Incidencia del financiamiento en las distintas etapas del ciclo de vida de los emprendimientos en el Ecuador.

Abstract

The Global Entrepreneurship Monitor (GEM), through its annual evaluation of the entrepreneurial environment around the world, shows that, in developing and emerging economies, the entrepreneurial intention is high, as is the case in Ecuador, whose total early-stage entrepreneurship activity (TEA) has remained in the first place in recent years. However, the national expert surveys, which are part of the GEM studies consistently indicate, in each period, that access to financing is a barrier that entrepreneurs must face in our country. The objective of this research is to determine the incidence of financing in the different stages of the life cycle of the entrepreneurships in Ecuador. The methodology contemplates the execution of an applied research, with nonexperimental and transversal design, of exploratory type; through the qualitative indepth interview technique, carried out on a non-probabilistic sample of experts and entrepreneurs. The main findings of this research reveal that entrepreneurs have difficulties in obtaining financing, and other problems such as lack of market information, complex bureaucratic procedures and lack of technical knowledge to develop a business proposal. Finally, the proposal presented consists of a guide that helps entrepreneurs to improve their chances of accessing financing, and proposals for the legal framework related to this point.