Exploring methods of finance in the lifecycle of entrepreneurial businesses:Case study of Sharif University of Technology
Subject Areas : Financial Economics
بهاره یعقوبی
1
(دانش آموخته)
محمدعلی مرادی
2
(مدیر گروه توسعه کارآفرینی)
رضا زعفریان
3
(عضو هیات علمی دانشگاه تهران)
Keywords: Entrepreneurial Businesses, Financing, University, Business Lifecycle,
Abstract :
Entrepreneurial businesses have a significant role in developing a competitive advantage in the economy. However, Iran's position in this field is not very favorable considering the huge commercialization capacities and graduates. This is despite the fact that many of the academic research and innovations that have a high potential for commercialization have remained unused partly due to financing constraints. Therefore, the present study aims to use resource-based theory to identify the methods of financing academic businesses with an emphasis on different periods of the business lifecycle. The research method of the present study is qualitative and a case study of Sharif University of Technology has been selected as one of the leading universities in the country. The required data were collected through semi-structured interviews with 13 experts in this field based on theoretical saturation criteria and analyzed the collected data using three-step coding. According to the results of this study, financing methods have been identified separately for the three life cycles of businesses. In the pre-growth phase, methods such as financing through self-financing, the Bank Innovation Center, the Vice-Chancellor, and professional participation have been identified. Financing methods in the growth phase have been identified as intermediaries of financing through business angels and financing through the growth center, and finally in the post-growth phase of formal institutions such as financing through the bank, financing through the stock exchange, and OTC and financing methods are available from international institutions.
