Local Competence Building and International Venture Capital in Low-Income Countries:Exploring foreign high-tech investments in Kenya's Silicon Savanna
| Autor: | Roman Jurowetzki, Daniel S. Hain |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Sustainable development
Entrepreneurship Social venture capital Economic development Strategy and Management 05 social sciences Developing country Frugal innovation Venture capital High tech Low-income countries 0502 economics and business Business Management and Accounting (miscellaneous) Local competences Business Foreign investments 050207 economics Economic system Competence (human resources) 050203 business & management Industrial organization Capability building |
| Zdroj: | Hain, D & Jurowetzki, R 2018, ' Local Competence Building and International Venture Capital in Low-Income Countries : Exploring foreign high-tech investments in Kenya's Silicon Savanna ', Journal of Small Business and Enterprise Development, vol. 25, no. 3, pp. 447-482 . https://doi.org/10.1108/JSBED-03-2017-0092 |
| DOI: | 10.1108/JSBED-03-2017-0092 |
| Popis: | PurposeThe purpose of this paper is to shed light on the changing pattern and characteristics of international financial flows in the emerging entrepreneurial ecosystems of Sub-Saharan Africa (SSA), provide a novel taxonomy to classify and analyze them, and discuss how such investments contribute to competence building and sustainable development.Design/methodology/approachIn an exploratory study, the authors analyze the characteristics of international venture capital investors and the start-ups receiving funding in Kenya and map their interaction. The authors proceed by developing a novel taxonomy, classifying investors according to their main rationales (for-profit-for-impact), and start-ups according to the locus of needs and markets addressed by the start-up (local-global) and the locus of the start-ups capacity and knowledge (local-global).FindingsThe authors observe a new type of mainly western investors who support innovative ideas in SSA by identifying and investing in domestically developed technical innovations with the potential to address global market needs. The authors find such innovations to be mainly developed at the intersect of global and local knowledge.Originality/valueThe authors shed light on the – up to now – under-researched emerging phenomenon of international high-tech investments in SSA, and develop a novel taxonomy of technology investments in low-income countries, guiding further research on the conditions, impact, practical, and policy implications of this new form of finance flows. |
| Databáze: | OpenAIRE |
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