Finance and competence - two sides of the innovation coin : strategic growth in innovative technology ventures

Two sides of the creation of innovations are focused: how the proper competences for exploitations of innovations are acquired and how exploitations of innovations are financed. The purpose of this paper is to propose a conceptual model, which is suggested to capture how innovative technology ventures cope with their needs of finance and competence for innovation exploitation. The success in exploitation of innovation is proposed to be contingent based on the fit between the ventures needs and the sources supplies. One contribution may be an increased understanding of successful matchmaking between supply and demand of finance and competence.Godkänd; 2007; 20070926 (jeaneth