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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| Format: | Working Paper |
| Language: | English en_US |
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Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/ http://hdl.handle.net/10986/20811 |
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okr-10986-20811 |
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oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
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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 |