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Paper info: The Entrepreneurial Imagination and the Impact of Context on the Development of a New Venture

Title


The Entrepreneurial Imagination and the Impact of Context on the Development of a New Venture

Authors


Andrew Keating
University College Dublin
Ireland
Andrew Keating and
Damien McLoughlin
University College Dublin
Ireland
Damien McLoughlin

Place of Publication


The paper was published at the 25th IMP-conference in Marseille, France in 2009.

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Abstract


This paper sets out to empirically explore the impact of a new venture's context on the development of a new venture. The study consists of a single case study based on a new venture attempting to exploit an opportunity in the Life Sciences and charts the impact that the context, in particular actors in the context that the venture are trying to gain resources from, have upon the plans, activities and resources developed by this nascent firm. Spanning the time period of 1999-2006 this case outlines four periods of development of the venture. This accounts for the initial plans of the venture, their struggle to gain venture financing, the development of the venture's technological resources and attempts to create commercial relationships. The study shows the impact that institutions used in a context have on this venture leading to, amongst other things, the discovery of IP, finding a CEO, and developing a product line. The paper contributes to the IMP through its focus on new ventures and by exploring ventures prior to fully entering into commercial relationships.