Enhancing Access to Finance for Technology Entrepreneurs : Analysis of Highly Innovative, High Growth Start-Ups in Vietnam, Cambodia, and Nepal

The first part of the study provides contextual background to the financing gaps and associated barriers, which restrict access to finance for HI start-ups. These barriers are driven by both supply and demand sides of the financing equation. Supply...

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Bibliographic Details
Main Author: World Bank Group
Format: Working Paper
Language:English
en_US
Published: Washington, DC 2014
Subjects:
CC
LLC
Online Access:http://documents.worldbank.org/curated/en/
http://hdl.handle.net/10986/20811
id okr-10986-20811
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCESS TO BANK
ACCESS TO CREDIT
ACCESS TO FINANCE
ACCESS TO FINANCING
ACCESS TO LOANS
ACCESS TO MARKET
ADVISORY SERVICES
AGRICULTURAL INCOME
ANGEL GROUP
ANGEL INVESTOR
ANGEL INVESTORS
APPLICATION PROCEDURES
APPLICATION PROCESS
AVAILABILITY OF FINANCE
BALANCE SHEET
BALANCE SHEETS
BANK LOANS
BANKING NETWORK
BANKS
BORROWER
BORROWING
BUSINESS ACTIVITIES
BUSINESS ACUMEN
BUSINESS CONFIDENCE
BUSINESS INCUBATION
BUSINESS INCUBATOR
BUSINESS INCUBATORS
BUSINESS INFORMATION
CAPACITY BUILDING
CAPITAL GROWTH
CAPITAL INJECTION
CAPITAL MARKET
CAPITAL MARKETS
CAPITAL RAISING
CASH FLOW
CASH FLOWS
CC
CENTRAL BANK
CHAMBER OF COMMERCE
COLLATERAL
COLLATERAL FOR LOANS
CORPORATE GOVERNANCE
CREDIT BUREAU
CREDIT BUREAUS
CREDIT GAP
CREDIT GAPS
CREDIT GUARANTEE
CREDIT GUARANTEES
CREDIT RISK
CREDIT SCORING
CULTURAL BARRIERS
CURRENCY
CUSTOMER BASE
CUSTOMER SERVICE
DEBT
DEBT FINANCING
DEBT SECURITIES
DEPOSIT
DEVELOPING COUNTRIES
DEVELOPMENT BANK
DEVELOPMENT FINANCE
DEVELOPMENT FINANCE INSTITUTIONS
DEVELOPMENT OF FINANCE
DUE DILIGENCE
E-COMMERCE
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC REFORMS
ENTERPRISE DEVELOPMENT
ENTERPRISE REGISTRATION
ENTREPRENEUR
ENTREPRENEURIAL FINANCE
ENTREPRENEURS
ENVIRONMENTAL PROTECTION
EQUITY FINANCING
EQUITY FUND
EQUITY INVESTMENT
EQUITY INVESTMENTS
EQUITY MARKETS
EXCHANGE COMMISSION
EXTERNAL INVESTORS
FINANCIAL ASSISTANCE
FINANCIAL CAPACITY
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FINANCIAL INSTRUMENT
FINANCIAL INTERMEDIARIES
FINANCIAL LITERACY
FINANCIAL MARKETS
FINANCIAL PRODUCTS
FINANCIAL RESOURCES
FINANCIAL SERVICES
FINANCIAL SUPPORT
FINANCING ACCESS
FINANCING INITIATIVE
FINANCING NEEDS
FIRST CREDIT
FOREIGN INVESTMENT
FORMAL FINANCIAL INSTITUTIONS
FUND MANAGER
FUNDING SOURCE
FUNDING SOURCES
GOVERNMENT REGULATIONS
GOVERNMENT SECURITIES
GRANT FUNDING
GROSS DOMESTIC PRODUCT
GUARANTEE SCHEME
HOLDING
INCOME TAX
INDUSTRIAL ENTERPRISES
INFLATION
INFLATION RATE
INFORMAL FINANCING
INFRASTRUCTURE DEVELOPMENT
INNOVATION FINANCE
INTANGIBLE
INTANGIBLE ASSETS
INTANGIBLES
INTELLECTUAL PROPERTY
INTEREST RATE
INTERNATIONAL BANK
INTERNATIONAL FINANCE
INTERNATIONAL STANDARDS
INVESTING
INVESTMENT CRITERIA
INVESTMENT OPPORTUNITIES
INVESTMENT PORTFOLIO
INVESTMENT PORTFOLIOS
INVESTMENT PROPOSAL
INVESTMENT RISK
INVESTMENT RISKS
INVESTMENT VEHICLES
INVESTOR CONFIDENCE
INVESTOR PROTECTION
JOINT STOCK COMPANY
LACK OF ACCESS
LACK OF AWARENESS
LACK OF COLLATERAL
LENDER
LENDERS
LEVELS OF COLLATERAL
LEVELS OF CREDIT
LIMITED ACCESS
LIMITED ACCESS TO FINANCE
LIMITED LIABILITY
LLC
LOAN AMOUNT
LOAN FUND
LOAN GUARANTEES
LOAN PORTFOLIO
LOAN PRODUCT
LOAN PRODUCTS
LOAN PROGRAM
LOAN TERMS
MAILING ADDRESS
MARKET DEVELOPMENT
MICRO ENTERPRISES
MICROFINANCE
MICROFINANCE INSTITUTIONS
NON-PERFORMING LOANS
NON-PROFIT LOAN
POLITICAL STABILITY
PRIVATE CAPITAL
PRIVATE EQUITY
PRIVATE INVESTORS
PROFESSIONAL DEVELOPMENT
PROFESSIONAL INVESTORS
PROPERTY AS COLLATERAL
PROPERTY RIGHTS
PROTECTION OF MINORITY SHAREHOLDERS
RED TAPE
REGULATORY FRAMEWORKS
REGULATORY POLICIES
REMITTANCES
REPAYMENT
RETURN
RETURN ON INVESTMENT
RETURNS
REVOLVING LOAN
RISK PROFILE
SECURITIES
SEED FUNDING
SELF-FINANCING
SMALL BUSINESS
SMALL BUSINESS OWNERS
SMALL ENTERPRISE
SMART MONEY
SOCIAL DEVELOPMENT
SOURCES OF FINANCE
START-UP
START-UPS
TANGIBLE ASSETS
TAX INCENTIVES
TECHNICAL ASSISTANCE
TRADING
TRANSACTION
TRANSACTION COST
TRANSACTION COSTS
TRUST FUND
VALUE OF COLLATERAL
VENTURE CAPITAL
VENTURE CAPITAL FIRM
VENTURE CAPITAL FIRMS
VENTURE CAPITAL FUND
VENTURE CAPITAL FUNDS
VENTURE CAPITAL INVESTMENT
VENTURE CAPITAL INVESTORS
VENTURE CAPITAL SOURCE
VENTURE CAPITALISTS
WOMEN ENTREPRENEURS
spellingShingle ACCESS TO BANK
ACCESS TO CREDIT
ACCESS TO FINANCE
ACCESS TO FINANCING
ACCESS TO LOANS
ACCESS TO MARKET
ADVISORY SERVICES
AGRICULTURAL INCOME
ANGEL GROUP
ANGEL INVESTOR
ANGEL INVESTORS
APPLICATION PROCEDURES
APPLICATION PROCESS
AVAILABILITY OF FINANCE
BALANCE SHEET
BALANCE SHEETS
BANK LOANS
BANKING NETWORK
BANKS
BORROWER
BORROWING
BUSINESS ACTIVITIES
BUSINESS ACUMEN
BUSINESS CONFIDENCE
BUSINESS INCUBATION
BUSINESS INCUBATOR
BUSINESS INCUBATORS
BUSINESS INFORMATION
CAPACITY BUILDING
CAPITAL GROWTH
CAPITAL INJECTION
CAPITAL MARKET
CAPITAL MARKETS
CAPITAL RAISING
CASH FLOW
CASH FLOWS
CC
CENTRAL BANK
CHAMBER OF COMMERCE
COLLATERAL
COLLATERAL FOR LOANS
CORPORATE GOVERNANCE
CREDIT BUREAU
CREDIT BUREAUS
CREDIT GAP
CREDIT GAPS
CREDIT GUARANTEE
CREDIT GUARANTEES
CREDIT RISK
CREDIT SCORING
CULTURAL BARRIERS
CURRENCY
CUSTOMER BASE
CUSTOMER SERVICE
DEBT
DEBT FINANCING
DEBT SECURITIES
DEPOSIT
DEVELOPING COUNTRIES
DEVELOPMENT BANK
DEVELOPMENT FINANCE
DEVELOPMENT FINANCE INSTITUTIONS
DEVELOPMENT OF FINANCE
DUE DILIGENCE
E-COMMERCE
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC REFORMS
ENTERPRISE DEVELOPMENT
ENTERPRISE REGISTRATION
ENTREPRENEUR
ENTREPRENEURIAL FINANCE
ENTREPRENEURS
ENVIRONMENTAL PROTECTION
EQUITY FINANCING
EQUITY FUND
EQUITY INVESTMENT
EQUITY INVESTMENTS
EQUITY MARKETS
EXCHANGE COMMISSION
EXTERNAL INVESTORS
FINANCIAL ASSISTANCE
FINANCIAL CAPACITY
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FINANCIAL INSTRUMENT
FINANCIAL INTERMEDIARIES
FINANCIAL LITERACY
FINANCIAL MARKETS
FINANCIAL PRODUCTS
FINANCIAL RESOURCES
FINANCIAL SERVICES
FINANCIAL SUPPORT
FINANCING ACCESS
FINANCING INITIATIVE
FINANCING NEEDS
FIRST CREDIT
FOREIGN INVESTMENT
FORMAL FINANCIAL INSTITUTIONS
FUND MANAGER
FUNDING SOURCE
FUNDING SOURCES
GOVERNMENT REGULATIONS
GOVERNMENT SECURITIES
GRANT FUNDING
GROSS DOMESTIC PRODUCT
GUARANTEE SCHEME
HOLDING
INCOME TAX
INDUSTRIAL ENTERPRISES
INFLATION
INFLATION RATE
INFORMAL FINANCING
INFRASTRUCTURE DEVELOPMENT
INNOVATION FINANCE
INTANGIBLE
INTANGIBLE ASSETS
INTANGIBLES
INTELLECTUAL PROPERTY
INTEREST RATE
INTERNATIONAL BANK
INTERNATIONAL FINANCE
INTERNATIONAL STANDARDS
INVESTING
INVESTMENT CRITERIA
INVESTMENT OPPORTUNITIES
INVESTMENT PORTFOLIO
INVESTMENT PORTFOLIOS
INVESTMENT PROPOSAL
INVESTMENT RISK
INVESTMENT RISKS
INVESTMENT VEHICLES
INVESTOR CONFIDENCE
INVESTOR PROTECTION
JOINT STOCK COMPANY
LACK OF ACCESS
LACK OF AWARENESS
LACK OF COLLATERAL
LENDER
LENDERS
LEVELS OF COLLATERAL
LEVELS OF CREDIT
LIMITED ACCESS
LIMITED ACCESS TO FINANCE
LIMITED LIABILITY
LLC
LOAN AMOUNT
LOAN FUND
LOAN GUARANTEES
LOAN PORTFOLIO
LOAN PRODUCT
LOAN PRODUCTS
LOAN PROGRAM
LOAN TERMS
MAILING ADDRESS
MARKET DEVELOPMENT
MICRO ENTERPRISES
MICROFINANCE
MICROFINANCE INSTITUTIONS
NON-PERFORMING LOANS
NON-PROFIT LOAN
POLITICAL STABILITY
PRIVATE CAPITAL
PRIVATE EQUITY
PRIVATE INVESTORS
PROFESSIONAL DEVELOPMENT
PROFESSIONAL INVESTORS
PROPERTY AS COLLATERAL
PROPERTY RIGHTS
PROTECTION OF MINORITY SHAREHOLDERS
RED TAPE
REGULATORY FRAMEWORKS
REGULATORY POLICIES
REMITTANCES
REPAYMENT
RETURN
RETURN ON INVESTMENT
RETURNS
REVOLVING LOAN
RISK PROFILE
SECURITIES
SEED FUNDING
SELF-FINANCING
SMALL BUSINESS
SMALL BUSINESS OWNERS
SMALL ENTERPRISE
SMART MONEY
SOCIAL DEVELOPMENT
SOURCES OF FINANCE
START-UP
START-UPS
TANGIBLE ASSETS
TAX INCENTIVES
TECHNICAL ASSISTANCE
TRADING
TRANSACTION
TRANSACTION COST
TRANSACTION COSTS
TRUST FUND
VALUE OF COLLATERAL
VENTURE CAPITAL
VENTURE CAPITAL FIRM
VENTURE CAPITAL FIRMS
VENTURE CAPITAL FUND
VENTURE CAPITAL FUNDS
VENTURE CAPITAL INVESTMENT
VENTURE CAPITAL INVESTORS
VENTURE CAPITAL SOURCE
VENTURE CAPITALISTS
WOMEN ENTREPRENEURS
World Bank Group
Enhancing Access to Finance for Technology Entrepreneurs : Analysis of Highly Innovative, High Growth Start-Ups in Vietnam, Cambodia, and Nepal
geographic_facet East Asia and Pacific
South Asia
Cambodia
Nepal
Vietnam
description The first part of the study provides contextual background to the financing gaps and associated barriers, which restrict access to finance for HI start-ups. These barriers are driven by both supply and demand sides of the financing equation. Supply side barriers include: high transaction costs associated with financing; high levels of credit risk associated with HI start-ups; high collateral required by financial institutions; non-conducive legal and regulatory environments for investment in HI start-ups; lack of start-up expertise and dedicated resources by financiers; and finance products that are not tailored to HI start-ups needs and circumstances. Demand side barriers include: reliance by HI start-ups on informal financing sources; lack of awareness on the process to apply for funding from formal financing sources; low levels of financial literacy by HI start-ups; and the fear of losing control by involving external investors. This section also contains a broad overview of the country frameworks governing the start-up sector, together with some of the initiatives relating to access to finance. The second part of the study covers the fieldwork undertaken in Vietnam, Cambodia, and Nepal. The fieldwork gathered views from investee firms (irrespective of whether they were successful in raising finance or not), investors, and other stakeholders. The fieldwork was aimed at understanding the severity of the financing gap for HI start-ups, the stage(s) of financing impacted by lack of access to finance, and the sources of financing for HI start-ups. Lastly, financing catalyst recommendations address non-financing impediments, which if overcome will have a positive impact on access to finance.
format Publications & Research :: Working Paper
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Enhancing Access to Finance for Technology Entrepreneurs : Analysis of Highly Innovative, High Growth Start-Ups in Vietnam, Cambodia, and Nepal
title_short Enhancing Access to Finance for Technology Entrepreneurs : Analysis of Highly Innovative, High Growth Start-Ups in Vietnam, Cambodia, and Nepal
title_full Enhancing Access to Finance for Technology Entrepreneurs : Analysis of Highly Innovative, High Growth Start-Ups in Vietnam, Cambodia, and Nepal
title_fullStr Enhancing Access to Finance for Technology Entrepreneurs : Analysis of Highly Innovative, High Growth Start-Ups in Vietnam, Cambodia, and Nepal
title_full_unstemmed Enhancing Access to Finance for Technology Entrepreneurs : Analysis of Highly Innovative, High Growth Start-Ups in Vietnam, Cambodia, and Nepal
title_sort enhancing access to finance for technology entrepreneurs : analysis of highly innovative, high growth start-ups in vietnam, cambodia, and nepal
publisher Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/
http://hdl.handle.net/10986/20811
_version_ 1764447126959423488
spelling okr-10986-208112021-04-23T14:03:59Z Enhancing Access to Finance for Technology Entrepreneurs : Analysis of Highly Innovative, High Growth Start-Ups in Vietnam, Cambodia, and Nepal World Bank Group ACCESS TO BANK ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCING ACCESS TO LOANS ACCESS TO MARKET ADVISORY SERVICES AGRICULTURAL INCOME ANGEL GROUP ANGEL INVESTOR ANGEL INVESTORS APPLICATION PROCEDURES APPLICATION PROCESS AVAILABILITY OF FINANCE BALANCE SHEET BALANCE SHEETS BANK LOANS BANKING NETWORK BANKS BORROWER BORROWING BUSINESS ACTIVITIES BUSINESS ACUMEN BUSINESS CONFIDENCE BUSINESS INCUBATION BUSINESS INCUBATOR BUSINESS INCUBATORS BUSINESS INFORMATION CAPACITY BUILDING CAPITAL GROWTH CAPITAL INJECTION CAPITAL MARKET CAPITAL MARKETS CAPITAL RAISING CASH FLOW CASH FLOWS CC CENTRAL BANK CHAMBER OF COMMERCE COLLATERAL COLLATERAL FOR LOANS CORPORATE GOVERNANCE CREDIT BUREAU CREDIT BUREAUS CREDIT GAP CREDIT GAPS CREDIT GUARANTEE CREDIT GUARANTEES CREDIT RISK CREDIT SCORING CULTURAL BARRIERS CURRENCY CUSTOMER BASE CUSTOMER SERVICE DEBT DEBT FINANCING DEBT SECURITIES DEPOSIT DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT FINANCE DEVELOPMENT FINANCE INSTITUTIONS DEVELOPMENT OF FINANCE DUE DILIGENCE E-COMMERCE ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC REFORMS ENTERPRISE DEVELOPMENT ENTERPRISE REGISTRATION ENTREPRENEUR ENTREPRENEURIAL FINANCE ENTREPRENEURS ENVIRONMENTAL PROTECTION EQUITY FINANCING EQUITY FUND EQUITY INVESTMENT EQUITY INVESTMENTS EQUITY MARKETS EXCHANGE COMMISSION EXTERNAL INVESTORS FINANCIAL ASSISTANCE FINANCIAL CAPACITY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INTERMEDIARIES FINANCIAL LITERACY FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SERVICES FINANCIAL SUPPORT FINANCING ACCESS FINANCING INITIATIVE FINANCING NEEDS FIRST CREDIT FOREIGN INVESTMENT FORMAL FINANCIAL INSTITUTIONS FUND MANAGER FUNDING SOURCE FUNDING SOURCES GOVERNMENT REGULATIONS GOVERNMENT SECURITIES GRANT FUNDING GROSS DOMESTIC PRODUCT GUARANTEE SCHEME HOLDING INCOME TAX INDUSTRIAL ENTERPRISES INFLATION INFLATION RATE INFORMAL FINANCING INFRASTRUCTURE DEVELOPMENT INNOVATION FINANCE INTANGIBLE INTANGIBLE ASSETS INTANGIBLES INTELLECTUAL PROPERTY INTEREST RATE INTERNATIONAL BANK INTERNATIONAL FINANCE INTERNATIONAL STANDARDS INVESTING INVESTMENT CRITERIA INVESTMENT OPPORTUNITIES INVESTMENT PORTFOLIO INVESTMENT PORTFOLIOS INVESTMENT PROPOSAL INVESTMENT RISK INVESTMENT RISKS INVESTMENT VEHICLES INVESTOR CONFIDENCE INVESTOR PROTECTION JOINT STOCK COMPANY LACK OF ACCESS LACK OF AWARENESS LACK OF COLLATERAL LENDER LENDERS LEVELS OF COLLATERAL LEVELS OF CREDIT LIMITED ACCESS LIMITED ACCESS TO FINANCE LIMITED LIABILITY LLC LOAN AMOUNT LOAN FUND LOAN GUARANTEES LOAN PORTFOLIO LOAN PRODUCT LOAN PRODUCTS LOAN PROGRAM LOAN TERMS MAILING ADDRESS MARKET DEVELOPMENT MICRO ENTERPRISES MICROFINANCE MICROFINANCE INSTITUTIONS NON-PERFORMING LOANS NON-PROFIT LOAN POLITICAL STABILITY PRIVATE CAPITAL PRIVATE EQUITY PRIVATE INVESTORS PROFESSIONAL DEVELOPMENT PROFESSIONAL INVESTORS PROPERTY AS COLLATERAL PROPERTY RIGHTS PROTECTION OF MINORITY SHAREHOLDERS RED TAPE REGULATORY FRAMEWORKS REGULATORY POLICIES REMITTANCES REPAYMENT RETURN RETURN ON INVESTMENT RETURNS REVOLVING LOAN RISK PROFILE SECURITIES SEED FUNDING SELF-FINANCING SMALL BUSINESS SMALL BUSINESS OWNERS SMALL ENTERPRISE SMART MONEY SOCIAL DEVELOPMENT SOURCES OF FINANCE START-UP START-UPS TANGIBLE ASSETS TAX INCENTIVES TECHNICAL ASSISTANCE TRADING TRANSACTION TRANSACTION COST TRANSACTION COSTS TRUST FUND VALUE OF COLLATERAL VENTURE CAPITAL VENTURE CAPITAL FIRM VENTURE CAPITAL FIRMS VENTURE CAPITAL FUND VENTURE CAPITAL FUNDS VENTURE CAPITAL INVESTMENT VENTURE CAPITAL INVESTORS VENTURE CAPITAL SOURCE VENTURE CAPITALISTS WOMEN ENTREPRENEURS The first part of the study provides contextual background to the financing gaps and associated barriers, which restrict access to finance for HI start-ups. These barriers are driven by both supply and demand sides of the financing equation. Supply side barriers include: high transaction costs associated with financing; high levels of credit risk associated with HI start-ups; high collateral required by financial institutions; non-conducive legal and regulatory environments for investment in HI start-ups; lack of start-up expertise and dedicated resources by financiers; and finance products that are not tailored to HI start-ups needs and circumstances. Demand side barriers include: reliance by HI start-ups on informal financing sources; lack of awareness on the process to apply for funding from formal financing sources; low levels of financial literacy by HI start-ups; and the fear of losing control by involving external investors. This section also contains a broad overview of the country frameworks governing the start-up sector, together with some of the initiatives relating to access to finance. The second part of the study covers the fieldwork undertaken in Vietnam, Cambodia, and Nepal. The fieldwork gathered views from investee firms (irrespective of whether they were successful in raising finance or not), investors, and other stakeholders. The fieldwork was aimed at understanding the severity of the financing gap for HI start-ups, the stage(s) of financing impacted by lack of access to finance, and the sources of financing for HI start-ups. Lastly, financing catalyst recommendations address non-financing impediments, which if overcome will have a positive impact on access to finance. 2014-12-18T22:32:45Z 2014-12-18T22:32:45Z 2014 http://documents.worldbank.org/curated/en/ http://hdl.handle.net/10986/20811 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research :: Working Paper East Asia and Pacific South Asia Cambodia Nepal Vietnam