14. Evidence
Excessive entry
Low survival & churn
Skewed performance
US v EU
Not >> entrepre or innovation
Faster growth
Faster entry into new industries,
Universities & Scale
16. Theory “Schumpeter”
Confuses invention (an event) with
innovation (a long term process)
New, small firms maybe at a
disadvantage
Lifecycle technology not same as
firms
17. Encouraging market entry
Excessive churn
Subsidies little effect
Demand side constraints
Thin markets
18. Growth not Entry constrained
Quality not quantity matters
High growth very difficult
BM innovation to capture value
Raising performance of long tail
19. Policy
Realism in enterprise policy
Alignment with market needs
Upgrade quality
Universities ‘talent not technology’
Competition policy
21. Conclusions
Realism
Better not more entrepreneurship
Skewed performance
Innovation & upgrading (diffusion)
Value capture not just value creation