000021196 001__ 21196
000021196 005__ 20180121173644.0
000021196 037__ $$a379-2016-21689
000021196 041__ $$aen
000021196 245__ $$aAn Analysis of Financing Innovation and Commercialization in Canada's Functional Food and Nutraceutical Sector
000021196 260__ $$c2006
000021196 269__ $$a2006
000021196 270__ $$mjcranfie@uoguelph.ca$$pCranfield,   John
000021196 270__ $$mdherath@uoguelph.ca$$pHerath,   Deepananda
000021196 270__ $$mshenson@uoguelph.ca$$pHenson,   Spencer
000021196 270__ $$mdsparlin@uoguelph.ca$$pSparling,   Dave
000021196 300__ $$a37
000021196 336__ $$aConference Paper/ Presentation
000021196 446__ $$aEnglish
000021196 490__ $$aSelected Paper
000021196 520__ $$aGrowing consumer interest in functional foods and nutraceuticals has been seen as a significant business opportunity for the agri-food sector.  Many of the new firms in this sector are small and medium sized enterprises (SMEs).  These SMEs often face difficulties in obtaining financing for their functional food and nutraceutical innovation activities.  We develop and implement two models to show what factors affect a firm's decision to seek external financing and the level of financing obtained.  Firm size, being privately held and engaging in contractual arrangements, have negative impacts on the likelihood of a firm seeking external funding, while firms which are intensively involved in the functional food and nutraceutical sector, with greater prospects for business expansion and/or are involved in partnerships are more likely to seek external financing.  Larger firms and those involved in functional food and nutraceutical research and development receive a greater amount of capital when they decided to raise capital.  However, firms focused on functional foods and nutraceuticals, as opposed to more diversified firms, and those involved in product development and concept scale-up receive less capital.  Our findings highlight the importance of public support in addressing the capital requirements of functional food and nutraceutical firms and underscore the considerable burden in this respect borne by smaller sized firms.
000021196 650__ $$aAgribusiness
000021196 700__ $$aCranfield, John A.L.
000021196 700__ $$aHerath, Deepananda P.B.
000021196 700__ $$aHenson, Spencer J.
000021196 700__ $$aSparling, David
000021196 8564_ $$s482938$$uhttps://ageconsearch.umn.edu/record/21196/files/sp06cr01.pdf
000021196 887__ $$ahttp://purl.umn.edu/21196
000021196 909CO $$ooai:ageconsearch.umn.edu:21196$$pGLOBAL_SET
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  Previous issue date: 2006
000021196 982__ $$gAmerican Agricultural Economics Association>2006 Annual meeting, July 23-26, Long Beach, CA
000021196 980__ $$a379