EUSPRI2019

Conference Archives

Entrepreneurial Finance Summer School

Politecnico di Torino, Energy Center

Via Paolo Borsellino 38/16 - 10138 Torino (Italy).


Torino, IT

September 23, 2019 – September 27, 2019

 

With special attendance to the EU-SPRI Early Career Researcher Conference (ECC) Turin, Italy

 


The creation of functioning markets of entrepreneurial finance has become a priority for the European Union (EU), as is documented by the measures included in the Horizon 2020 and COSME programs, and for many governments across Europe. The entrepreneurial finance landscape has changed consistently over the last years and many new players, with a variety of investment goals and investment approaches, have entered the arena. Besides venture capitalists (VCs) and business angels (BAs), the development of on-line platforms has created new opportunities for entrepreneurs to raise seed capital and for non-professional investors to disintermediate their investments. Other new players in the arena have emerged, such as incubators and accelerators, or university-managed/based funds (such as proof of concepts (PoC) programs).

 

The aim of the Entrepreneurial Finance summer school is to spread the knowledge on entrepreneurial finance and promote cutting-edge international research on the topic, attracting PhD and Master students across Europe and outside Europe from different economic fields (economics, finance, management of innovation, entrepreneurship, management, management engineering). It will provide students with insights into the complexities of attracting financing for start-ups, with a specific focus on innovative ventures. PhD students will also receive important feedbacks on their current papers/research proposals by senior scholars and will get advice on how to structure their research in order to publish in leading academic journals.

 

The summer school, completely held in English, will combine:

  • frontal lectures by internationally renowned scholars;
  • presentations of working papers or research proposals by PhD and Master students to be discussed with senior scholars;
  • a set of extra-educational activities;
  • round tables and insights sessions with practitioners (e.g. business angels, venture capitalists, crowdfunders, incubators, entrepreneurs, policy makers)

 

Lectures

Lectures will be offered on the following topics:

  • The spectrum of financing choices for entrepreneurial ventures;
  • Financing innovation: actors, instruments, trends;
  • Crowdfunding and equity crowdfunding;
  • Business angels: individuals, groups and networks;
  • Venture capital types: governmental, independent, corporate and bank affiliated;
  • How venture capitalists work: deals, exits, impacts on firms’ performances;
  • The promise and danger of Initial Coin Offerings;
  • Social impact finance;
  • Incubators and Accelerators;
  • Methodological issues in entrepreneurial finance;

 

Paper development sessions

PhD and Master students enrolled in the summer school are required to participate to the EU-SPRI Early Career Researcher Conference that will take place at Politecnico di Torino on September 24th-25th . During the conference, students will have the possibility to present their current papers/research proposals and get advice from senior scholars on how to structure their research. A meeting with an Editor of a relevant scientific journal will be organized to teach Ph.D students how to publish in leading academic journals.

The summer school will be co-sponsored by the EIC (Entrepreneurship and Innovation Center) at Politecnico di Torino and is jointly organized with Politecnico di Milano.

Local Organizing Committee

  • Elisa Ughetto (Politecnico di Torino) - Coordinator
  • Emilio Paolucci (Politecnico di Torino)
  • Daniele Battaglia (Politecnico di Torino)
  • Francesco Fontana (Politecnico di Torino)

In partnership with Politecnico di Milano

  • Annalisa Croce (Politecnico di Milano School of Management)- Principal contact
  • Massimo G. Colombo (Politecnico di Milano School of Management)
  • Vincenzo Butticè (Politecnico di Milano School of Management)
  • Carlotta Orsenigo (Politecnico di Milano School of Management)
  • Francesca Tenca (Politecnico di Milano School of Management)

Keynote Speaker

Rosemarie Ziedonis is an Associate Professor of Strategy and Innovation at Questrom. She has a Ph.D. in Business and Public Policy from UC Berkeley’s Haas School of Business and an undergraduate degree in economics from the University of North Carolina, Chapel Hill. Prior to joining Questrom, she served on the faculty at the University of Oregon, the Wharton School, and the University of Michigan’s Ross School of Business, where she co-directed the Program for Law, Economics, and Technology. Her research examines the value and strategic use of intellectual property, and broader aspects of innovation policy and management. Findings from her studies have been published in a wide range of journals including the Journal of Financial Economics, Organization Science, Management Science, the Rand Journal of Economics, Research Policy, Science and the Strategic Management Journal. She is an Associate Editor at Management Science, and a Research Associate at the National Bureau of Economic Research.

 

Target audience

The summer school is targeted to PhD and Master students.

Submissions and selection

Participants to the summer school are invited to submit their CVs to francesco.fontana@polito.it. The CV should indicate the PhD dissertation topic for PhD students and the main research interests for Master students. Participants will be selected basing upon the quality of their CV and the coherence with the summer school theme. Selected participants will be informed via email of the payment mode for the summer school.

Main deadlines

Deadline for application (CV submission)

June 16th, 2019

Notification of acceptance

July 5th, 2019

Early bird payment

August 25th, 2019

Late bird payment

September 10th, 2019

Summer School venue

Politecnico di Torino, Energy Center

Via Paolo Borsellino 38/16 - 10138 Torino (Italy).

Summer School fee

The summer school fee includes attendance to the EU-SPRI ECC conference, summer school material, welcome cocktail, coffee breaks, lunches, conference dinner, didactic visits and extra-didactic activities.

EU-SPRI members: the summer school EARLY BIRD fee is 300 € (LATE BIRD: 380€). Please note that attendance to the EU-SPRI ECC conference is free of charge

Non EU-SPRI members: the summer school EARLY BIRD fee is 300€ (LATE BIRD: 380€). In addition, non EU-SPRI members need to contribute for the EUSPRI ECC conference a fee of 205€.

For all details on the summer school please follow the link below:

https://www.eko.polimi.it/index.php/euspri2019/EUSPRI2019

 

For information regarding summer school registration and payment and any other questions, please contact the summer school organizers: francesco.fontana@polito.it

 

View Conference Details

EUSPRI2019



September 24, 2019 – September 25, 2019


 

The global financial crisis, which struck most of the world’s national and regional economic systems, has led to calls for a further reflection on the evolution of the financial system and of the financing instruments to sustain entrepreneurship, technological changes through innovation, and firms’ growth (Lee et al., 2015). The pressing financial needs of SMEs, together with the growing and ever-changing opportunities for investors, have induced the rise of new modes of financial intermediation beside the traditional sources and often in combination with them. Many new equity and debt based financing opportunities are now available for SMEs, including crowdfunding (CF), crowdlending (CL), easy access to business angels (BAs) and governmental VC finance, hybrid and innovative finance schemes (e.g. participative loans). The digital revolution has also accelerated the use of alternative sources of finance for start-ups, which both complement and compete with traditional sources.

Although academic research on entrepreneurial finance is gaining momentum in understanding the dynamics of financing and its effects on firms’ growth, the challenges occurring in the entrepreneurial finance landscape have received less attention than necessary. Studies in entrepreneurial finance that explore the several financial tools available to SMEs and new ventures have not performed a carefully nuanced analysis of the regulatory institutional conditions that may affect the entrepreneurial finance landscape, nor they have examined the interdependencies between new financial channels and policy schemes to support SMEs and startups.

The new scenario is characterized by a high level of technological, investment, and regulatory complexity: on the one hand new investment approaches, valuation methods, and business models of entrepreneurial financing are emerging, on the other hand differences across countries in terms of regulations (e.g. tax regimes, bankruptcy laws, legislations on equity crowdfunding) are still in place. This situation calls for integrated policies, especially in the light of a new reconfiguration of financial markets following the exit from the EU of the largest equity market in Europe (UK) and following the policy reshaping that is currently operationalized by the European Commission for the next EU Framework Programme (FP9).

Reflecting the breadth of financial instruments that are potentially available to new high-tech ventures, the conference will deal with the changing ecosystem of entrepreneurial finance, currently transformed by the Fintech revolution and by the entrance of new actors in the arena and will investigate the social changes this new financial environment creates.

 

Some broad topics that might be addressed in papers submitted to the conference include:

  • Public policy towards the financing of high-tech entrepreneurship and innovative firms
  • The role of the Fintech revolution in the changing eco-system of entrepreneurial finance
  • The effects of the financial crisis on SMEs and new ventures
  • New forms of entrepreneurial finance (e.g. proof-of-concepts, ICOs)
  • The relationship between different forms of finance (crowdlending, crowdfunding, business angels, venture capital)
  • The role of location and institutional characteristics in shaping the ecosystem of actors (and their relationships) surrounding start-up financing
  • Entrepreneurs and investors’ social capital and positioning into a network
  • Business models and different sources of financing
  • Policy challenges and the integration of European entrepreneurial finance policies
  • The impact of the digital transformation on regional equity gap
  • Financial markets, regulatory framework and the provision of finance for SMEs
  • Crowdfunding: opportunities, challenges and critical factors
  • Venture capital, innovation and high-tech start-ups performance
  • Macro perspectives on financial markets, innovation, high-tech entrepreneurship and economic growth
  • Innovative policy tools to finance innovative and high potential SMEs

The international academic Journal “Technological Forecasting and Social Change” has accepted to link a Special Issue to the topic of this conference, entitled “Digital technologies and the changing entrepreneurial finance landscape”. Submission to the Special Issue takes place separately and will only be open after the conference. Details on the special issue are provided on the Journal website. Dual submission is possible but not mandatory. Authors can submit to the conference without automatic submission at the Journal, and it is possible to submit to the Special Issue without having presented at the conference. Authors are advised to include the feedback from the conference into a potential submission to the special issue. Final decisions on papers submitted to the Special Issue will be made by the regular editors of the Journal based on the peer-review process at TFSC.

Organizing Committee

  • Elisa Ughetto (Politecnico di Torino) - Scientific Coordinator
  • Annalisa Croce (Politecnico di Milano School of Management) - Scientific Coordinator
  • Massimo G. Colombo (Politecnico di Milano School of Management)
  • Emilio Paolucci (Politecnico di Torino)
  • Vincenzo Butticè (Politecnico di Milano School of Management)
  • Carlotta Orsenigo (Politecnico di Milano School of Management)
  • Francesca Tenca (Politecnico di Milano School of Management)
  • Daniele Battaglia (Politecnico di Torino)
  • Antonio DeMarco (Politecnico di Torino)
  • Francesco Fontana (Politecnico di Torino)

Keynote Speaker

Rosemarie Ziedonis is an Associate Professor of Strategy and Innovation at Questrom. She has a Ph.D. in Business and Public Policy from UC Berkeley’s Haas School of Business and an undergraduate degree in economics from the University of North Carolina, Chapel Hill. Prior to joining Questrom, she served on the faculty at the University of Oregon, the Wharton School, and the University of Michigan’s Ross School of Business, where she co-directed the Program for Law, Economics, and Technology. Her research examines the value and strategic use of intellectual property, and broader aspects of innovation policy and management. Findings from her studies have been published in a wide range of journals including the Journal of Financial Economics, Organization Science, Management Science, the Rand Journal of Economics, Research Policy, Science and the Strategic Management Journal. She is an Associate Editor at Management Science, and a Research Associate at the National Bureau of Economic Research.

 

Target audience

The conference aims at involving a selected group of scholars. The participation from scholars at the Assistant Professor level, at the post-doc level, or at early stages of their career is particularly encouraged. PhD candidates at the final stage of their dissertation are also encouraged to attend.

Submissions and selection

Participants are invited to submit a full paper or an extended abstract and their CV. Full papers should be no longer than 30 pages, including figures and tables. Extended abstracts should be no longer than 3,000 words and clearly specify the objective of the study, its approach and results. The CV should indicate the PhD dissertation topic for PhD students and the main research projects for research assistants and post-doctoral researchers. Full papers/extended abstracts and CVs should be submitted by email to the following address ecc-conference@polimi.it as PDF files.

Participants will be selected basing upon the quality of the submitted paper/extended abstract, the coherence with the conference theme, and their CV. Once acceptance will be notified, participants should confirm their participation and send the final version of their full paper.

Main deadlines

Deadline for submission to the Special Issue

December 15th, 2019

Deadline for full papers/extended abstracts submission

June 16th, 2019

Notification of acceptance

July 5th, 2019

Deadline for sending full papers and registration (including the payment of the fee)

August 25th, 2019

Conference

September 24th-25th, 2019

Deadline for special issue

December 15th, 2019

Conference venue

Politecnico di Torino, Energy Center

Via Paolo Borsellino 38/16 - 10138 Torino (Italy).

Conference fee

EU-SPRI members: the conference is free of charge. The organization will cover accommodation for two nights, coffee breaks, lunches, conference material and the conference dinner. Accommodation for early career delegates will be provided close to the conference venue.

Non EU-SPRI members: the conference fee is 205 € (includes conference material, coffee breaks, lunches, and conference dinner). Participants from outside EU-SPRI forum are advised to book their accommodation in Turin.  

For information about conference registration, payment and any other questions, please contact the conference organizers: ecc-conference@polimi.it

 

Technological Forecasting and Social Change combined submission option

All submissions should be made using the following address: https://www.journals.elsevier.com/technological-forecasting-and-social-change/. The Guest Editors will initially review the papers and decide which papers will go forward for review by two anonymous referees. The General Editors of Technological Forecasting and Social Change will have oversight of the final set of papers accepted for publication. The General Editor in charge of the Special Issue is Alexander Brem.

 

 

In parallel with the conference, we will organize a summer school on the same themes. Further information available at:

Summer School

View Conference Details