Financiamento para empreendedores tecnológicos : estudo de casos múltiplos no Estado de Sergipe

Abstract

Technological entrepreneurs have played an important role in economic development, assisting in growth sectors and boosting the gross domestic product. The emergence and perpetuation of technology-based companies may be favored by capture of adequate financial resources, whether in the traditional financial market, either through development institutions to strengthen research and development or through new forms of these funds. Technology companies are facing difficulties in accessing a number of prerequisites in lending in traditional financial institutions, such as transaction assurance, the organization's lifetime, terms and interest rates on loans. These companies usually do not have a very long history, or a grand past, but have prospects for a future that can be very promising. Given the importance of technology-based companies for economic development, as well as on the difficulties these companies finance their activities, the aim of this study is to investigate which sources of financing used by technology entrepreneurs in the state of Sergipe to capture the resources to develop their activities. To this end, have been held six interviews with managers of technology-based companies in the state of Sergipe in order to analyze the financing mechanisms used by them. This study is characterized as qualitative, in which the exploratory research strategy used for data collection a script for semi-structured interviews. From the analysis of the data it was possible to verify that the Sergipe TBC making little use of traditional sources of credit, and between alternative is the subsidy the most used to develop innovation projects. Angel investors are desired, but not used, may not be interested or for disagreement with the proposals received. Crowdfunding and venture capital are not part of the prospects of the companies surveyed, either through unfamiliarity as their ability to use or using the projection in the distant future, respectively. It was observed that the approval of a grant announcement allows approval in other lines of credit as working capital, financing and credit cards. It was also noted that in projects financed with subsidy there is little concern about its commercial and financial success, while also having the desire to succeed, but the product coming from this project can not receive adequate attention, and be replaced by another project of that same TBC, perhaps funded by a new of a subsidy funding. The subsidy offers the opportunity for a rapid formation of a professional team but that does not turn into a hold that team. It was noticed that one of the main difficulties of entrepreneurs is the lack of skills in commercial and administrative aspects, which are aggravated by insufficient support of incubators and technology parks. One of the most important and common difficulties for the surveyed entrepreneurs is the delay in the release of funds approved which entails the loss of the ideal time for the development and subsequent launch of innovative product.