The creation of new firms: empirical evidences and policy repercussions from Cape, Prof. VerdeAntónio Carrizo Moreira
Professor António Carrizo Moreira
University of Aveiro
Portugal
Abstract: This chapter aims, on the one hand, to characterise the profile of Cape Verde entrepreneurs and their business firms and, on the other hand, to address the policy implications for entrepreneurship in developing, catch-up countries.
The study was carried out in Praia City, Cape Verde, where 70 business firms were analysed. The Cape Verde entrepreneurs are typically males who are inexperienced, unsatisfied with their former employers, understaffed, underbudgeted and looking for their financial. In order to catch up, entrepreneurial policies should take into account the country’s stage of development and focus on the development of Entrepreneurial Support Organisations (ESOs) to foster networking and mentor the incubation of new firms. The findings of this first exploratory study about Cape Verde entrepreneurs hopes to help in the development of an entrepreneurialinfrastructure in Cape Verde.
Ciations:Moreira, A. C. (2011). The creation of new firms: empirical evidences and policy repercussions from Cape.In Nwanko, S. and Ahmed, A. (Eds.). In African Entrepreneurship in Global Context: Enterprise Solutions to Sustainable Development, Vol. 2,pp. 83–94. WASD: Brighton, United Kingdom.
