Study title

Evaluation of Finnish National Innovation System 2009: Venture Capitalists

Dataset ID Number

FSD2497

Persistent identifier

urn:nbn:fi:fsd:T-FSD2497

Data Type

Quantitative

Authors

• Research Institute of the Finnish Economy (ETLA)

Abstract

The survey is part of the larger INNOEVAL survey evaluating the Finnish National Innovation System from several angles. In this study, the opinions of venture capitalists and business angels on the Finnish National Innovation System were queried.

First, the respondents were not only asked to rate the current Finnish National Innovation System (NIS), but also the NIS as it was five years ago, and the NIS as it is expected to be after five years. Their views were probed on the role of public sector actors in the Finnish NIS from their point of view. In addition, they indicated the importance of various actors (e.g. Tekes (the Finnish Funding Agency for Technology and Innovation), Sitra (the Finnish Innovation Fund), the Academy of Finland) for their organisation. The respondents were also asked to evaluate the orientation of the current Finnish innovation policy on a scale from "strong technology push" to "strong demand pull". Next, they indicated whether universities, polytechnics and public research organisations have successfully taken care of various tasks, such as international top-class research, research for the national needs, and the production of experts for the international business activities as well as for the needs of local business activities.

Views were charted on the innovation system's ability to support growth entrepreneurship. In addition, the respondents were asked whether they experienced that the NIS also promotes regional policy agendas, and whether the national innovation policy is equally effective in all regions of Finland. The respondents were asked about the importance of national and international networks on the activities of their own organisations, and they were presented with a set of attitudinal statements on the impact of the new Universities Act, the centres of strategic excellence (SHOKs), and the potential reform of publicly funded research organisations on the NIS.

The respondents were asked to characterise the innovation system against the backdrop of facilitating private business and innovation activities. Their views were also probed on the efficiency of tax incentives in increasing the number of growth companies, and whether they experienced that public actors provided similar services than their organisations. They were also asked whether they had familiarised themselves with the new national innovation strategy and the respective government communication. The effects of the global financial crisis on the projects of and the amount and quality of incoming funding applications from the companies the respondents were funding were also examined. Finally, they were asked whether governmental funding displaced or complemented their own operations.

Keywords

capital; innovation activities; innovation policy; investment return; networks; organizations

Topic Classification

• Social sciences (Fields of Science Classification)
• Economic policy, public expenditure and revenue (CESSDA Topic Classification)
• Economic systems and development (CESSDA Topic Classification)

Series

Individual datasets

Distributor

Finnish Social Science Data Archive

Access

The dataset is (B) available for research, teaching and study.

Data Collector

• Research Institute of the Finnish Economy

Data Producers

• Research Institute of the Finnish Economy
• Ministry of Education
• Ministry of Employment and the Economy

Time Period Covered

2009

Collection Dates

2009-05-26 – 2009-06-08

Nation

Finland

Geographical Coverage

Finland

Analysis/Observation Unit Type

Event/Process/Activity

Organization/Institution

Universe

The member organisations of the Finnish Venture Capitalist Association and members in the business angel network organised by Veraventure.

Time Method

Cross-section

Sampling Procedure

Total universe/Complete enumeration

Venture capitalists were reached through the Finnish Venture Capitalist Association. Members of the business angel network organised by Veraventure were asked to respond to the survey in their May 2009 meeting. The target population of both venture capitalists and business angels was 40 in total.

Collection Mode

Self-administered questionnaire: Web-based (CAWI)

Research Instrument

Structured questionnaire

Response Rate

27.5

Data File Language

Downloaded data package may contain different language versions of the same files.

The data files of this dataset are available in the following languages: Finnish.

FSD translates quantitative data into English on request, free of charge. More information on ordering data translation.

Data Version

1.0

Related Datasets

FSD2488 Evaluation of Finnish National Innovation System 2009: Firms

FSD2489 Evaluation of Finnish National Innovation System 2009: Public Actors

FSD2490 Evaluation of Finnish National Innovation System 2009: Intermediaries

FSD2491 Evaluation of Finnish National Innovation System 2009: Research Organisations

FSD2492 Evaluation of Finnish National Innovation System 2009: University Departments

FSD2493 Evaluation of Finnish National Innovation System 2009: Rectors

FSD2494 Evaluation of Finnish National Innovation System 2009: Foundations

FSD2495 Evaluation of Finnish National Innovation System 2009: Associations

FSD2496 Evaluation of Finnish National Innovation System 2009: Municipalities

FSD2498 Evaluation of Finnish National Innovation System 2009: Banks

Weighting

There are no weight variables in the data.

Citation Requirement

The data and its creators shall be cited in all publications and presentations for which the data have been used. The bibliographic citation may be in the form suggested by the archive or in the form required by the publication.

Bibliographical Citation

Research Institute of the Finnish Economy (ETLA): Evaluation of Finnish National Innovation System 2009: Venture Capitalists [dataset]. Version 1.0 (2010-03-01). Finnish Social Science Data Archive [distributor]. https://urn.fi/urn:nbn:fi:fsd:T-FSD2497

Deposit Requirement

Notify FSD of all publications where you have used the data by sending the citation information to user-services.fsd@tuni.fi.

Disclaimer

The original data creators and the archive bear no responsibility for any results or interpretations arising from the reuse of the data.

Related Materials

Kotiranta, Annu & Nikulainen, Tuomo & Tahvanainen, Antti-Jussi & Deschryvere, Matthias & Pajarinen, Mika (2009). Evaluating National Innovation Systems - Key Insights from the Finnish INNOEVAL Survey [verkkodokumentti]. Helsinki : Elinkeinoelämän tutkimuslaitos. Saatavissa http://www.tem.fi/files/24936/ETLA_DP_1196.pdf [viitattu 26.02.2010].

Related Publications

Veugelers, Reinhilde & Aiginger, Karl & Breznitz, Dan & Edquist, Charles & Murray, Gordon & Ottaviano, Gianmarco & Hyytinen, Ari & Kangasharju, Aki & Ketokivi, Mikko & Luukkonen, Terttu & Maliranta, Mika & Maula, Markku & Okko, Paavo & Rouvinen, Petri & Sotarauta, Markku & Tanayama, Tanja & Toivanen, Otto & Ylä-Anttila, Pekka (2009a). Evaluation of the Finnish National Innovation System - Full Report. Helsinki: Taloustieto Oy. Saatavissa: http://www.tem.fi/files/24929/InnoEvalFi_FULL_Report_28_Oct_2009.pdf [viitattu 10.02.2010]

Veugelers, Reinhilde & Aiginger, Karl & Breznitz, Dan & Edquist, Charles & Murray, Gordon & Ottaviano, Gianmarco & Hyytinen, Ari & Kangasharju, Aki & Ketokivi, Mikko & Luukkonen, Terttu & Maliranta, Mika & Maula, Markku & Okko, Paavo & Rouvinen, Petri & Sotarauta, Markku & Tanayama, Tanja & Toivanen, Otto & Ylä-Anttila, Pekka (2009b): Evaluation of the Finnish National Innovation System - Policy Report. Helsinki: Taloustieto Oy. Saatavissa: http://www.tem.fi/files/24928/InnoEvalFi_POLICY_Report_28_Oct_2009.pdf [viitattu 10.02.2010]

Kotiranta, Annu & Nikulainen, Tuomo & Tahvanainen, Antti-Jussi & Deschryvere, Matthias & Pajarinen, Mika (2009). Evaluating National Innovation Systems - Key Insights from the Finnish INNOEVAL Survey [verkkodokumentti]. Helsinki: Elinkeinoelämän tutkimuslaitos. Saatavissa http://www.tem.fi/files/24936/ETLA_DP_1196.pdf [viitattu 28.01.2010].