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Making money at the early-stage

Published
March 2007

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Making money at the early-stage policy briefing  117KB

Description 

Innovative firms are major contributors to productivity, employment and economic growth.

Stack of coins

In particular, young firms have an important role in driving innovation, both directly through their own activities and indirectly through their interaction with established firms.

The capacity of new firms to undertake small-scale experimentation and innovation allows new ideas and ways of working to be tested.

But the UK is perceived to have few firms that started small and grew rapidly into world-class corporations. Is this true? Does it really matter – and why? And what can or should policy do about it?

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