Abstract
Recent research on entrepreneurship and venture creation suggests that there are several elements that frame the entrepreneurial ecosystem which may influence the decision to engage in entrepreneurial activities. The aim of this chapter is to present the results on Brazil of a research project whose main purpose is to identify the main elements of the entrepreneurial ecosystem in the BRIC countries. We first made a survey among ICT entrepreneurs concerning their perceptions on the relative importance of key elements of the entrepreneurial ecosystem that are: individual and personal characteristics; socio-cultural context; Government programs and policies; access to finance; access to information, opportunities for knowledge and skill building and exposure to global markets. We then made the same survey among non-ICT and non-entrepreneurs, to assess the specificities of knowledge-intensive entrepreneurs such as those in the ICT sector. We combined these quantitative surveys with a qualitative research where we interviewed entrepreneurs and policy-makers engaged in entrepreneurial support. Based on these results we propose some key policy issues to support entrepreneurship in Brazil.
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Notes
- 1.
See Simon (1996).
- 2.
Milieu may be considered as a grouping of economic, cultural, political and social elements. See Maillat and Perrin (1992).
- 3.
Although most authors propose the concept of cognitive distance to explain how firms differ in their attitudes towards innovation, we believe that this concept may be applied to explain differences between firms and support institutions as well.
- 4.
The control group consisted of undergraduate students in the last year of Economics and Management courses of the Federal University of Rio de Janeiro.
- 5.
FINEP is the financial arm of Brazil’s Ministry of Science and Technology. See www.finep.gov.br
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La Rovere, R.L., Vilarinhos, P.M., de Souza, T.A.B. (2015). Entrepreneurship and Venture Creation in Brazil: Key Policy Issues. In: Lèbre La Rovere, R., de Magalhães Ozório, L., de Jesus Melo, L. (eds) Entrepreneurship in BRICS. Springer, Cham. https://doi.org/10.1007/978-3-319-11412-5_4
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