Explaining Venture Capital And Technology Commercialization In Eu Countries Through Dynamic Modeling
Table 1:
| Country | Patents (Number of Applications) | Start-ups (Number of Firm’s Birth) | R&D Expenditure (Million Euro) | VENTURE CAPITAL Count (Number of Companies) | VENTURE CAPITAL Investment (Million Euro) |
| Austria | 1,721 | 21,494 | 7,778 | 101 | 178 |
| Belgium | 1,483 | 27,924 | 7,417 | 189 | 744 |
| Bulgaria | 18 | 46,101 | 201 | 5 | 20 |
| Czech Republic | 191 | 86,486 | 2,217 | 9 | 63 |
| Denmark | 1,256 | 15,639 | 6,890 | 133 | 759 |
| Finland | 1,345 | 23,131 | 6,519 | 231 | 447 |
| France | 8,498 | 316,195 | 42,417 | 877 | 7,307 |
| Germany | 23,235 | 255,675 | 69,550 | 1,347 | 5,472 |
| Hungary | 190 | 52,976 | 1,137 | 26 | 75 |
| Ireland | 319 | 12,477 | 2,163 | 79 | 108 |
| Italy | 4,492 | 286,429 | 18,810 | 127 | 1,716 |
| Luxembourg | 77 | 2,620 | 579 | 38 | 177 |
| Netherlands | 3,142 | 90,711 | 10,624 | 336 | 1,599 |
| Norway | 519 | 24,073 | 5,486 | 169 | 788 |
| Poland | 326 | 244,572 | 2,589 | 63 | 533 |
| Portugal | 98 | 117,702 | 2,387 | 104 | 291 |
| Romania | 39 | 65,887 | 626 | 13 | 80 |
| Spain | 1,487 | 253,629 | 13,590 | 182 | 1,749 |
| Sweden | 2,737 | 49,454 | 11,893 | 426 | 2,364 |
| Switzerland | 3,250 | 10,639 | 3,662 | 155 | 891 |
| United Kingdom | 5,276 | 246,705 | 30,802 | 911 | 19,936 |