What Governments Can Do to Make a Difference
The spectacular success of several well-known new ventures in technological fields,
which in little more than a decade have jumped from the state of start-ups to that
of top international businesses, has pointed to innovation as a key factor in the
high growth of firms. These high-growth enterprises often drive job creation and
innovation, so policy makers are increasingly making such companies a key focus. Specifically,
how can government policy foster the creation of more high-growth enterprises; what
are the growth factors, and how can they be leveraged; what are the appropriate ways
to provide such support?
To help answer these questions, this report presents findings from two new research
studies: (1) reports from 15 countries (Australia, Brazil, Canada, Chile, Czech Republic,
Finland, France, Italy, Japan, Mexico, Netherlands, Portugal, Spain, Switzerland and
Tunisia) that provide interesting insights into the operations of and challenges faced
by high-growth enterprises; (2) a policy survey by the OECD Working Party on SMEs
and Entrepreneurship, which reviewed more than 340 programmes that policy makers in
24 countries have put in place to support the growth of enterprises.
Some of this report’s findings may surprise: any firm can be a growth company; growth
is almost always a temporary phase; high-growth small firms are funded mostly by debt,
not equity. These and many more insights are summarised and analysed, providing policy
makers with ideas on how to power growth at the firm level.
Published on November 03, 2010
In series:OECD Studies on SMEs and Entrepreneurshipview more titles