STEFI

STEFI aims to identify the innovative potential of start-ups in order to better manage the seed and funding support, especially public funding. Thanks to the co-construction of data bases, the research team and HDFID assess the value relevance of early stage signals of innovation and how they interact with the level of funding provided by backers. The research aims to explore what can explain the presence of a variety of funders in early stage equity funding and whether public funds play a pivotal role in this process. A better understanding of start-up trajectories will help to anticipate the performance in terms of growth, amount raised, and survival. Transfer competencies between the research team and the company will be based on the co-construction of data bases and new innovation indicators. The meaning given to these indicators will also be a joint work. Moreover, researchers usually work on a single financial vehicle. The new data bases will provide the combination of a large range of investors, allowing to improve theoretical knowledge on innovation signals and funding trajectories of start-ups.