Figure 1
Framework for Review: The Flow of Equity Financing for SMEs
This graphic is a visual representation of the classification of different forms of equity financing (Finance Agents), as well as Flow Incentives and Flow Support Systems that affect investment decisions at different stages in a SME's growth cycle. The top of the figure has seven ovals, each one containing a Finance Agent: private, angels, VCs, corporate, banks, institutional, and public. A solid line connects the primary financing agents to the various stages of development via flow incentives, a dashed line connects the secondary financing agents to the various stages of development via flow incentives, and a dotted line representing agent connects the various financing agents to each other: VCs, corporate, banks, institutional, and public.
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