Ancelina, Brigitta (2024) THE ROLE OF PUBLIC FUNDING ALLOCATION STRATEGIES IN AFFECTING SUSTAINABLE START-UP PERFORMANCE: A CASE STUDY OF THE FRISIAN INNOVATION FUND. Master thesis, Sustainable Entrepreneurship (SE).
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Abstract
Recognizing the importance of stimulating sustainable innovations to effectively address the pressing sustainability challenges, governments are providing public funding for sustainable start-ups. By understanding the allocation strategies, start-ups can effectively utilize the public funding they received in order to achieve their perceived sustainability goals. Funders, on the other hand, also need to measure the performance of the start-ups to ensure the subsidy is producing the desired results. This qualitative study employed a case study of the Frisian Innovation Fund to better understand the allocation strategies and how they affect the sustainable start-up performance. Through data analysis of the primary and secondary data (applications and reports), the findings show that sustainable start-ups allocate their funding into: materials and direct labours; selling, general, administrative activities that cover marketing, certifications, grant applications, and business travel; and research and development purposes. These allocation strategies will eventually result in the desired impacts: financial sustainability, scaling up, exposure to opportunities, increased entrepreneurship, emission and waste prevention, clean water and green energy production, increased circularity, less water scarcity, improved quality of life, social job creation, more innovation and more collaboration and partnership. Keywords: public funding, government funding, allocation strategy, sustainable start-up, sustainable performance, performance measurement
| Item Type: | Thesis (Master) |
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| Name supervisor: | Jong, G. de |
| Date Deposited: | 09 Jul 2024 09:22 |
| Last Modified: | 09 Jul 2024 09:22 |
| URI: | https://campus-fryslan.studenttheses.ub.rug.nl/id/eprint/495 |
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