Regional determinants of access to entrepreneurial finance: a conceptualisation and empirical study in Norwegian startup ecosystems

This paper presents hypotheses and a novel examination of the influence set conditional factors concerning regional industries, startup culture, ecosystem collaboration non-financial investor resources on perceived access to finance. We conducted survey 131 nascent, early-phase or mature startups founders associated with entrepreneurial ecosystems in rural urban Norway. The data were analyzed using structural equation modeling. Two main findings are that (1) open up for outside involvement at an earlier phase experience better finance (2) unrelated ventures homogenous industrial regions find it harder attract However, we found only weak, indirect effect funding, which was mediated by resources. study represents rare empirical contribution literature ecosystems, provide support feedback loops have previously been theorized literature. These issues should be considered policymakers who wish promote development.