Purpose
This paper aims to assess a method that applies scientometric and patentometric indicators in the selection process of projects by seed capital funds. There is increasing interest in technology-based enterprises, for their capacity to contribute to economic and social development. Nevertheless, in practice, there is some difficulty in assessing non-financial criteria associated with technology for the purposes of choosing investment opportunities.

Design/methodology/approach
The literature has presented various methods to instrumentalize the process of evaluation and selection of investment projects. This study focuses on an enterprise that received an investment by the largest seed capital fund in Brazil, to assess to what extent scientific and technological indicators can contribute to understanding the market potential of the firm’s technology.

Findings
The results show that the use of scientometric and patentometric indicators favors the process of judging non-financial criteria, in particular those related to technology, market, divestment and team.

Originality/value
The originality of this paper is in the evaluation of a patento-scientometric approach for the selection process of projects by seed capital funds.

http://www.emeraldinsight.com/doi/abs/10.1108/VINE-10-2014-0056

Author(s): Gustavo da Silva Motta, Rogério Hermida Quintella, Pauli Adriano de Almada Garcia
Organization(s):Universidade Federal Fluminense, Universidade Federal da Bahia
Source: VINE
Year: 2015