id	sid	tid	token	lemma	pos
fbem-27776	1	1	frontiers	frontier	NOUN
fbem-27776	1	2	in	in	ADP
fbem-27776	1	3	business	business	NOUN
fbem-27776	1	4	,	,	PUNCT
fbem-27776	1	5	economics	economic	NOUN
fbem-27776	1	6	and	and	CCONJ
fbem-27776	1	7	management	management	NOUN
fbem-27776	1	8	issn	issn	PROPN
fbem-27776	1	9	:	:	PUNCT
fbem-27776	1	10	2766	2766	NUM
fbem-27776	1	11	-	-	PUNCT
fbem-27776	1	12	824x	824x	NUM
fbem-27776	1	13	|	|	ADJ
fbem-27776	1	14	vol	vol	NOUN
fbem-27776	1	15	.	.	PROPN
fbem-27776	1	16	17	17	NUM
fbem-27776	1	17	,	,	PUNCT
fbem-27776	1	18	no	no	INTJ
fbem-27776	1	19	.	.	NOUN
fbem-27776	1	20	2	2	NUM
fbem-27776	1	21	,	,	PUNCT
fbem-27776	1	22	2024	2024	NUM
fbem-27776	1	23	437	437	NUM
fbem-27776	1	24	the	the	DET
fbem-27776	1	25	impact	impact	NOUN
fbem-27776	1	26	of	of	ADP
fbem-27776	1	27	venture	venture	NOUN
fbem-27776	1	28	capital	capital	NOUN
fbem-27776	1	29	on	on	ADP
fbem-27776	1	30	the	the	DET
fbem-27776	1	31	survival	survival	NOUN
fbem-27776	1	32	rate	rate	NOUN
fbem-27776	1	33	of	of	ADP
fbem-27776	1	34	startups	startup	NOUN
fbem-27776	1	35	:	:	PUNCT
fbem-27776	1	36	an	an	DET
fbem-27776	1	37	empirical	empirical	ADJ
fbem-27776	1	38	analysis	analysis	NOUN
fbem-27776	1	39	based	base	VERB
fbem-27776	1	40	on	on	ADP
fbem-27776	1	41	industry	industry	NOUN
fbem-27776	1	42	data	datum	NOUN
fbem-27776	1	43	zhengxiao	zhengxiao	NOUN
fbem-27776	1	44	guo	guo	PROPN
fbem-27776	1	45	school	school	PROPN
fbem-27776	1	46	of	of	ADP
fbem-27776	1	47	business	business	NOUN
fbem-27776	1	48	,	,	PUNCT
fbem-27776	1	49	shandong	shandong	PROPN
fbem-27776	1	50	university	university	PROPN
fbem-27776	1	51	,	,	PUNCT
fbem-27776	1	52	weihai	weihai	PROPN
fbem-27776	1	53	,	,	PUNCT
fbem-27776	1	54	shandong	shandong	PROPN
fbem-27776	1	55	,	,	PUNCT
fbem-27776	1	56	264209	264209	NUM
fbem-27776	1	57	,	,	PUNCT
fbem-27776	1	58	china	china	PROPN
fbem-27776	1	59	guozx121@outlook.com	guozx121@outlook.com	X
fbem-27776	1	60	abstract	abstract	NOUN
fbem-27776	1	61	:	:	PUNCT
fbem-27776	1	62	this	this	DET
fbem-27776	1	63	study	study	NOUN
fbem-27776	1	64	conducts	conduct	VERB
fbem-27776	1	65	an	an	DET
fbem-27776	1	66	empirical	empirical	ADJ
fbem-27776	1	67	analysis	analysis	NOUN
fbem-27776	1	68	to	to	PART
fbem-27776	1	69	explore	explore	VERB
fbem-27776	1	70	the	the	DET
fbem-27776	1	71	impact	impact	NOUN
fbem-27776	1	72	of	of	ADP
fbem-27776	1	73	venture	venture	NOUN
fbem-27776	1	74	capital	capital	NOUN
fbem-27776	1	75	on	on	ADP
fbem-27776	1	76	the	the	DET
fbem-27776	1	77	survival	survival	NOUN
fbem-27776	1	78	rate	rate	NOUN
fbem-27776	1	79	of	of	ADP
fbem-27776	1	80	startups	startup	NOUN
fbem-27776	1	81	,	,	PUNCT
fbem-27776	1	82	particularly	particularly	ADV
fbem-27776	1	83	in	in	ADP
fbem-27776	1	84	technology	technology	NOUN
fbem-27776	1	85	-	-	PUNCT
fbem-27776	1	86	intensive	intensive	ADJ
fbem-27776	1	87	and	and	CCONJ
fbem-27776	1	88	innovation	innovation	NOUN
fbem-27776	1	89	-	-	PUNCT
fbem-27776	1	90	driven	drive	VERB
fbem-27776	1	91	industries	industry	NOUN
fbem-27776	1	92	.	.	PUNCT
fbem-27776	2	1	the	the	DET
fbem-27776	2	2	results	result	NOUN
fbem-27776	2	3	show	show	VERB
fbem-27776	2	4	that	that	SCONJ
fbem-27776	2	5	venture	venture	NOUN
fbem-27776	2	6	capital	capital	NOUN
fbem-27776	2	7	has	have	VERB
fbem-27776	2	8	a	a	DET
fbem-27776	2	9	significant	significant	ADJ
fbem-27776	2	10	positive	positive	ADJ
fbem-27776	2	11	impact	impact	NOUN
fbem-27776	2	12	on	on	ADP
fbem-27776	2	13	the	the	DET
fbem-27776	2	14	survival	survival	NOUN
fbem-27776	2	15	rate	rate	NOUN
fbem-27776	2	16	of	of	ADP
fbem-27776	2	17	startups	startup	NOUN
fbem-27776	2	18	,	,	PUNCT
fbem-27776	2	19	especially	especially	ADV
fbem-27776	2	20	in	in	ADP
fbem-27776	2	21	sectors	sector	NOUN
fbem-27776	2	22	such	such	ADJ
fbem-27776	2	23	as	as	ADP
fbem-27776	2	24	information	information	NOUN
fbem-27776	2	25	technology	technology	NOUN
fbem-27776	2	26	and	and	CCONJ
fbem-27776	2	27	biopharmaceuticals	biopharmaceutical	NOUN
fbem-27776	2	28	.	.	PUNCT
fbem-27776	3	1	venture	venture	NOUN
fbem-27776	3	2	capital	capital	NOUN
fbem-27776	3	3	not	not	PART
fbem-27776	3	4	only	only	ADV
fbem-27776	3	5	provides	provide	VERB
fbem-27776	3	6	financial	financial	ADJ
fbem-27776	3	7	support	support	NOUN
fbem-27776	3	8	but	but	CCONJ
fbem-27776	3	9	also	also	ADV
fbem-27776	3	10	enhances	enhance	VERB
fbem-27776	3	11	firms	firm	NOUN
fbem-27776	3	12	'	'	PART
fbem-27776	3	13	innovation	innovation	NOUN
fbem-27776	3	14	capacity	capacity	NOUN
fbem-27776	3	15	and	and	CCONJ
fbem-27776	3	16	market	market	NOUN
fbem-27776	3	17	competitiveness	competitiveness	NOUN
fbem-27776	3	18	through	through	ADP
fbem-27776	3	19	strategic	strategic	ADJ
fbem-27776	3	20	management	management	NOUN
fbem-27776	3	21	and	and	CCONJ
fbem-27776	3	22	resource	resource	NOUN
fbem-27776	3	23	integration	integration	NOUN
fbem-27776	3	24	.	.	PUNCT
fbem-27776	4	1	moreover	moreover	ADV
fbem-27776	4	2	,	,	PUNCT
fbem-27776	4	3	the	the	DET
fbem-27776	4	4	study	study	NOUN
fbem-27776	4	5	reveals	reveal	VERB
fbem-27776	4	6	that	that	SCONJ
fbem-27776	4	7	the	the	DET
fbem-27776	4	8	effects	effect	NOUN
fbem-27776	4	9	of	of	ADP
fbem-27776	4	10	venture	venture	NOUN
fbem-27776	4	11	capital	capital	NOUN
fbem-27776	4	12	vary	vary	VERB
fbem-27776	4	13	across	across	ADP
fbem-27776	4	14	different	different	ADJ
fbem-27776	4	15	industries	industry	NOUN
fbem-27776	4	16	.	.	PUNCT
fbem-27776	5	1	high	high	ADJ
fbem-27776	5	2	-	-	PUNCT
fbem-27776	5	3	tech	tech	NOUN
fbem-27776	5	4	industries	industry	NOUN
fbem-27776	5	5	benefit	benefit	VERB
fbem-27776	5	6	the	the	DET
fbem-27776	5	7	most	most	ADJ
fbem-27776	5	8	from	from	ADP
fbem-27776	5	9	venture	venture	NOUN
fbem-27776	5	10	capital	capital	NOUN
fbem-27776	5	11	,	,	PUNCT
fbem-27776	5	12	with	with	ADP
fbem-27776	5	13	significantly	significantly	ADV
fbem-27776	5	14	higher	high	ADJ
fbem-27776	5	15	survival	survival	NOUN
fbem-27776	5	16	rates	rate	NOUN
fbem-27776	5	17	,	,	PUNCT
fbem-27776	5	18	patent	patent	NOUN
fbem-27776	5	19	applications	application	NOUN
fbem-27776	5	20	,	,	PUNCT
fbem-27776	5	21	and	and	CCONJ
fbem-27776	5	22	revenue	revenue	NOUN
fbem-27776	5	23	growth	growth	NOUN
fbem-27776	5	24	.	.	PUNCT
fbem-27776	6	1	in	in	ADP
fbem-27776	6	2	contrast	contrast	NOUN
fbem-27776	6	3	,	,	PUNCT
fbem-27776	6	4	industries	industry	NOUN
fbem-27776	6	5	like	like	ADP
fbem-27776	6	6	clean	clean	ADJ
fbem-27776	6	7	energy	energy	NOUN
fbem-27776	6	8	,	,	PUNCT
fbem-27776	6	9	with	with	ADP
fbem-27776	6	10	longer	long	ADJ
fbem-27776	6	11	investment	investment	NOUN
fbem-27776	6	12	return	return	NOUN
fbem-27776	6	13	cycles	cycle	NOUN
fbem-27776	6	14	and	and	CCONJ
fbem-27776	6	15	greater	great	ADJ
fbem-27776	6	16	market	market	NOUN
fbem-27776	6	17	uncertainty	uncertainty	NOUN
fbem-27776	6	18	,	,	PUNCT
fbem-27776	6	19	see	see	VERB
fbem-27776	6	20	relatively	relatively	ADV
fbem-27776	6	21	weaker	weak	ADJ
fbem-27776	6	22	effects	effect	NOUN
fbem-27776	6	23	.	.	PUNCT
fbem-27776	7	1	based	base	VERB
fbem-27776	7	2	on	on	ADP
fbem-27776	7	3	the	the	DET
fbem-27776	7	4	findings	finding	NOUN
fbem-27776	7	5	,	,	PUNCT
fbem-27776	7	6	policy	policy	NOUN
fbem-27776	7	7	recommendations	recommendation	NOUN
fbem-27776	7	8	are	be	AUX
fbem-27776	7	9	proposed	propose	VERB
fbem-27776	7	10	to	to	PART
fbem-27776	7	11	optimize	optimize	VERB
fbem-27776	7	12	the	the	DET
fbem-27776	7	13	venture	venture	NOUN
fbem-27776	7	14	capital	capital	NOUN
fbem-27776	7	15	environment	environment	NOUN
fbem-27776	7	16	,	,	PUNCT
fbem-27776	7	17	including	include	VERB
fbem-27776	7	18	support	support	NOUN
fbem-27776	7	19	for	for	ADP
fbem-27776	7	20	industry	industry	NOUN
fbem-27776	7	21	diversification	diversification	NOUN
fbem-27776	7	22	,	,	PUNCT
fbem-27776	7	23	fostering	foster	VERB
fbem-27776	7	24	entrepreneurial	entrepreneurial	ADJ
fbem-27776	7	25	ecosystems	ecosystem	NOUN
fbem-27776	7	26	,	,	PUNCT
fbem-27776	7	27	and	and	CCONJ
fbem-27776	7	28	encouraging	encourage	VERB
fbem-27776	7	29	investor	investor	NOUN
fbem-27776	7	30	involvement	involvement	NOUN
fbem-27776	7	31	in	in	ADP
fbem-27776	7	32	management	management	NOUN
fbem-27776	7	33	.	.	PUNCT
fbem-27776	8	1	finally	finally	ADV
fbem-27776	8	2	,	,	PUNCT
fbem-27776	8	3	future	future	ADJ
fbem-27776	8	4	research	research	NOUN
fbem-27776	8	5	directions	direction	NOUN
fbem-27776	8	6	are	be	AUX
fbem-27776	8	7	suggested	suggest	VERB
fbem-27776	8	8	to	to	PART
fbem-27776	8	9	expand	expand	VERB
fbem-27776	8	10	to	to	ADP
fbem-27776	8	11	more	more	ADJ
fbem-27776	8	12	industries	industry	NOUN
fbem-27776	8	13	,	,	PUNCT
fbem-27776	8	14	conduct	conduct	VERB
fbem-27776	8	15	cross	cross	ADJ
fbem-27776	8	16	-	-	ADJ
fbem-27776	8	17	country	country	ADJ
fbem-27776	8	18	comparisons	comparison	NOUN
fbem-27776	8	19	,	,	PUNCT
fbem-27776	8	20	and	and	CCONJ
fbem-27776	8	21	apply	apply	VERB
fbem-27776	8	22	dynamic	dynamic	ADJ
fbem-27776	8	23	analyses	analysis	NOUN
fbem-27776	8	24	to	to	PART
fbem-27776	8	25	further	far	ADV
fbem-27776	8	26	explore	explore	VERB
fbem-27776	8	27	the	the	DET
fbem-27776	8	28	long	long	ADJ
fbem-27776	8	29	-	-	PUNCT
fbem-27776	8	30	term	term	NOUN
fbem-27776	8	31	impact	impact	NOUN
fbem-27776	8	32	of	of	ADP
fbem-27776	8	33	venture	venture	NOUN
fbem-27776	8	34	capital	capital	NOUN
fbem-27776	8	35	on	on	ADP
fbem-27776	8	36	startups	startup	NOUN
fbem-27776	8	37	.	.	PUNCT
fbem-27776	9	1	keywords	keyword	NOUN
fbem-27776	9	2	:	:	PUNCT
fbem-27776	9	3	venture	venture	NOUN
fbem-27776	9	4	capital	capital	NOUN
fbem-27776	9	5	,	,	PUNCT
fbem-27776	9	6	startups	startup	NOUN
fbem-27776	9	7	,	,	PUNCT
fbem-27776	9	8	survival	survival	NOUN
fbem-27776	9	9	rate	rate	NOUN
fbem-27776	9	10	,	,	PUNCT
fbem-27776	9	11	technological	technological	ADJ
fbem-27776	9	12	innovation	innovation	NOUN
fbem-27776	9	13	,	,	PUNCT
fbem-27776	9	14	industry	industry	NOUN
fbem-27776	9	15	differences	difference	NOUN
fbem-27776	9	16	.	.	PUNCT
fbem-27776	10	1	1	1	X
fbem-27776	10	2	.	.	X
fbem-27776	10	3	introduction	introduction	NOUN
fbem-27776	10	4	with	with	ADP
fbem-27776	10	5	the	the	DET
fbem-27776	10	6	development	development	NOUN
fbem-27776	10	7	of	of	ADP
fbem-27776	10	8	global	global	ADJ
fbem-27776	10	9	economy	economy	NOUN
fbem-27776	10	10	,	,	PUNCT
fbem-27776	10	11	start	start	VERB
fbem-27776	10	12	-	-	PUNCT
fbem-27776	10	13	up	up	ADP
fbem-27776	10	14	companies	company	NOUN
fbem-27776	10	15	are	be	AUX
fbem-27776	10	16	playing	play	VERB
fbem-27776	10	17	an	an	DET
fbem-27776	10	18	increasingly	increasingly	ADV
fbem-27776	10	19	important	important	ADJ
fbem-27776	10	20	role	role	NOUN
fbem-27776	10	21	in	in	ADP
fbem-27776	10	22	promoting	promote	VERB
fbem-27776	10	23	technological	technological	ADJ
fbem-27776	10	24	innovation	innovation	NOUN
fbem-27776	10	25	,	,	PUNCT
fbem-27776	10	26	promoting	promote	VERB
fbem-27776	10	27	economic	economic	ADJ
fbem-27776	10	28	growth	growth	NOUN
fbem-27776	10	29	and	and	CCONJ
fbem-27776	10	30	coping	cope	VERB
fbem-27776	10	31	with	with	ADP
fbem-27776	10	32	employment	employment	NOUN
fbem-27776	10	33	challenges	challenge	NOUN
fbem-27776	10	34	[	[	X
fbem-27776	10	35	1	1	NUM
fbem-27776	10	36	]	]	PUNCT
fbem-27776	10	37	.	.	PUNCT
fbem-27776	11	1	although	although	SCONJ
fbem-27776	11	2	these	these	DET
fbem-27776	11	3	companies	company	NOUN
fbem-27776	11	4	usually	usually	ADV
fbem-27776	11	5	have	have	VERB
fbem-27776	11	6	strong	strong	ADJ
fbem-27776	11	7	innovation	innovation	NOUN
fbem-27776	11	8	ability	ability	NOUN
fbem-27776	11	9	,	,	PUNCT
fbem-27776	11	10	they	they	PRON
fbem-27776	11	11	also	also	ADV
fbem-27776	11	12	face	face	VERB
fbem-27776	11	13	survival	survival	NOUN
fbem-27776	11	14	difficulties	difficulty	NOUN
fbem-27776	11	15	such	such	ADJ
fbem-27776	11	16	as	as	ADP
fbem-27776	11	17	insufficient	insufficient	ADJ
fbem-27776	11	18	funds	fund	NOUN
fbem-27776	11	19	and	and	CCONJ
fbem-27776	11	20	fierce	fierce	ADJ
fbem-27776	11	21	market	market	NOUN
fbem-27776	11	22	competition	competition	NOUN
fbem-27776	11	23	.	.	PUNCT
fbem-27776	12	1	venture	venture	NOUN
fbem-27776	12	2	capital	capital	NOUN
fbem-27776	12	3	(	(	PUNCT
fbem-27776	12	4	vc	vc	NOUN
fbem-27776	12	5	)	)	PUNCT
fbem-27776	12	6	,	,	PUNCT
fbem-27776	12	7	as	as	ADP
fbem-27776	12	8	an	an	DET
fbem-27776	12	9	external	external	ADJ
fbem-27776	12	10	financing	financing	NOUN
fbem-27776	12	11	method	method	NOUN
fbem-27776	12	12	,	,	PUNCT
fbem-27776	12	13	provides	provide	VERB
fbem-27776	12	14	funds	fund	NOUN
fbem-27776	12	15	and	and	CCONJ
fbem-27776	12	16	management	management	NOUN
fbem-27776	12	17	guidance	guidance	NOUN
fbem-27776	12	18	for	for	ADP
fbem-27776	12	19	start	start	NOUN
fbem-27776	12	20	-	-	PUNCT
fbem-27776	12	21	ups	up	NOUN
fbem-27776	12	22	to	to	PART
fbem-27776	12	23	help	help	VERB
fbem-27776	12	24	them	they	PRON
fbem-27776	12	25	grow	grow	VERB
fbem-27776	12	26	rapidly	rapidly	ADV
fbem-27776	12	27	[	[	X
fbem-27776	12	28	2	2	NUM
fbem-27776	12	29	]	]	PUNCT
fbem-27776	12	30	.	.	PUNCT
fbem-27776	13	1	in	in	ADP
fbem-27776	13	2	addition	addition	NOUN
fbem-27776	13	3	to	to	ADP
fbem-27776	13	4	capital	capital	NOUN
fbem-27776	13	5	,	,	PUNCT
fbem-27776	13	6	venture	venture	NOUN
fbem-27776	13	7	capital	capital	NOUN
fbem-27776	13	8	also	also	ADV
fbem-27776	13	9	enhances	enhance	VERB
fbem-27776	13	10	the	the	DET
fbem-27776	13	11	company	company	NOUN
fbem-27776	13	12	's	's	PART
fbem-27776	13	13	market	market	NOUN
fbem-27776	13	14	competitiveness	competitiveness	NOUN
fbem-27776	13	15	through	through	ADP
fbem-27776	13	16	strategic	strategic	ADJ
fbem-27776	13	17	support	support	NOUN
fbem-27776	13	18	and	and	CCONJ
fbem-27776	13	19	resource	resource	NOUN
fbem-27776	13	20	integration	integration	NOUN
fbem-27776	13	21	[	[	X
fbem-27776	13	22	3	3	NUM
fbem-27776	13	23	]	]	PUNCT
fbem-27776	13	24	.	.	PUNCT
fbem-27776	14	1	in	in	ADP
fbem-27776	14	2	recent	recent	ADJ
fbem-27776	14	3	years	year	NOUN
fbem-27776	14	4	,	,	PUNCT
fbem-27776	14	5	with	with	ADP
fbem-27776	14	6	the	the	DET
fbem-27776	14	7	rapid	rapid	ADJ
fbem-27776	14	8	development	development	NOUN
fbem-27776	14	9	of	of	ADP
fbem-27776	14	10	capital	capital	NOUN
fbem-27776	14	11	market	market	NOUN
fbem-27776	14	12	,	,	PUNCT
fbem-27776	14	13	venture	venture	NOUN
fbem-27776	14	14	capital	capital	NOUN
fbem-27776	14	15	has	have	AUX
fbem-27776	14	16	become	become	VERB
fbem-27776	14	17	a	a	DET
fbem-27776	14	18	key	key	ADJ
fbem-27776	14	19	factor	factor	NOUN
fbem-27776	14	20	for	for	ADP
fbem-27776	14	21	the	the	DET
fbem-27776	14	22	survival	survival	NOUN
fbem-27776	14	23	and	and	CCONJ
fbem-27776	14	24	development	development	NOUN
fbem-27776	14	25	of	of	ADP
fbem-27776	14	26	startup	startup	NOUN
fbem-27776	14	27	companies	company	NOUN
fbem-27776	14	28	[	[	X
fbem-27776	14	29	4	4	NUM
fbem-27776	14	30	]	]	PUNCT
fbem-27776	14	31	.	.	PUNCT
fbem-27776	15	1	in	in	ADP
fbem-27776	15	2	technology	technology	NOUN
fbem-27776	15	3	-	-	PUNCT
fbem-27776	15	4	intensive	intensive	ADJ
fbem-27776	15	5	industries	industry	NOUN
fbem-27776	15	6	,	,	PUNCT
fbem-27776	15	7	the	the	DET
fbem-27776	15	8	support	support	NOUN
fbem-27776	15	9	of	of	ADP
fbem-27776	15	10	venture	venture	NOUN
fbem-27776	15	11	capital	capital	NOUN
fbem-27776	15	12	is	be	AUX
fbem-27776	15	13	particularly	particularly	ADV
fbem-27776	15	14	important	important	ADJ
fbem-27776	15	15	,	,	PUNCT
fbem-27776	15	16	which	which	PRON
fbem-27776	15	17	helps	help	VERB
fbem-27776	15	18	enterprises	enterprise	NOUN
fbem-27776	15	19	overcome	overcome	VERB
fbem-27776	15	20	technical	technical	ADJ
fbem-27776	15	21	obstacles	obstacle	NOUN
fbem-27776	15	22	and	and	CCONJ
fbem-27776	15	23	expand	expand	VERB
fbem-27776	15	24	the	the	DET
fbem-27776	15	25	market	market	NOUN
fbem-27776	15	26	.	.	PUNCT
fbem-27776	16	1	however	however	ADV
fbem-27776	16	2	,	,	PUNCT
fbem-27776	16	3	although	although	SCONJ
fbem-27776	16	4	the	the	DET
fbem-27776	16	5	importance	importance	NOUN
fbem-27776	16	6	of	of	ADP
fbem-27776	16	7	venture	venture	NOUN
fbem-27776	16	8	capital	capital	NOUN
fbem-27776	16	9	is	be	AUX
fbem-27776	16	10	widely	widely	ADV
fbem-27776	16	11	recognized	recognize	VERB
fbem-27776	16	12	,	,	PUNCT
fbem-27776	16	13	its	its	PRON
fbem-27776	16	14	specific	specific	ADJ
fbem-27776	16	15	impact	impact	NOUN
fbem-27776	16	16	on	on	ADP
fbem-27776	16	17	the	the	DET
fbem-27776	16	18	survival	survival	NOUN
fbem-27776	16	19	rate	rate	NOUN
fbem-27776	16	20	of	of	ADP
fbem-27776	16	21	startup	startup	NOUN
fbem-27776	16	22	companies	company	NOUN
fbem-27776	16	23	is	be	AUX
fbem-27776	16	24	still	still	ADV
fbem-27776	16	25	controversial	controversial	ADJ
fbem-27776	16	26	.	.	PUNCT
fbem-27776	17	1	startups	startup	NOUN
fbem-27776	17	2	in	in	ADP
fbem-27776	17	3	different	different	ADJ
fbem-27776	17	4	fields	field	NOUN
fbem-27776	17	5	and	and	CCONJ
fbem-27776	17	6	stages	stage	NOUN
fbem-27776	17	7	of	of	ADP
fbem-27776	17	8	development	development	NOUN
fbem-27776	17	9	may	may	AUX
fbem-27776	17	10	face	face	VERB
fbem-27776	17	11	different	different	ADJ
fbem-27776	17	12	impacts	impact	NOUN
fbem-27776	17	13	.	.	PUNCT
fbem-27776	18	1	the	the	DET
fbem-27776	18	2	purpose	purpose	NOUN
fbem-27776	18	3	of	of	ADP
fbem-27776	18	4	this	this	DET
fbem-27776	18	5	study	study	NOUN
fbem-27776	18	6	is	be	AUX
fbem-27776	18	7	to	to	PART
fbem-27776	18	8	analyze	analyze	VERB
fbem-27776	18	9	the	the	DET
fbem-27776	18	10	specific	specific	ADJ
fbem-27776	18	11	impact	impact	NOUN
fbem-27776	18	12	of	of	ADP
fbem-27776	18	13	venture	venture	NOUN
fbem-27776	18	14	capital	capital	NOUN
fbem-27776	18	15	on	on	ADP
fbem-27776	18	16	the	the	DET
fbem-27776	18	17	survival	survival	NOUN
fbem-27776	18	18	rate	rate	NOUN
fbem-27776	18	19	of	of	ADP
fbem-27776	18	20	startup	startup	NOUN
fbem-27776	18	21	companies	company	NOUN
fbem-27776	18	22	through	through	ADP
fbem-27776	18	23	industry	industry	NOUN
fbem-27776	18	24	data	datum	NOUN
fbem-27776	18	25	,	,	PUNCT
fbem-27776	18	26	and	and	CCONJ
fbem-27776	18	27	to	to	PART
fbem-27776	18	28	explore	explore	VERB
fbem-27776	18	29	its	its	PRON
fbem-27776	18	30	changes	change	NOUN
fbem-27776	18	31	in	in	ADP
fbem-27776	18	32	different	different	ADJ
fbem-27776	18	33	fields	field	NOUN
fbem-27776	18	34	.	.	PUNCT
fbem-27776	19	1	through	through	ADP
fbem-27776	19	2	empirical	empirical	ADJ
fbem-27776	19	3	analysis	analysis	NOUN
fbem-27776	19	4	,	,	PUNCT
fbem-27776	19	5	this	this	DET
fbem-27776	19	6	study	study	NOUN
fbem-27776	19	7	will	will	AUX
fbem-27776	19	8	reveal	reveal	VERB
fbem-27776	19	9	whether	whether	SCONJ
fbem-27776	19	10	venture	venture	NOUN
fbem-27776	19	11	capital	capital	NOUN
fbem-27776	19	12	can	can	AUX
fbem-27776	19	13	significantly	significantly	ADV
fbem-27776	19	14	improve	improve	VERB
fbem-27776	19	15	the	the	DET
fbem-27776	19	16	survival	survival	NOUN
fbem-27776	19	17	rate	rate	NOUN
fbem-27776	19	18	of	of	ADP
fbem-27776	19	19	startup	startup	NOUN
fbem-27776	19	20	companies	company	NOUN
fbem-27776	19	21	,	,	PUNCT
fbem-27776	19	22	and	and	CCONJ
fbem-27776	19	23	provide	provide	VERB
fbem-27776	19	24	valuable	valuable	ADJ
fbem-27776	19	25	insights	insight	NOUN
fbem-27776	19	26	for	for	ADP
fbem-27776	19	27	policy	policy	NOUN
fbem-27776	19	28	makers	maker	NOUN
fbem-27776	19	29	,	,	PUNCT
fbem-27776	19	30	investors	investor	NOUN
fbem-27776	19	31	and	and	CCONJ
fbem-27776	19	32	entrepreneurs	entrepreneur	NOUN
fbem-27776	19	33	.	.	PUNCT
fbem-27776	20	1	2	2	X
fbem-27776	20	2	.	.	X
fbem-27776	20	3	literature	literature	NOUN
fbem-27776	20	4	review	review	VERB
fbem-27776	20	5	2.1	2.1	NUM
fbem-27776	20	6	.	.	PUNCT
fbem-27776	21	1	the	the	DET
fbem-27776	21	2	concept	concept	NOUN
fbem-27776	21	3	and	and	CCONJ
fbem-27776	21	4	characteristics	characteristic	NOUN
fbem-27776	21	5	of	of	ADP
fbem-27776	21	6	venture	venture	NOUN
fbem-27776	21	7	capital	capital	NOUN
fbem-27776	21	8	venture	venture	NOUN
fbem-27776	21	9	capital	capital	NOUN
fbem-27776	21	10	(	(	PUNCT
fbem-27776	21	11	vc	vc	NOUN
fbem-27776	21	12	)	)	PUNCT
fbem-27776	21	13	means	mean	VERB
fbem-27776	21	14	that	that	SCONJ
fbem-27776	21	15	investors	investor	NOUN
fbem-27776	21	16	provide	provide	VERB
fbem-27776	21	17	funds	fund	NOUN
fbem-27776	21	18	to	to	ADP
fbem-27776	21	19	startups	startup	NOUN
fbem-27776	21	20	with	with	ADP
fbem-27776	21	21	high	high	ADJ
fbem-27776	21	22	growth	growth	NOUN
fbem-27776	21	23	potential	potential	NOUN
fbem-27776	21	24	in	in	ADP
fbem-27776	21	25	exchange	exchange	NOUN
fbem-27776	21	26	for	for	ADP
fbem-27776	21	27	their	their	PRON
fbem-27776	21	28	equity	equity	NOUN
fbem-27776	21	29	.	.	PUNCT
fbem-27776	22	1	venture	venture	NOUN
fbem-27776	22	2	capital	capital	NOUN
fbem-27776	22	3	mainly	mainly	ADV
fbem-27776	22	4	focuses	focus	VERB
fbem-27776	22	5	on	on	ADP
fbem-27776	22	6	emerging	emerge	VERB
fbem-27776	22	7	technologies	technology	NOUN
fbem-27776	22	8	and	and	CCONJ
fbem-27776	22	9	innovative	innovative	ADJ
fbem-27776	22	10	products	product	NOUN
fbem-27776	22	11	or	or	CCONJ
fbem-27776	22	12	services	service	NOUN
fbem-27776	22	13	,	,	PUNCT
fbem-27776	22	14	and	and	CCONJ
fbem-27776	22	15	usually	usually	ADV
fbem-27776	22	16	has	have	VERB
fbem-27776	22	17	the	the	DET
fbem-27776	22	18	characteristics	characteristic	NOUN
fbem-27776	22	19	of	of	ADP
fbem-27776	22	20	high	high	ADJ
fbem-27776	22	21	risk	risk	NOUN
fbem-27776	22	22	and	and	CCONJ
fbem-27776	22	23	high	high	ADJ
fbem-27776	22	24	return	return	NOUN
fbem-27776	22	25	.	.	PUNCT
fbem-27776	23	1	because	because	SCONJ
fbem-27776	23	2	start	start	NOUN
fbem-27776	23	3	-	-	PUNCT
fbem-27776	23	4	ups	up	NOUN
fbem-27776	23	5	are	be	AUX
fbem-27776	23	6	in	in	ADP
fbem-27776	23	7	the	the	DET
fbem-27776	23	8	early	early	ADJ
fbem-27776	23	9	stage	stage	NOUN
fbem-27776	23	10	of	of	ADP
fbem-27776	23	11	development	development	NOUN
fbem-27776	23	12	and	and	CCONJ
fbem-27776	23	13	face	face	VERB
fbem-27776	23	14	a	a	DET
fbem-27776	23	15	high	high	ADJ
fbem-27776	23	16	probability	probability	NOUN
fbem-27776	23	17	of	of	ADP
fbem-27776	23	18	failure	failure	NOUN
fbem-27776	23	19	,	,	PUNCT
fbem-27776	23	20	this	this	PRON
fbem-27776	23	21	makes	make	VERB
fbem-27776	23	22	venture	venture	NOUN
fbem-27776	23	23	capital	capital	NOUN
fbem-27776	23	24	have	have	VERB
fbem-27776	23	25	certain	certain	ADJ
fbem-27776	23	26	risks	risk	NOUN
fbem-27776	23	27	.	.	PUNCT
fbem-27776	24	1	however	however	ADV
fbem-27776	24	2	,	,	PUNCT
fbem-27776	24	3	once	once	SCONJ
fbem-27776	24	4	the	the	DET
fbem-27776	24	5	venture	venture	NOUN
fbem-27776	24	6	is	be	AUX
fbem-27776	24	7	successful	successful	ADJ
fbem-27776	24	8	,	,	PUNCT
fbem-27776	24	9	investors	investor	NOUN
fbem-27776	24	10	can	can	AUX
fbem-27776	24	11	get	get	VERB
fbem-27776	24	12	rich	rich	ADJ
fbem-27776	24	13	returns	return	NOUN
fbem-27776	24	14	through	through	ADP
fbem-27776	24	15	initial	initial	ADJ
fbem-27776	24	16	public	public	ADJ
fbem-27776	24	17	offering	offering	NOUN
fbem-27776	24	18	(	(	PUNCT
fbem-27776	24	19	ipo	ipo	NOUN
fbem-27776	24	20	)	)	PUNCT
fbem-27776	24	21	or	or	CCONJ
fbem-27776	24	22	mergers	merger	NOUN
fbem-27776	24	23	and	and	CCONJ
fbem-27776	24	24	acquisitions	acquisition	NOUN
fbem-27776	24	25	,	,	PUNCT
fbem-27776	24	26	thus	thus	ADV
fbem-27776	24	27	making	make	VERB
fbem-27776	24	28	venture	venture	NOUN
fbem-27776	24	29	capital	capital	NOUN
fbem-27776	24	30	an	an	DET
fbem-27776	24	31	attractive	attractive	ADJ
fbem-27776	24	32	high	high	ADJ
fbem-27776	24	33	-	-	PUNCT
fbem-27776	24	34	return	return	NOUN
fbem-27776	24	35	investment	investment	NOUN
fbem-27776	24	36	option	option	NOUN
fbem-27776	24	37	[	[	X
fbem-27776	24	38	5	5	NUM
fbem-27776	24	39	]	]	PUNCT
fbem-27776	24	40	.	.	PUNCT
fbem-27776	25	1	in	in	ADP
fbem-27776	25	2	addition	addition	NOUN
fbem-27776	25	3	,	,	PUNCT
fbem-27776	25	4	venture	venture	NOUN
fbem-27776	25	5	capitalists	capitalist	NOUN
fbem-27776	25	6	usually	usually	ADV
fbem-27776	25	7	hold	hold	VERB
fbem-27776	25	8	shares	share	NOUN
fbem-27776	25	9	in	in	ADP
fbem-27776	25	10	a	a	DET
fbem-27776	25	11	company	company	NOUN
fbem-27776	25	12	for	for	ADP
fbem-27776	25	13	a	a	DET
fbem-27776	25	14	long	long	ADJ
fbem-27776	25	15	time	time	NOUN
fbem-27776	25	16	until	until	SCONJ
fbem-27776	25	17	the	the	DET
fbem-27776	25	18	company	company	NOUN
fbem-27776	25	19	makes	make	VERB
fbem-27776	25	20	a	a	DET
fbem-27776	25	21	profit	profit	NOUN
fbem-27776	25	22	or	or	CCONJ
fbem-27776	25	23	has	have	VERB
fbem-27776	25	24	a	a	DET
fbem-27776	25	25	chance	chance	NOUN
fbem-27776	25	26	to	to	PART
fbem-27776	25	27	quit	quit	VERB
fbem-27776	25	28	.	.	PUNCT
fbem-27776	26	1	this	this	DET
fbem-27776	26	2	way	way	NOUN
fbem-27776	26	3	,	,	PUNCT
fbem-27776	26	4	venture	venture	NOUN
fbem-27776	26	5	capital	capital	NOUN
fbem-27776	26	6	is	be	AUX
fbem-27776	26	7	regarded	regard	VERB
fbem-27776	26	8	as	as	ADP
fbem-27776	26	9	a	a	DET
fbem-27776	26	10	long	long	ADJ
fbem-27776	26	11	-	-	PUNCT
fbem-27776	26	12	term	term	NOUN
fbem-27776	26	13	investment	investment	NOUN
fbem-27776	26	14	.	.	PUNCT
fbem-27776	27	1	at	at	ADP
fbem-27776	27	2	the	the	DET
fbem-27776	27	3	same	same	ADJ
fbem-27776	27	4	time	time	NOUN
fbem-27776	27	5	,	,	PUNCT
fbem-27776	27	6	venture	venture	NOUN
fbem-27776	27	7	capitalists	capitalist	NOUN
fbem-27776	27	8	not	not	PART
fbem-27776	27	9	only	only	ADV
fbem-27776	27	10	provide	provide	VERB
fbem-27776	27	11	funds	fund	NOUN
fbem-27776	27	12	,	,	PUNCT
fbem-27776	27	13	but	but	CCONJ
fbem-27776	27	14	also	also	ADV
fbem-27776	27	15	actively	actively	ADV
fbem-27776	27	16	participate	participate	VERB
fbem-27776	27	17	in	in	ADP
fbem-27776	27	18	the	the	DET
fbem-27776	27	19	company	company	NOUN
fbem-27776	27	20	's	's	PART
fbem-27776	27	21	management	management	NOUN
fbem-27776	27	22	,	,	PUNCT
fbem-27776	27	23	strategic	strategic	ADJ
fbem-27776	27	24	formulation	formulation	NOUN
fbem-27776	27	25	and	and	CCONJ
fbem-27776	27	26	operational	operational	ADJ
fbem-27776	27	27	decisionmaking	decisionmaking	NOUN
fbem-27776	27	28	,	,	PUNCT
fbem-27776	27	29	helping	help	VERB
fbem-27776	27	30	enterprises	enterprise	NOUN
fbem-27776	27	31	to	to	PART
fbem-27776	27	32	grow	grow	VERB
fbem-27776	27	33	rapidly	rapidly	ADV
fbem-27776	27	34	.	.	PUNCT
fbem-27776	28	1	venture	venture	NOUN
fbem-27776	28	2	capital	capital	NOUN
fbem-27776	28	3	is	be	AUX
fbem-27776	28	4	usually	usually	ADV
fbem-27776	28	5	divided	divide	VERB
fbem-27776	28	6	according	accord	VERB
fbem-27776	28	7	to	to	ADP
fbem-27776	28	8	the	the	DET
fbem-27776	28	9	development	development	NOUN
fbem-27776	28	10	stage	stage	NOUN
fbem-27776	28	11	of	of	ADP
fbem-27776	28	12	the	the	DET
fbem-27776	28	13	company	company	NOUN
fbem-27776	28	14	:	:	PUNCT
fbem-27776	28	15	the	the	DET
fbem-27776	28	16	investment	investment	NOUN
fbem-27776	28	17	in	in	ADP
fbem-27776	28	18	the	the	DET
fbem-27776	28	19	seed	seed	NOUN
fbem-27776	28	20	stage	stage	NOUN
fbem-27776	28	21	is	be	AUX
fbem-27776	28	22	mainly	mainly	ADV
fbem-27776	28	23	used	use	VERB
fbem-27776	28	24	for	for	ADP
fbem-27776	28	25	research	research	NOUN
fbem-27776	28	26	and	and	CCONJ
fbem-27776	28	27	development	development	NOUN
fbem-27776	28	28	and	and	CCONJ
fbem-27776	28	29	initial	initial	ADJ
fbem-27776	28	30	product	product	NOUN
fbem-27776	28	31	verification	verification	NOUN
fbem-27776	29	1	[	[	X
fbem-27776	29	2	6	6	NUM
fbem-27776	29	3	]	]	X
fbem-27776	29	4	;	;	PUNCT
fbem-27776	29	5	early	early	ADJ
fbem-27776	29	6	investment	investment	NOUN
fbem-27776	29	7	focuses	focus	VERB
fbem-27776	29	8	on	on	ADP
fbem-27776	29	9	the	the	DET
fbem-27776	29	10	market	market	NOUN
fbem-27776	29	11	expansion	expansion	NOUN
fbem-27776	29	12	of	of	ADP
fbem-27776	29	13	existing	exist	VERB
fbem-27776	29	14	basic	basic	ADJ
fbem-27776	29	15	products	product	NOUN
fbem-27776	29	16	or	or	CCONJ
fbem-27776	29	17	services	service	NOUN
fbem-27776	29	18	;	;	PUNCT
fbem-27776	29	19	growth	growth	NOUN
fbem-27776	29	20	period	period	NOUN
fbem-27776	29	21	investment	investment	NOUN
fbem-27776	29	22	aims	aim	VERB
fbem-27776	29	23	at	at	ADP
fbem-27776	29	24	increasing	increase	VERB
fbem-27776	29	25	market	market	NOUN
fbem-27776	29	26	share	share	NOUN
fbem-27776	29	27	or	or	CCONJ
fbem-27776	29	28	upgrading	upgrade	VERB
fbem-27776	29	29	technology	technology	NOUN
fbem-27776	29	30	.	.	PUNCT
fbem-27776	30	1	finally	finally	ADV
fbem-27776	30	2	,	,	PUNCT
fbem-27776	30	3	in	in	ADP
fbem-27776	30	4	the	the	DET
fbem-27776	30	5	exit	exit	NOUN
fbem-27776	30	6	stage	stage	NOUN
fbem-27776	30	7	,	,	PUNCT
fbem-27776	30	8	venture	venture	NOUN
fbem-27776	30	9	capitalists	capitalist	NOUN
fbem-27776	30	10	realize	realize	VERB
fbem-27776	30	11	their	their	PRON
fbem-27776	30	12	income	income	NOUN
fbem-27776	30	13	through	through	ADP
fbem-27776	30	14	ipo	ipo	NOUN
fbem-27776	30	15	or	or	CCONJ
fbem-27776	30	16	merger	merger	NOUN
fbem-27776	30	17	and	and	CCONJ
fbem-27776	30	18	acquisition	acquisition	NOUN
fbem-27776	30	19	.	.	PUNCT
fbem-27776	31	1	the	the	DET
fbem-27776	31	2	process	process	NOUN
fbem-27776	31	3	of	of	ADP
fbem-27776	31	4	venture	venture	NOUN
fbem-27776	31	5	capital	capital	NOUN
fbem-27776	31	6	generally	generally	ADV
fbem-27776	31	7	includes	include	VERB
fbem-27776	31	8	several	several	ADJ
fbem-27776	31	9	steps	step	NOUN
fbem-27776	31	10	:	:	PUNCT
fbem-27776	31	11	first	first	ADV
fbem-27776	31	12	,	,	PUNCT
fbem-27776	31	13	investors	investor	NOUN
fbem-27776	31	14	choose	choose	VERB
fbem-27776	31	15	projects	project	NOUN
fbem-27776	31	16	,	,	PUNCT
fbem-27776	31	17	evaluate	evaluate	VERB
fbem-27776	31	18	business	business	NOUN
fbem-27776	31	19	models	model	NOUN
fbem-27776	31	20	,	,	PUNCT
fbem-27776	31	21	market	market	NOUN
fbem-27776	31	22	potential	potential	NOUN
fbem-27776	31	23	and	and	CCONJ
fbem-27776	31	24	team	team	NOUN
fbem-27776	31	25	quality	quality	NOUN
fbem-27776	31	26	,	,	PUNCT
fbem-27776	31	27	so	so	SCONJ
fbem-27776	31	28	as	as	SCONJ
fbem-27776	31	29	to	to	PART
fbem-27776	31	30	determine	determine	VERB
fbem-27776	31	31	companies	company	NOUN
fbem-27776	31	32	with	with	ADP
fbem-27776	31	33	high	high	ADJ
fbem-27776	31	34	growth	growth	NOUN
fbem-27776	31	35	potential	potential	NOUN
fbem-27776	31	36	[	[	X
fbem-27776	31	37	7	7	NUM
fbem-27776	31	38	]	]	PUNCT
fbem-27776	31	39	;	;	PUNCT
fbem-27776	31	40	then	then	ADV
fbem-27776	31	41	,	,	PUNCT
fbem-27776	31	42	due	due	ADJ
fbem-27776	31	43	438	438	NUM
fbem-27776	31	44	diligence	diligence	NOUN
fbem-27776	31	45	is	be	AUX
fbem-27776	31	46	conducted	conduct	VERB
fbem-27776	31	47	to	to	PART
fbem-27776	31	48	analyze	analyze	VERB
fbem-27776	31	49	the	the	DET
fbem-27776	31	50	financial	financial	ADJ
fbem-27776	31	51	situation	situation	NOUN
fbem-27776	31	52	,	,	PUNCT
fbem-27776	31	53	market	market	NOUN
fbem-27776	31	54	environment	environment	NOUN
fbem-27776	31	55	and	and	CCONJ
fbem-27776	31	56	technical	technical	ADJ
fbem-27776	31	57	ability	ability	NOUN
fbem-27776	31	58	of	of	ADP
fbem-27776	31	59	the	the	DET
fbem-27776	31	60	target	target	NOUN
fbem-27776	31	61	company	company	NOUN
fbem-27776	31	62	to	to	PART
fbem-27776	31	63	confirm	confirm	VERB
fbem-27776	31	64	the	the	DET
fbem-27776	31	65	feasibility	feasibility	NOUN
fbem-27776	31	66	of	of	ADP
fbem-27776	31	67	investment	investment	NOUN
fbem-27776	31	68	.	.	PUNCT
fbem-27776	32	1	according	accord	VERB
fbem-27776	32	2	to	to	ADP
fbem-27776	32	3	the	the	DET
fbem-27776	32	4	results	result	NOUN
fbem-27776	32	5	of	of	ADP
fbem-27776	32	6	due	due	ADJ
fbem-27776	32	7	diligence	diligence	NOUN
fbem-27776	32	8	,	,	PUNCT
fbem-27776	32	9	investors	investor	NOUN
fbem-27776	32	10	make	make	VERB
fbem-27776	32	11	investment	investment	NOUN
fbem-27776	32	12	decisions	decision	NOUN
fbem-27776	32	13	,	,	PUNCT
fbem-27776	32	14	negotiate	negotiate	VERB
fbem-27776	32	15	investment	investment	NOUN
fbem-27776	32	16	terms	term	NOUN
fbem-27776	32	17	with	with	ADP
fbem-27776	32	18	the	the	DET
fbem-27776	32	19	company	company	NOUN
fbem-27776	32	20	and	and	CCONJ
fbem-27776	32	21	inject	inject	ADJ
fbem-27776	32	22	funds	fund	NOUN
fbem-27776	32	23	in	in	ADP
fbem-27776	32	24	exchange	exchange	NOUN
fbem-27776	32	25	for	for	ADP
fbem-27776	32	26	a	a	DET
fbem-27776	32	27	corresponding	corresponding	ADJ
fbem-27776	32	28	proportion	proportion	NOUN
fbem-27776	32	29	of	of	ADP
fbem-27776	32	30	shares	share	NOUN
fbem-27776	32	31	.	.	PUNCT
fbem-27776	33	1	subsequently	subsequently	ADV
fbem-27776	33	2	,	,	PUNCT
fbem-27776	33	3	venture	venture	NOUN
fbem-27776	33	4	capitalists	capitalist	NOUN
fbem-27776	33	5	enter	enter	VERB
fbem-27776	33	6	the	the	DET
fbem-27776	33	7	management	management	NOUN
fbem-27776	33	8	stage	stage	NOUN
fbem-27776	33	9	,	,	PUNCT
fbem-27776	33	10	continuously	continuously	ADV
fbem-27776	33	11	monitor	monitor	VERB
fbem-27776	33	12	the	the	DET
fbem-27776	33	13	company	company	NOUN
fbem-27776	33	14	's	's	PART
fbem-27776	33	15	operations	operation	NOUN
fbem-27776	33	16	and	and	CCONJ
fbem-27776	33	17	provide	provide	VERB
fbem-27776	33	18	necessary	necessary	ADJ
fbem-27776	33	19	resources	resource	NOUN
fbem-27776	33	20	and	and	CCONJ
fbem-27776	33	21	management	management	NOUN
fbem-27776	33	22	support	support	NOUN
fbem-27776	33	23	.	.	PUNCT
fbem-27776	34	1	finally	finally	ADV
fbem-27776	34	2	,	,	PUNCT
fbem-27776	34	3	through	through	ADP
fbem-27776	34	4	the	the	DET
fbem-27776	34	5	exit	exit	NOUN
fbem-27776	34	6	mechanism	mechanism	NOUN
fbem-27776	34	7	,	,	PUNCT
fbem-27776	34	8	investors	investor	NOUN
fbem-27776	34	9	can	can	AUX
fbem-27776	34	10	achieve	achieve	VERB
fbem-27776	34	11	returns	return	NOUN
fbem-27776	34	12	through	through	ADP
fbem-27776	34	13	ipo	ipo	NOUN
fbem-27776	34	14	or	or	CCONJ
fbem-27776	34	15	mergers	merger	NOUN
fbem-27776	34	16	and	and	CCONJ
fbem-27776	34	17	acquisitions	acquisition	NOUN
fbem-27776	34	18	.	.	PUNCT
fbem-27776	35	1	2.2	2.2	NUM
fbem-27776	35	2	.	.	PUNCT
fbem-27776	35	3	research	research	NOUN
fbem-27776	35	4	on	on	ADP
fbem-27776	35	5	the	the	DET
fbem-27776	35	6	survival	survival	NOUN
fbem-27776	35	7	rate	rate	NOUN
fbem-27776	35	8	of	of	ADP
fbem-27776	35	9	startups	startup	NOUN
fbem-27776	35	10	the	the	DET
fbem-27776	35	11	survival	survival	NOUN
fbem-27776	35	12	rate	rate	NOUN
fbem-27776	35	13	of	of	ADP
fbem-27776	35	14	start	start	NOUN
fbem-27776	35	15	-	-	PUNCT
fbem-27776	35	16	up	up	ADP
fbem-27776	35	17	companies	company	NOUN
fbem-27776	35	18	is	be	AUX
fbem-27776	35	19	affected	affect	VERB
fbem-27776	35	20	by	by	ADP
fbem-27776	35	21	many	many	ADJ
fbem-27776	35	22	factors	factor	NOUN
fbem-27776	35	23	,	,	PUNCT
fbem-27776	35	24	including	include	VERB
fbem-27776	35	25	market	market	NOUN
fbem-27776	35	26	conditions	condition	NOUN
fbem-27776	35	27	,	,	PUNCT
fbem-27776	35	28	financial	financial	ADJ
fbem-27776	35	29	support	support	NOUN
fbem-27776	35	30	,	,	PUNCT
fbem-27776	35	31	team	team	NOUN
fbem-27776	35	32	ability	ability	NOUN
fbem-27776	35	33	,	,	PUNCT
fbem-27776	35	34	technical	technical	ADJ
fbem-27776	35	35	level	level	NOUN
fbem-27776	35	36	and	and	CCONJ
fbem-27776	35	37	policy	policy	NOUN
fbem-27776	35	38	environment	environment	NOUN
fbem-27776	35	39	[	[	X
fbem-27776	35	40	8	8	NUM
fbem-27776	35	41	]	]	PUNCT
fbem-27776	35	42	.	.	PUNCT
fbem-27776	36	1	market	market	NOUN
fbem-27776	36	2	factors	factor	NOUN
fbem-27776	36	3	,	,	PUNCT
fbem-27776	36	4	such	such	ADJ
fbem-27776	36	5	as	as	ADP
fbem-27776	36	6	demand	demand	NOUN
fbem-27776	36	7	fluctuation	fluctuation	NOUN
fbem-27776	36	8	and	and	CCONJ
fbem-27776	36	9	industry	industry	NOUN
fbem-27776	36	10	competition	competition	NOUN
fbem-27776	36	11	,	,	PUNCT
fbem-27776	36	12	directly	directly	ADV
fbem-27776	36	13	affect	affect	VERB
fbem-27776	36	14	the	the	DET
fbem-27776	36	15	company	company	NOUN
fbem-27776	36	16	's	's	PART
fbem-27776	36	17	viability	viability	NOUN
fbem-27776	36	18	.	.	PUNCT
fbem-27776	37	1	usually	usually	ADV
fbem-27776	37	2	,	,	PUNCT
fbem-27776	37	3	startups	startup	NOUN
fbem-27776	37	4	in	in	ADP
fbem-27776	37	5	fast	fast	ADV
fbem-27776	37	6	-	-	PUNCT
fbem-27776	37	7	growing	grow	VERB
fbem-27776	37	8	industries	industry	NOUN
fbem-27776	37	9	have	have	VERB
fbem-27776	37	10	a	a	DET
fbem-27776	37	11	higher	high	ADJ
fbem-27776	37	12	survival	survival	NOUN
fbem-27776	37	13	rate	rate	NOUN
fbem-27776	37	14	.	.	PUNCT
fbem-27776	38	1	financial	financial	ADJ
fbem-27776	38	2	support	support	NOUN
fbem-27776	38	3	is	be	AUX
fbem-27776	38	4	very	very	ADV
fbem-27776	38	5	important	important	ADJ
fbem-27776	38	6	for	for	ADP
fbem-27776	38	7	the	the	DET
fbem-27776	38	8	development	development	NOUN
fbem-27776	38	9	of	of	ADP
fbem-27776	38	10	enterprises	enterprise	NOUN
fbem-27776	38	11	,	,	PUNCT
fbem-27776	38	12	and	and	CCONJ
fbem-27776	38	13	the	the	DET
fbem-27776	38	14	diversity	diversity	NOUN
fbem-27776	38	15	and	and	CCONJ
fbem-27776	38	16	scale	scale	NOUN
fbem-27776	38	17	of	of	ADP
fbem-27776	38	18	financing	financing	NOUN
fbem-27776	38	19	channels	channel	NOUN
fbem-27776	38	20	are	be	AUX
fbem-27776	38	21	directly	directly	ADV
fbem-27776	38	22	related	relate	VERB
fbem-27776	38	23	to	to	ADP
fbem-27776	38	24	the	the	DET
fbem-27776	38	25	company	company	NOUN
fbem-27776	38	26	's	's	PART
fbem-27776	38	27	ability	ability	NOUN
fbem-27776	38	28	to	to	PART
fbem-27776	38	29	cope	cope	VERB
fbem-27776	38	30	with	with	ADP
fbem-27776	38	31	financial	financial	ADJ
fbem-27776	38	32	pressure	pressure	NOUN
fbem-27776	38	33	.	.	PUNCT
fbem-27776	39	1	the	the	DET
fbem-27776	39	2	ability	ability	NOUN
fbem-27776	39	3	of	of	ADP
fbem-27776	39	4	the	the	DET
fbem-27776	39	5	team	team	NOUN
fbem-27776	39	6	is	be	AUX
fbem-27776	39	7	also	also	ADV
fbem-27776	39	8	critical	critical	ADJ
fbem-27776	39	9	[	[	X
fbem-27776	39	10	9	9	NUM
fbem-27776	39	11	]	]	PUNCT
fbem-27776	39	12	.	.	PUNCT
fbem-27776	40	1	the	the	DET
fbem-27776	40	2	professional	professional	ADJ
fbem-27776	40	3	knowledge	knowledge	NOUN
fbem-27776	40	4	,	,	PUNCT
fbem-27776	40	5	management	management	NOUN
fbem-27776	40	6	experience	experience	NOUN
fbem-27776	40	7	and	and	CCONJ
fbem-27776	40	8	market	market	NOUN
fbem-27776	40	9	sensitivity	sensitivity	NOUN
fbem-27776	40	10	of	of	ADP
fbem-27776	40	11	the	the	DET
fbem-27776	40	12	founding	found	VERB
fbem-27776	40	13	team	team	NOUN
fbem-27776	40	14	have	have	VERB
fbem-27776	40	15	a	a	DET
fbem-27776	40	16	direct	direct	ADJ
fbem-27776	40	17	impact	impact	NOUN
fbem-27776	40	18	on	on	ADP
fbem-27776	40	19	strategic	strategic	ADJ
fbem-27776	40	20	decision	decision	NOUN
fbem-27776	40	21	-	-	PUNCT
fbem-27776	40	22	making	making	NOUN
fbem-27776	40	23	and	and	CCONJ
fbem-27776	40	24	operational	operational	ADJ
fbem-27776	40	25	results	result	NOUN
fbem-27776	40	26	.	.	PUNCT
fbem-27776	41	1	technological	technological	ADJ
fbem-27776	41	2	innovation	innovation	NOUN
fbem-27776	41	3	is	be	AUX
fbem-27776	41	4	an	an	DET
fbem-27776	41	5	important	important	ADJ
fbem-27776	41	6	factor	factor	NOUN
fbem-27776	41	7	for	for	ADP
fbem-27776	41	8	start	start	NOUN
fbem-27776	41	9	-	-	PUNCT
fbem-27776	41	10	ups	up	NOUN
fbem-27776	41	11	to	to	PART
fbem-27776	41	12	gain	gain	VERB
fbem-27776	41	13	competitive	competitive	ADJ
fbem-27776	41	14	advantage	advantage	NOUN
fbem-27776	41	15	,	,	PUNCT
fbem-27776	41	16	and	and	CCONJ
fbem-27776	41	17	enterprises	enterprise	NOUN
fbem-27776	41	18	with	with	ADP
fbem-27776	41	19	unique	unique	ADJ
fbem-27776	41	20	technologies	technology	NOUN
fbem-27776	41	21	are	be	AUX
fbem-27776	41	22	more	more	ADV
fbem-27776	41	23	likely	likely	ADJ
fbem-27776	41	24	to	to	PART
fbem-27776	41	25	attract	attract	VERB
fbem-27776	41	26	venture	venture	NOUN
fbem-27776	41	27	capital	capital	NOUN
fbem-27776	41	28	and	and	CCONJ
fbem-27776	41	29	maintain	maintain	VERB
fbem-27776	41	30	a	a	DET
fbem-27776	41	31	leading	lead	VERB
fbem-27776	41	32	position	position	NOUN
fbem-27776	41	33	in	in	ADP
fbem-27776	41	34	the	the	DET
fbem-27776	41	35	market	market	NOUN
fbem-27776	41	36	[	[	X
fbem-27776	41	37	10	10	NUM
fbem-27776	41	38	]	]	PUNCT
fbem-27776	41	39	.	.	PUNCT
fbem-27776	42	1	in	in	ADP
fbem-27776	42	2	addition	addition	NOUN
fbem-27776	42	3	,	,	PUNCT
fbem-27776	42	4	the	the	DET
fbem-27776	42	5	policy	policy	NOUN
fbem-27776	42	6	environment	environment	NOUN
fbem-27776	42	7	,	,	PUNCT
fbem-27776	42	8	such	such	ADJ
fbem-27776	42	9	as	as	ADP
fbem-27776	42	10	the	the	DET
fbem-27776	42	11	government	government	NOUN
fbem-27776	42	12	's	's	PART
fbem-27776	42	13	industrial	industrial	ADJ
fbem-27776	42	14	policies	policy	NOUN
fbem-27776	42	15	,	,	PUNCT
fbem-27776	42	16	tax	tax	NOUN
fbem-27776	42	17	incentives	incentive	NOUN
fbem-27776	42	18	and	and	CCONJ
fbem-27776	42	19	regulatory	regulatory	ADJ
fbem-27776	42	20	measures	measure	NOUN
fbem-27776	42	21	,	,	PUNCT
fbem-27776	42	22	will	will	AUX
fbem-27776	42	23	also	also	ADV
fbem-27776	42	24	have	have	VERB
fbem-27776	42	25	an	an	DET
fbem-27776	42	26	impact	impact	NOUN
fbem-27776	42	27	on	on	ADP
fbem-27776	42	28	the	the	DET
fbem-27776	42	29	survival	survival	NOUN
fbem-27776	42	30	of	of	ADP
fbem-27776	42	31	startup	startup	NOUN
fbem-27776	42	32	companies	company	NOUN
fbem-27776	42	33	.	.	PUNCT
fbem-27776	43	1	previous	previous	ADJ
fbem-27776	43	2	studies	study	NOUN
fbem-27776	43	3	have	have	AUX
fbem-27776	43	4	shown	show	VERB
fbem-27776	43	5	that	that	SCONJ
fbem-27776	43	6	venture	venture	NOUN
fbem-27776	43	7	capital	capital	NOUN
fbem-27776	43	8	plays	play	VERB
fbem-27776	43	9	a	a	DET
fbem-27776	43	10	significant	significant	ADJ
fbem-27776	43	11	positive	positive	ADJ
fbem-27776	43	12	role	role	NOUN
fbem-27776	43	13	in	in	ADP
fbem-27776	43	14	the	the	DET
fbem-27776	43	15	survival	survival	NOUN
fbem-27776	43	16	and	and	CCONJ
fbem-27776	43	17	development	development	NOUN
fbem-27776	43	18	of	of	ADP
fbem-27776	43	19	startup	startup	NOUN
fbem-27776	43	20	companies	company	NOUN
fbem-27776	43	21	by	by	ADP
fbem-27776	43	22	providing	provide	VERB
fbem-27776	43	23	capital	capital	NOUN
fbem-27776	43	24	and	and	CCONJ
fbem-27776	43	25	strategic	strategic	ADJ
fbem-27776	43	26	management	management	NOUN
fbem-27776	43	27	support	support	NOUN
fbem-27776	43	28	.	.	PUNCT
fbem-27776	44	1	venture	venture	NOUN
fbem-27776	44	2	capital	capital	NOUN
fbem-27776	44	3	not	not	PART
fbem-27776	44	4	only	only	ADV
fbem-27776	44	5	provides	provide	VERB
fbem-27776	44	6	funds	fund	NOUN
fbem-27776	44	7	,	,	PUNCT
fbem-27776	44	8	but	but	CCONJ
fbem-27776	44	9	also	also	ADV
fbem-27776	44	10	supports	support	VERB
fbem-27776	44	11	management	management	NOUN
fbem-27776	44	12	and	and	CCONJ
fbem-27776	44	13	resource	resource	NOUN
fbem-27776	44	14	integration	integration	NOUN
fbem-27776	44	15	.	.	PUNCT
fbem-27776	45	1	it	it	PRON
fbem-27776	45	2	is	be	AUX
fbem-27776	45	3	found	find	VERB
fbem-27776	45	4	that	that	SCONJ
fbem-27776	45	5	the	the	DET
fbem-27776	45	6	survival	survival	NOUN
fbem-27776	45	7	rate	rate	NOUN
fbem-27776	45	8	of	of	ADP
fbem-27776	45	9	start	start	NOUN
fbem-27776	45	10	-	-	PUNCT
fbem-27776	45	11	up	up	ADP
fbem-27776	45	12	companies	company	NOUN
fbem-27776	45	13	with	with	ADP
fbem-27776	45	14	venture	venture	NOUN
fbem-27776	45	15	capital	capital	NOUN
fbem-27776	45	16	investment	investment	NOUN
fbem-27776	45	17	is	be	AUX
fbem-27776	45	18	significantly	significantly	ADV
fbem-27776	45	19	higher	high	ADJ
fbem-27776	45	20	than	than	ADP
fbem-27776	45	21	that	that	PRON
fbem-27776	45	22	of	of	ADP
fbem-27776	45	23	companies	company	NOUN
fbem-27776	45	24	without	without	ADP
fbem-27776	45	25	investment	investment	NOUN
fbem-27776	45	26	,	,	PUNCT
fbem-27776	45	27	especially	especially	ADV
fbem-27776	45	28	in	in	ADP
fbem-27776	45	29	technologyintensive	technologyintensive	ADJ
fbem-27776	45	30	industries	industry	NOUN
fbem-27776	45	31	,	,	PUNCT
fbem-27776	45	32	where	where	SCONJ
fbem-27776	45	33	venture	venture	NOUN
fbem-27776	45	34	capital	capital	NOUN
fbem-27776	45	35	plays	play	VERB
fbem-27776	45	36	a	a	DET
fbem-27776	45	37	particularly	particularly	ADV
fbem-27776	45	38	prominent	prominent	ADJ
fbem-27776	45	39	role	role	NOUN
fbem-27776	45	40	in	in	ADP
fbem-27776	45	41	promoting	promote	VERB
fbem-27776	45	42	innovation	innovation	NOUN
fbem-27776	45	43	.	.	PUNCT
fbem-27776	46	1	notably	notably	ADV
fbem-27776	46	2	,	,	PUNCT
fbem-27776	46	3	in	in	ADP
fbem-27776	46	4	the	the	DET
fbem-27776	46	5	study	study	NOUN
fbem-27776	46	6	by	by	ADP
fbem-27776	46	7	dushnitsky	dushnitsky	ADJ
fbem-27776	46	8	and	and	CCONJ
fbem-27776	46	9	lenox	lenox	NOUN
fbem-27776	46	10	,	,	PUNCT
fbem-27776	46	11	the	the	DET
fbem-27776	46	12	effect	effect	NOUN
fbem-27776	46	13	of	of	ADP
fbem-27776	46	14	venture	venture	NOUN
fbem-27776	46	15	capital	capital	NOUN
fbem-27776	46	16	on	on	ADP
fbem-27776	46	17	enhancing	enhance	VERB
fbem-27776	46	18	the	the	DET
fbem-27776	46	19	technological	technological	ADJ
fbem-27776	46	20	innovation	innovation	NOUN
fbem-27776	46	21	capabilities	capability	NOUN
fbem-27776	46	22	of	of	ADP
fbem-27776	46	23	publicly	publicly	ADV
fbem-27776	46	24	listed	list	VERB
fbem-27776	46	25	u.s	u.s	PROPN
fbem-27776	46	26	.	.	PROPN
fbem-27776	46	27	companies	company	NOUN
fbem-27776	46	28	was	be	AUX
fbem-27776	46	29	confirmed	confirm	VERB
fbem-27776	46	30	.	.	PUNCT
fbem-27776	47	1	particularly	particularly	ADV
fbem-27776	47	2	for	for	ADP
fbem-27776	47	3	companies	company	NOUN
fbem-27776	47	4	lacking	lack	VERB
fbem-27776	47	5	internal	internal	ADJ
fbem-27776	47	6	r&d	r&d	NOUN
fbem-27776	47	7	resources	resource	NOUN
fbem-27776	47	8	,	,	PUNCT
fbem-27776	47	9	venture	venture	NOUN
fbem-27776	47	10	capital	capital	NOUN
fbem-27776	47	11	played	play	VERB
fbem-27776	47	12	a	a	DET
fbem-27776	47	13	crucial	crucial	ADJ
fbem-27776	47	14	role	role	NOUN
fbem-27776	47	15	in	in	ADP
fbem-27776	47	16	achieving	achieve	VERB
fbem-27776	47	17	technological	technological	ADJ
fbem-27776	47	18	breakthroughs	breakthrough	NOUN
fbem-27776	47	19	.	.	PUNCT
fbem-27776	48	1	additionally	additionally	ADV
fbem-27776	48	2	,	,	PUNCT
fbem-27776	48	3	industry	industry	NOUN
fbem-27776	48	4	differences	difference	NOUN
fbem-27776	48	5	suggest	suggest	VERB
fbem-27776	48	6	that	that	SCONJ
fbem-27776	48	7	the	the	DET
fbem-27776	48	8	reliance	reliance	NOUN
fbem-27776	48	9	of	of	ADP
fbem-27776	48	10	startups	startup	NOUN
fbem-27776	48	11	on	on	ADP
fbem-27776	48	12	venture	venture	NOUN
fbem-27776	48	13	capital	capital	NOUN
fbem-27776	48	14	varies	vary	VERB
fbem-27776	48	15	across	across	ADP
fbem-27776	48	16	sectors	sector	NOUN
fbem-27776	48	17	[	[	X
fbem-27776	48	18	11	11	NUM
fbem-27776	48	19	]	]	PUNCT
fbem-27776	48	20	.	.	PUNCT
fbem-27776	49	1	for	for	ADP
fbem-27776	49	2	instance	instance	NOUN
fbem-27776	49	3	,	,	PUNCT
fbem-27776	49	4	startups	startup	NOUN
fbem-27776	49	5	in	in	ADP
fbem-27776	49	6	high	high	ADJ
fbem-27776	49	7	-	-	PUNCT
fbem-27776	49	8	tech	tech	NOUN
fbem-27776	49	9	,	,	PUNCT
fbem-27776	49	10	internet	internet	NOUN
fbem-27776	49	11	,	,	PUNCT
fbem-27776	49	12	and	and	CCONJ
fbem-27776	49	13	biopharmaceutical	biopharmaceutical	NOUN
fbem-27776	49	14	industries	industry	NOUN
fbem-27776	49	15	,	,	PUNCT
fbem-27776	49	16	due	due	ADP
fbem-27776	49	17	to	to	ADP
fbem-27776	49	18	their	their	PRON
fbem-27776	49	19	high	high	ADJ
fbem-27776	49	20	innovation	innovation	NOUN
fbem-27776	49	21	and	and	CCONJ
fbem-27776	49	22	risk	risk	NOUN
fbem-27776	49	23	levels	level	NOUN
fbem-27776	49	24	,	,	PUNCT
fbem-27776	49	25	are	be	AUX
fbem-27776	49	26	more	more	ADV
fbem-27776	49	27	reliant	reliant	ADJ
fbem-27776	49	28	on	on	ADP
fbem-27776	49	29	venture	venture	NOUN
fbem-27776	49	30	capital	capital	NOUN
fbem-27776	49	31	to	to	PART
fbem-27776	49	32	drive	drive	VERB
fbem-27776	49	33	technology	technology	NOUN
fbem-27776	49	34	development	development	NOUN
fbem-27776	49	35	and	and	CCONJ
fbem-27776	49	36	market	market	NOUN
fbem-27776	49	37	expansion	expansion	NOUN
fbem-27776	49	38	.	.	PUNCT
fbem-27776	50	1	in	in	ADP
fbem-27776	50	2	contrast	contrast	NOUN
fbem-27776	50	3	,	,	PUNCT
fbem-27776	50	4	while	while	SCONJ
fbem-27776	50	5	vc	vc	PROPN
fbem-27776	50	6	remains	remain	VERB
fbem-27776	50	7	important	important	ADJ
fbem-27776	50	8	in	in	ADP
fbem-27776	50	9	more	more	ADV
fbem-27776	50	10	traditional	traditional	ADJ
fbem-27776	50	11	industries	industry	NOUN
fbem-27776	50	12	,	,	PUNCT
fbem-27776	50	13	its	its	PRON
fbem-27776	50	14	direct	direct	ADJ
fbem-27776	50	15	role	role	NOUN
fbem-27776	50	16	in	in	ADP
fbem-27776	50	17	driving	drive	VERB
fbem-27776	50	18	company	company	NOUN
fbem-27776	50	19	growth	growth	NOUN
fbem-27776	50	20	may	may	AUX
fbem-27776	50	21	not	not	PART
fbem-27776	50	22	be	be	AUX
fbem-27776	50	23	as	as	ADV
fbem-27776	50	24	significant	significant	ADJ
fbem-27776	50	25	as	as	SCONJ
fbem-27776	50	26	it	it	PRON
fbem-27776	50	27	is	be	AUX
fbem-27776	50	28	in	in	ADP
fbem-27776	50	29	innovation	innovation	NOUN
fbem-27776	50	30	-	-	PUNCT
fbem-27776	50	31	driven	drive	VERB
fbem-27776	50	32	sectors	sector	NOUN
fbem-27776	50	33	.	.	PUNCT
fbem-27776	51	1	regional	regional	ADJ
fbem-27776	51	2	differences	difference	NOUN
fbem-27776	51	3	also	also	ADV
fbem-27776	51	4	influence	influence	VERB
fbem-27776	51	5	the	the	DET
fbem-27776	51	6	effectiveness	effectiveness	NOUN
fbem-27776	51	7	of	of	ADP
fbem-27776	51	8	venture	venture	NOUN
fbem-27776	51	9	capital	capital	NOUN
fbem-27776	51	10	[	[	X
fbem-27776	51	11	12	12	NUM
fbem-27776	51	12	]	]	PUNCT
fbem-27776	51	13	.	.	PUNCT
fbem-27776	52	1	in	in	ADP
fbem-27776	52	2	mature	mature	ADJ
fbem-27776	52	3	entrepreneurial	entrepreneurial	ADJ
fbem-27776	52	4	ecosystems	ecosystem	NOUN
fbem-27776	52	5	,	,	PUNCT
fbem-27776	52	6	such	such	ADJ
fbem-27776	52	7	as	as	ADP
fbem-27776	52	8	silicon	silicon	NOUN
fbem-27776	52	9	valley	valley	NOUN
fbem-27776	52	10	,	,	PUNCT
fbem-27776	52	11	venture	venture	NOUN
fbem-27776	52	12	capital	capital	NOUN
fbem-27776	52	13	not	not	PART
fbem-27776	52	14	only	only	ADV
fbem-27776	52	15	provides	provide	VERB
fbem-27776	52	16	financial	financial	ADJ
fbem-27776	52	17	support	support	NOUN
fbem-27776	52	18	but	but	CCONJ
fbem-27776	52	19	also	also	ADV
fbem-27776	52	20	leverages	leverage	VERB
fbem-27776	52	21	a	a	DET
fbem-27776	52	22	well	well	ADV
fbem-27776	52	23	-	-	PUNCT
fbem-27776	52	24	established	establish	VERB
fbem-27776	52	25	industrial	industrial	ADJ
fbem-27776	52	26	chain	chain	NOUN
fbem-27776	52	27	,	,	PUNCT
fbem-27776	52	28	mature	mature	ADJ
fbem-27776	52	29	market	market	NOUN
fbem-27776	52	30	conditions	condition	NOUN
fbem-27776	52	31	,	,	PUNCT
fbem-27776	52	32	and	and	CCONJ
fbem-27776	52	33	abundant	abundant	ADJ
fbem-27776	52	34	innovation	innovation	NOUN
fbem-27776	52	35	resources	resource	NOUN
fbem-27776	52	36	to	to	PART
fbem-27776	52	37	help	help	VERB
fbem-27776	52	38	startups	startup	NOUN
fbem-27776	52	39	grow	grow	VERB
fbem-27776	52	40	rapidly	rapidly	ADV
fbem-27776	52	41	.	.	PUNCT
fbem-27776	53	1	in	in	ADP
fbem-27776	53	2	regions	region	NOUN
fbem-27776	53	3	with	with	ADP
fbem-27776	53	4	less	less	ADV
fbem-27776	53	5	mature	mature	ADJ
fbem-27776	53	6	entrepreneurial	entrepreneurial	ADJ
fbem-27776	53	7	environments	environment	NOUN
fbem-27776	53	8	,	,	PUNCT
fbem-27776	53	9	the	the	DET
fbem-27776	53	10	impact	impact	NOUN
fbem-27776	53	11	of	of	ADP
fbem-27776	53	12	venture	venture	NOUN
fbem-27776	53	13	capital	capital	NOUN
fbem-27776	53	14	may	may	AUX
fbem-27776	53	15	be	be	AUX
fbem-27776	53	16	limited	limit	VERB
fbem-27776	53	17	,	,	PUNCT
fbem-27776	53	18	mainly	mainly	ADV
fbem-27776	53	19	due	due	ADP
fbem-27776	53	20	to	to	ADP
fbem-27776	53	21	insufficient	insufficient	ADJ
fbem-27776	53	22	market	market	NOUN
fbem-27776	53	23	demand	demand	NOUN
fbem-27776	53	24	,	,	PUNCT
fbem-27776	53	25	infrastructure	infrastructure	NOUN
fbem-27776	53	26	,	,	PUNCT
fbem-27776	53	27	and	and	CCONJ
fbem-27776	53	28	policies	policy	NOUN
fbem-27776	53	29	that	that	PRON
fbem-27776	53	30	support	support	VERB
fbem-27776	53	31	innovation	innovation	NOUN
fbem-27776	53	32	.	.	PUNCT
fbem-27776	54	1	in	in	ADP
fbem-27776	54	2	summary	summary	NOUN
fbem-27776	54	3	,	,	PUNCT
fbem-27776	54	4	the	the	DET
fbem-27776	54	5	literature	literature	NOUN
fbem-27776	54	6	review	review	NOUN
fbem-27776	54	7	indicates	indicate	VERB
fbem-27776	54	8	that	that	SCONJ
fbem-27776	54	9	venture	venture	NOUN
fbem-27776	54	10	capital	capital	NOUN
fbem-27776	54	11	affects	affect	VERB
fbem-27776	54	12	the	the	DET
fbem-27776	54	13	survival	survival	NOUN
fbem-27776	54	14	rate	rate	NOUN
fbem-27776	54	15	of	of	ADP
fbem-27776	54	16	startups	startup	NOUN
fbem-27776	54	17	not	not	PART
fbem-27776	54	18	only	only	ADV
fbem-27776	54	19	through	through	ADP
fbem-27776	54	20	financial	financial	ADJ
fbem-27776	54	21	support	support	NOUN
fbem-27776	54	22	but	but	CCONJ
fbem-27776	54	23	also	also	ADV
fbem-27776	54	24	by	by	ADP
fbem-27776	54	25	enhancing	enhance	VERB
fbem-27776	54	26	management	management	NOUN
fbem-27776	54	27	resources	resource	NOUN
fbem-27776	54	28	and	and	CCONJ
fbem-27776	54	29	technological	technological	ADJ
fbem-27776	54	30	innovation	innovation	NOUN
fbem-27776	54	31	.	.	PUNCT
fbem-27776	55	1	especially	especially	ADV
fbem-27776	55	2	in	in	ADP
fbem-27776	55	3	technology	technology	NOUN
fbem-27776	55	4	-	-	PUNCT
fbem-27776	55	5	intensive	intensive	ADJ
fbem-27776	55	6	industries	industry	NOUN
fbem-27776	55	7	and	and	CCONJ
fbem-27776	55	8	innovation	innovation	NOUN
fbem-27776	55	9	-	-	PUNCT
fbem-27776	55	10	driven	drive	VERB
fbem-27776	55	11	markets	market	NOUN
fbem-27776	55	12	,	,	PUNCT
fbem-27776	55	13	venture	venture	NOUN
fbem-27776	55	14	capital	capital	NOUN
fbem-27776	55	15	provides	provide	VERB
fbem-27776	55	16	critical	critical	ADJ
fbem-27776	55	17	growth	growth	NOUN
fbem-27776	55	18	momentum	momentum	NOUN
fbem-27776	55	19	for	for	ADP
fbem-27776	55	20	startups	startup	NOUN
fbem-27776	55	21	.	.	PUNCT
fbem-27776	56	1	furthermore	furthermore	ADV
fbem-27776	56	2	,	,	PUNCT
fbem-27776	56	3	the	the	DET
fbem-27776	56	4	effect	effect	NOUN
fbem-27776	56	5	of	of	ADP
fbem-27776	56	6	venture	venture	NOUN
fbem-27776	56	7	capital	capital	NOUN
fbem-27776	56	8	varies	vary	VERB
fbem-27776	56	9	significantly	significantly	ADV
fbem-27776	56	10	across	across	ADP
fbem-27776	56	11	industries	industry	NOUN
fbem-27776	56	12	and	and	CCONJ
fbem-27776	56	13	regions	region	NOUN
fbem-27776	56	14	globally	globally	ADV
fbem-27776	56	15	.	.	PUNCT
fbem-27776	57	1	therefore	therefore	ADV
fbem-27776	57	2	,	,	PUNCT
fbem-27776	57	3	future	future	ADJ
fbem-27776	57	4	policy	policy	NOUN
fbem-27776	57	5	formulation	formulation	NOUN
fbem-27776	57	6	and	and	CCONJ
fbem-27776	57	7	investment	investment	NOUN
fbem-27776	57	8	strategies	strategy	NOUN
fbem-27776	57	9	should	should	AUX
fbem-27776	57	10	take	take	VERB
fbem-27776	57	11	industryand	industryand	NOUN
fbem-27776	57	12	region	region	NOUN
fbem-27776	57	13	-	-	PUNCT
fbem-27776	57	14	specific	specific	ADJ
fbem-27776	57	15	conditions	condition	NOUN
fbem-27776	57	16	into	into	ADP
fbem-27776	57	17	account	account	NOUN
fbem-27776	57	18	to	to	PART
fbem-27776	57	19	maximize	maximize	VERB
fbem-27776	57	20	the	the	DET
fbem-27776	57	21	positive	positive	ADJ
fbem-27776	57	22	impact	impact	NOUN
fbem-27776	57	23	of	of	ADP
fbem-27776	57	24	venture	venture	NOUN
fbem-27776	57	25	capital	capital	NOUN
fbem-27776	57	26	on	on	ADP
fbem-27776	57	27	company	company	NOUN
fbem-27776	57	28	growth	growth	NOUN
fbem-27776	57	29	.	.	PUNCT
fbem-27776	58	1	3	3	X
fbem-27776	58	2	.	.	X
fbem-27776	58	3	research	research	NOUN
fbem-27776	58	4	methodology	methodology	NOUN
fbem-27776	58	5	3.1	3.1	NUM
fbem-27776	58	6	.	.	PUNCT
fbem-27776	59	1	data	datum	NOUN
fbem-27776	59	2	sources	source	NOUN
fbem-27776	59	3	3.1.1	3.1.1	NUM
fbem-27776	59	4	.	.	PUNCT
fbem-27776	59	5	selected	select	VERB
fbem-27776	59	6	industries	industry	NOUN
fbem-27776	59	7	and	and	CCONJ
fbem-27776	59	8	data	datum	NOUN
fbem-27776	59	9	acquisition	acquisition	NOUN
fbem-27776	59	10	methods	method	NOUN
fbem-27776	59	11	this	this	DET
fbem-27776	59	12	study	study	NOUN
fbem-27776	59	13	focuses	focus	VERB
fbem-27776	59	14	on	on	ADP
fbem-27776	59	15	technology	technology	NOUN
fbem-27776	59	16	-	-	PUNCT
fbem-27776	59	17	intensive	intensive	ADJ
fbem-27776	59	18	and	and	CCONJ
fbem-27776	59	19	innovation	innovation	NOUN
fbem-27776	59	20	-	-	PUNCT
fbem-27776	59	21	driven	drive	VERB
fbem-27776	59	22	industries	industry	NOUN
fbem-27776	59	23	,	,	PUNCT
fbem-27776	59	24	specifically	specifically	ADV
fbem-27776	59	25	covering	cover	VERB
fbem-27776	59	26	fields	field	NOUN
fbem-27776	59	27	such	such	ADJ
fbem-27776	59	28	as	as	ADP
fbem-27776	59	29	information	information	NOUN
fbem-27776	59	30	technology	technology	NOUN
fbem-27776	59	31	,	,	PUNCT
fbem-27776	59	32	the	the	DET
fbem-27776	59	33	internet	internet	NOUN
fbem-27776	59	34	,	,	PUNCT
fbem-27776	59	35	biomedicine	biomedicine	NOUN
fbem-27776	59	36	,	,	PUNCT
fbem-27776	59	37	and	and	CCONJ
fbem-27776	59	38	clean	clean	ADJ
fbem-27776	59	39	energy	energy	NOUN
fbem-27776	59	40	.	.	PUNCT
fbem-27776	60	1	startups	startup	NOUN
fbem-27776	60	2	in	in	ADP
fbem-27776	60	3	these	these	DET
fbem-27776	60	4	sectors	sector	NOUN
fbem-27776	60	5	typically	typically	ADV
fbem-27776	60	6	rely	rely	VERB
fbem-27776	60	7	on	on	ADP
fbem-27776	60	8	high	high	ADJ
fbem-27776	60	9	levels	level	NOUN
fbem-27776	60	10	of	of	ADP
fbem-27776	60	11	r&d	r&d	NOUN
fbem-27776	60	12	investment	investment	NOUN
fbem-27776	60	13	,	,	PUNCT
fbem-27776	60	14	possessing	possess	VERB
fbem-27776	60	15	significant	significant	ADJ
fbem-27776	60	16	market	market	NOUN
fbem-27776	60	17	potential	potential	NOUN
fbem-27776	60	18	and	and	CCONJ
fbem-27776	60	19	uncertainty	uncertainty	NOUN
fbem-27776	60	20	,	,	PUNCT
fbem-27776	60	21	making	make	VERB
fbem-27776	60	22	them	they	PRON
fbem-27776	60	23	highly	highly	ADV
fbem-27776	60	24	dependent	dependent	ADJ
fbem-27776	60	25	on	on	ADP
fbem-27776	60	26	venture	venture	NOUN
fbem-27776	60	27	capital	capital	NOUN
fbem-27776	60	28	.	.	PUNCT
fbem-27776	61	1	to	to	PART
fbem-27776	61	2	ensure	ensure	VERB
fbem-27776	61	3	the	the	DET
fbem-27776	61	4	authenticity	authenticity	NOUN
fbem-27776	61	5	and	and	CCONJ
fbem-27776	61	6	representativeness	representativeness	NOUN
fbem-27776	61	7	of	of	ADP
fbem-27776	61	8	the	the	DET
fbem-27776	61	9	data	datum	NOUN
fbem-27776	61	10	,	,	PUNCT
fbem-27776	61	11	this	this	DET
fbem-27776	61	12	research	research	NOUN
fbem-27776	61	13	utilizes	utilize	VERB
fbem-27776	61	14	several	several	ADJ
fbem-27776	61	15	reliable	reliable	ADJ
fbem-27776	61	16	public	public	ADJ
fbem-27776	61	17	databases	database	NOUN
fbem-27776	61	18	:	:	PUNCT
fbem-27776	61	19	cb	cb	NOUN
fbem-27776	61	20	insights	insight	NOUN
fbem-27776	61	21	and	and	CCONJ
fbem-27776	61	22	pitchbook	pitchbook	VERB
fbem-27776	61	23	provide	provide	VERB
fbem-27776	61	24	comprehensive	comprehensive	ADJ
fbem-27776	61	25	global	global	ADJ
fbem-27776	61	26	data	datum	NOUN
fbem-27776	61	27	on	on	ADP
fbem-27776	61	28	venture	venture	NOUN
fbem-27776	61	29	capital	capital	NOUN
fbem-27776	61	30	events	event	NOUN
fbem-27776	61	31	,	,	PUNCT
fbem-27776	61	32	investment	investment	NOUN
fbem-27776	61	33	amounts	amount	NOUN
fbem-27776	61	34	,	,	PUNCT
fbem-27776	61	35	and	and	CCONJ
fbem-27776	61	36	funding	funding	NOUN
fbem-27776	61	37	rounds	round	NOUN
fbem-27776	61	38	,	,	PUNCT
fbem-27776	61	39	widely	widely	ADV
fbem-27776	61	40	recognized	recognize	VERB
fbem-27776	61	41	in	in	ADP
fbem-27776	61	42	academic	academic	ADJ
fbem-27776	61	43	and	and	CCONJ
fbem-27776	61	44	industry	industry	NOUN
fbem-27776	61	45	reports	report	NOUN
fbem-27776	61	46	for	for	ADP
fbem-27776	61	47	their	their	PRON
fbem-27776	61	48	authority	authority	NOUN
fbem-27776	61	49	;	;	PUNCT
fbem-27776	61	50	cvsource	cvsource	NOUN
fbem-27776	61	51	focuses	focus	VERB
fbem-27776	61	52	on	on	ADP
fbem-27776	61	53	the	the	DET
fbem-27776	61	54	chinese	chinese	ADJ
fbem-27776	61	55	venture	venture	NOUN
fbem-27776	61	56	capital	capital	NOUN
fbem-27776	61	57	and	and	CCONJ
fbem-27776	61	58	private	private	ADJ
fbem-27776	61	59	equity	equity	NOUN
fbem-27776	61	60	market	market	NOUN
fbem-27776	61	61	,	,	PUNCT
fbem-27776	61	62	offering	offer	VERB
fbem-27776	61	63	detailed	detailed	ADJ
fbem-27776	61	64	insights	insight	NOUN
fbem-27776	61	65	into	into	ADP
fbem-27776	61	66	financing	financing	NOUN
fbem-27776	61	67	conditions	condition	NOUN
fbem-27776	61	68	for	for	ADP
fbem-27776	61	69	chinese	chinese	ADJ
fbem-27776	61	70	startups	startup	NOUN
fbem-27776	61	71	;	;	PUNCT
fbem-27776	61	72	cnrds	cnrd	NOUN
fbem-27776	61	73	(	(	PUNCT
fbem-27776	61	74	china	china	PROPN
fbem-27776	61	75	research	research	PROPN
fbem-27776	61	76	data	data	PROPN
fbem-27776	61	77	service	service	NOUN
fbem-27776	61	78	platform	platform	NOUN
fbem-27776	61	79	)	)	PUNCT
fbem-27776	61	80	supplies	supply	VERB
fbem-27776	61	81	data	datum	NOUN
fbem-27776	61	82	on	on	ADP
fbem-27776	61	83	patent	patent	NOUN
fbem-27776	61	84	applications	application	NOUN
fbem-27776	61	85	and	and	CCONJ
fbem-27776	61	86	r&d	r&d	NOUN
fbem-27776	61	87	investments	investment	NOUN
fbem-27776	61	88	for	for	ADP
fbem-27776	61	89	both	both	DET
fbem-27776	61	90	listed	list	VERB
fbem-27776	61	91	and	and	CCONJ
fbem-27776	61	92	non	non	ADJ
fbem-27776	61	93	-	-	ADJ
fbem-27776	61	94	listed	listed	ADJ
fbem-27776	61	95	chinese	chinese	ADJ
fbem-27776	61	96	companies	company	NOUN
fbem-27776	61	97	,	,	PUNCT
fbem-27776	61	98	aiding	aid	VERB
fbem-27776	61	99	the	the	DET
fbem-27776	61	100	analysis	analysis	NOUN
fbem-27776	61	101	of	of	ADP
fbem-27776	61	102	technological	technological	ADJ
fbem-27776	61	103	innovation	innovation	NOUN
fbem-27776	61	104	capabilities	capability	NOUN
fbem-27776	61	105	;	;	PUNCT
fbem-27776	61	106	and	and	CCONJ
fbem-27776	61	107	csmar	csmar	PROPN
fbem-27776	61	108	(	(	PUNCT
fbem-27776	61	109	china	china	PROPN
fbem-27776	61	110	securities	securities	PROPN
fbem-27776	61	111	market	market	NOUN
fbem-27776	61	112	and	and	CCONJ
fbem-27776	61	113	accounting	accounting	NOUN
fbem-27776	61	114	research	research	NOUN
fbem-27776	61	115	database	database	NOUN
fbem-27776	61	116	)	)	PUNCT
fbem-27776	61	117	offers	offer	VERB
fbem-27776	61	118	financial	financial	ADJ
fbem-27776	61	119	data	datum	NOUN
fbem-27776	61	120	and	and	CCONJ
fbem-27776	61	121	annual	annual	ADJ
fbem-27776	61	122	report	report	NOUN
fbem-27776	61	123	information	information	NOUN
fbem-27776	61	124	for	for	ADP
fbem-27776	61	125	a	a	DET
fbem-27776	61	126	-	-	PUNCT
fbem-27776	61	127	share	share	NOUN
fbem-27776	61	128	listed	list	VERB
fbem-27776	61	129	companies	company	NOUN
fbem-27776	61	130	,	,	PUNCT
fbem-27776	61	131	including	include	VERB
fbem-27776	61	132	metrics	metric	NOUN
fbem-27776	61	133	like	like	ADP
fbem-27776	61	134	company	company	NOUN
fbem-27776	61	135	size	size	NOUN
fbem-27776	61	136	,	,	PUNCT
fbem-27776	61	137	profit	profit	NOUN
fbem-27776	61	138	margins	margin	NOUN
fbem-27776	61	139	,	,	PUNCT
fbem-27776	61	140	and	and	CCONJ
fbem-27776	61	141	debt	debt	NOUN
fbem-27776	61	142	-	-	PUNCT
fbem-27776	61	143	to	to	ADP
fbem-27776	61	144	-	-	PUNCT
fbem-27776	61	145	asset	asset	NOUN
fbem-27776	61	146	ratios	ratio	NOUN
fbem-27776	61	147	.	.	PUNCT
fbem-27776	62	1	these	these	DET
fbem-27776	62	2	databases	database	NOUN
fbem-27776	62	3	collectively	collectively	ADV
fbem-27776	62	4	ensure	ensure	VERB
fbem-27776	62	5	the	the	DET
fbem-27776	62	6	accuracy	accuracy	NOUN
fbem-27776	62	7	and	and	CCONJ
fbem-27776	62	8	completeness	completeness	NOUN
fbem-27776	62	9	of	of	ADP
fbem-27776	62	10	venture	venture	NOUN
fbem-27776	62	11	capital	capital	NOUN
fbem-27776	62	12	information	information	NOUN
fbem-27776	62	13	in	in	ADP
fbem-27776	62	14	startups	startup	NOUN
fbem-27776	62	15	[	[	X
fbem-27776	62	16	13	13	NUM
fbem-27776	62	17	]	]	PUNCT
fbem-27776	62	18	.	.	PUNCT
fbem-27776	63	1	3.1.2	3.1.2	X
fbem-27776	63	2	.	.	PUNCT
fbem-27776	63	3	sample	sample	NOUN
fbem-27776	63	4	selection	selection	NOUN
fbem-27776	63	5	and	and	CCONJ
fbem-27776	63	6	description	description	NOUN
fbem-27776	63	7	the	the	DET
fbem-27776	63	8	sample	sample	NOUN
fbem-27776	63	9	for	for	ADP
fbem-27776	63	10	this	this	DET
fbem-27776	63	11	study	study	NOUN
fbem-27776	63	12	includes	include	VERB
fbem-27776	63	13	venture	venture	NOUN
fbem-27776	63	14	capital	capital	NOUN
fbem-27776	63	15	events	event	NOUN
fbem-27776	63	16	involving	involve	VERB
fbem-27776	63	17	listed	list	VERB
fbem-27776	63	18	companies	company	NOUN
fbem-27776	63	19	on	on	ADP
fbem-27776	63	20	china	china	PROPN
fbem-27776	63	21	's	's	PART
fbem-27776	63	22	a	a	DET
fbem-27776	63	23	-	-	PUNCT
fbem-27776	63	24	share	share	NOUN
fbem-27776	63	25	market	market	NOUN
fbem-27776	63	26	and	and	CCONJ
fbem-27776	63	27	u.s	u.s	PROPN
fbem-27776	63	28	.	.	PROPN
fbem-27776	63	29	stocks	stock	NOUN
fbem-27776	63	30	,	,	PUNCT
fbem-27776	63	31	as	as	ADV
fbem-27776	63	32	well	well	ADV
fbem-27776	63	33	as	as	ADP
fbem-27776	63	34	non	non	ADJ
fbem-27776	63	35	-	-	ADJ
fbem-27776	63	36	listed	listed	ADJ
fbem-27776	63	37	startups	startup	NOUN
fbem-27776	63	38	,	,	PUNCT
fbem-27776	63	39	from	from	ADP
fbem-27776	63	40	2015	2015	NUM
fbem-27776	63	41	to	to	ADP
fbem-27776	63	42	2022	2022	NUM
fbem-27776	63	43	.	.	PUNCT
fbem-27776	64	1	the	the	DET
fbem-27776	64	2	selected	select	VERB
fbem-27776	64	3	sample	sample	NOUN
fbem-27776	64	4	meets	meet	VERB
fbem-27776	64	5	the	the	DET
fbem-27776	64	6	following	follow	VERB
fbem-27776	64	7	criteria	criterion	NOUN
fbem-27776	64	8	:	:	PUNCT
fbem-27776	64	9	companies	company	NOUN
fbem-27776	64	10	belong	belong	VERB
fbem-27776	64	11	to	to	ADP
fbem-27776	64	12	technology	technology	NOUN
fbem-27776	64	13	-	-	PUNCT
fbem-27776	64	14	intensive	intensive	ADJ
fbem-27776	64	15	industries	industry	NOUN
fbem-27776	64	16	,	,	PUNCT
fbem-27776	64	17	are	be	AUX
fbem-27776	64	18	in	in	ADP
fbem-27776	64	19	early	early	ADJ
fbem-27776	64	20	or	or	CCONJ
fbem-27776	64	21	growth	growth	NOUN
fbem-27776	64	22	stages	stage	NOUN
fbem-27776	64	23	,	,	PUNCT
fbem-27776	64	24	have	have	AUX
fbem-27776	64	25	received	receive	VERB
fbem-27776	64	26	at	at	ADP
fbem-27776	64	27	least	least	ADV
fbem-27776	64	28	one	one	NUM
fbem-27776	64	29	round	round	NOUN
fbem-27776	64	30	of	of	ADP
fbem-27776	64	31	venture	venture	NOUN
fbem-27776	64	32	capital	capital	NOUN
fbem-27776	64	33	,	,	PUNCT
fbem-27776	64	34	and	and	CCONJ
fbem-27776	64	35	the	the	DET
fbem-27776	64	36	investment	investment	NOUN
fbem-27776	64	37	event	event	NOUN
fbem-27776	64	38	is	be	AUX
fbem-27776	64	39	recorded	record	VERB
fbem-27776	64	40	in	in	ADP
fbem-27776	64	41	public	public	ADJ
fbem-27776	64	42	databases	database	NOUN
fbem-27776	64	43	.	.	PUNCT
fbem-27776	65	1	additionally	additionally	ADV
fbem-27776	65	2	,	,	PUNCT
fbem-27776	65	3	companies	company	NOUN
fbem-27776	65	4	must	must	AUX
fbem-27776	65	5	have	have	VERB
fbem-27776	65	6	complete	complete	ADJ
fbem-27776	65	7	financial	financial	ADJ
fbem-27776	65	8	data	datum	NOUN
fbem-27776	65	9	,	,	PUNCT
fbem-27776	65	10	r&d	r&d	NOUN
fbem-27776	65	11	data	datum	NOUN
fbem-27776	65	12	,	,	PUNCT
fbem-27776	65	13	and	and	CCONJ
fbem-27776	65	14	patent	patent	NOUN
fbem-27776	65	15	application	application	NOUN
fbem-27776	65	16	information	information	NOUN
fbem-27776	65	17	to	to	PART
fbem-27776	65	18	facilitate	facilitate	VERB
fbem-27776	65	19	analysis	analysis	NOUN
fbem-27776	65	20	of	of	ADP
fbem-27776	65	21	survival	survival	NOUN
fbem-27776	65	22	rates	rate	NOUN
fbem-27776	65	23	and	and	CCONJ
fbem-27776	65	24	innovation	innovation	NOUN
fbem-27776	65	25	capabilities	capability	NOUN
fbem-27776	65	26	.	.	PUNCT
fbem-27776	66	1	during	during	ADP
fbem-27776	66	2	the	the	DET
fbem-27776	66	3	sample	sample	NOUN
fbem-27776	66	4	selection	selection	NOUN
fbem-27776	66	5	process	process	NOUN
fbem-27776	66	6	,	,	PUNCT
fbem-27776	66	7	the	the	DET
fbem-27776	66	8	following	follow	VERB
fbem-27776	66	9	companies	company	NOUN
fbem-27776	66	10	were	be	AUX
fbem-27776	66	11	excluded	exclude	VERB
fbem-27776	66	12	:	:	PUNCT
fbem-27776	66	13	companies	company	NOUN
fbem-27776	66	14	in	in	ADP
fbem-27776	66	15	the	the	DET
fbem-27776	66	16	financial	financial	ADJ
fbem-27776	66	17	sector	sector	NOUN
fbem-27776	66	18	and	and	CCONJ
fbem-27776	66	19	other	other	ADJ
fbem-27776	66	20	non	non	ADJ
fbem-27776	66	21	-	-	ADJ
fbem-27776	66	22	technology	technology	ADJ
fbem-27776	66	23	-	-	PUNCT
fbem-27776	66	24	intensive	intensive	ADJ
fbem-27776	66	25	industries	industry	NOUN
fbem-27776	66	26	(	(	PUNCT
fbem-27776	66	27	e.g.	e.g.	ADV
fbem-27776	66	28	,	,	PUNCT
fbem-27776	66	29	banks	bank	NOUN
fbem-27776	66	30	,	,	PUNCT
fbem-27776	66	31	insurance	insurance	NOUN
fbem-27776	66	32	)	)	PUNCT
fbem-27776	66	33	,	,	PUNCT
fbem-27776	66	34	as	as	SCONJ
fbem-27776	66	35	they	they	PRON
fbem-27776	66	36	typically	typically	ADV
fbem-27776	66	37	do	do	AUX
fbem-27776	66	38	not	not	PART
fbem-27776	66	39	rely	rely	VERB
fbem-27776	66	40	on	on	ADP
fbem-27776	66	41	venture	venture	NOUN
fbem-27776	66	42	capital	capital	NOUN
fbem-27776	66	43	for	for	ADP
fbem-27776	66	44	technological	technological	ADJ
fbem-27776	66	45	innovation	innovation	NOUN
fbem-27776	66	46	due	due	ADP
fbem-27776	66	47	to	to	ADP
fbem-27776	66	48	their	their	PRON
fbem-27776	66	49	high	high	ADJ
fbem-27776	66	50	capital	capital	NOUN
fbem-27776	66	51	intensity	intensity	NOUN
fbem-27776	66	52	.	.	PUNCT
fbem-27776	67	1	st	st	VERB
fbem-27776	67	2	-	-	PUNCT
fbem-27776	67	3	listed	list	VERB
fbem-27776	67	4	companies	company	NOUN
fbem-27776	67	5	,	,	PUNCT
fbem-27776	67	6	which	which	PRON
fbem-27776	67	7	usually	usually	ADV
fbem-27776	67	8	face	face	VERB
fbem-27776	67	9	operational	operational	ADJ
fbem-27776	67	10	439	439	NUM
fbem-27776	67	11	difficulties	difficulty	NOUN
fbem-27776	67	12	and	and	CCONJ
fbem-27776	67	13	are	be	AUX
fbem-27776	67	14	significantly	significantly	ADV
fbem-27776	67	15	influenced	influence	VERB
fbem-27776	67	16	by	by	ADP
fbem-27776	67	17	external	external	ADJ
fbem-27776	67	18	factors	factor	NOUN
fbem-27776	67	19	,	,	PUNCT
fbem-27776	67	20	were	be	AUX
fbem-27776	67	21	also	also	ADV
fbem-27776	67	22	excluded	exclude	VERB
fbem-27776	67	23	to	to	PART
fbem-27776	67	24	avoid	avoid	VERB
fbem-27776	67	25	skewing	skew	VERB
fbem-27776	67	26	results	result	NOUN
fbem-27776	67	27	.	.	PUNCT
fbem-27776	68	1	ultimately	ultimately	ADV
fbem-27776	68	2	,	,	PUNCT
fbem-27776	68	3	the	the	DET
fbem-27776	68	4	sample	sample	NOUN
fbem-27776	68	5	includes	include	VERB
fbem-27776	68	6	300	300	NUM
fbem-27776	68	7	startups	startup	NOUN
fbem-27776	68	8	,	,	PUNCT
fbem-27776	68	9	comprising	comprise	VERB
fbem-27776	68	10	150	150	NUM
fbem-27776	68	11	chinese	chinese	ADJ
fbem-27776	68	12	companies	company	NOUN
fbem-27776	68	13	and	and	CCONJ
fbem-27776	68	14	150	150	NUM
fbem-27776	68	15	u.s	u.s	PROPN
fbem-27776	68	16	.	.	PROPN
fbem-27776	68	17	companies	company	NOUN
fbem-27776	68	18	.	.	PUNCT
fbem-27776	69	1	the	the	DET
fbem-27776	69	2	industry	industry	NOUN
fbem-27776	69	3	distribution	distribution	NOUN
fbem-27776	69	4	of	of	ADP
fbem-27776	69	5	the	the	DET
fbem-27776	69	6	sample	sample	NOUN
fbem-27776	69	7	is	be	AUX
fbem-27776	69	8	as	as	SCONJ
fbem-27776	69	9	follows	follow	VERB
fbem-27776	69	10	:	:	PUNCT
fbem-27776	69	11	30	30	NUM
fbem-27776	69	12	%	%	NOUN
fbem-27776	69	13	in	in	ADP
fbem-27776	69	14	information	information	NOUN
fbem-27776	69	15	technology	technology	NOUN
fbem-27776	69	16	,	,	PUNCT
fbem-27776	69	17	25	25	NUM
fbem-27776	69	18	%	%	NOUN
fbem-27776	69	19	in	in	ADP
fbem-27776	69	20	biomedicine	biomedicine	NOUN
fbem-27776	69	21	,	,	PUNCT
fbem-27776	69	22	20	20	NUM
fbem-27776	69	23	%	%	NOUN
fbem-27776	69	24	in	in	ADP
fbem-27776	69	25	clean	clean	ADJ
fbem-27776	69	26	energy	energy	NOUN
fbem-27776	69	27	,	,	PUNCT
fbem-27776	69	28	and	and	CCONJ
fbem-27776	69	29	25	25	NUM
fbem-27776	69	30	%	%	NOUN
fbem-27776	69	31	in	in	ADP
fbem-27776	69	32	other	other	ADJ
fbem-27776	69	33	technology	technology	NOUN
fbem-27776	69	34	-	-	PUNCT
fbem-27776	69	35	intensive	intensive	ADJ
fbem-27776	69	36	industries	industry	NOUN
fbem-27776	69	37	.	.	PUNCT
fbem-27776	70	1	3.2	3.2	NUM
fbem-27776	70	2	.	.	PUNCT
fbem-27776	71	1	empirical	empirical	ADJ
fbem-27776	71	2	analysis	analysis	NOUN
fbem-27776	71	3	methods	method	NOUN
fbem-27776	71	4	3.2.1	3.2.1	NUM
fbem-27776	71	5	.	.	PUNCT
fbem-27776	72	1	variable	variable	ADJ
fbem-27776	72	2	definitions	definition	VERB
fbem-27776	72	3	the	the	DET
fbem-27776	72	4	empirical	empirical	ADJ
fbem-27776	72	5	analysis	analysis	NOUN
fbem-27776	72	6	in	in	ADP
fbem-27776	72	7	this	this	DET
fbem-27776	72	8	study	study	NOUN
fbem-27776	72	9	is	be	AUX
fbem-27776	72	10	based	base	VERB
fbem-27776	72	11	on	on	ADP
fbem-27776	72	12	three	three	NUM
fbem-27776	72	13	types	type	NOUN
fbem-27776	72	14	of	of	ADP
fbem-27776	72	15	variables	variable	NOUN
fbem-27776	72	16	:	:	PUNCT
fbem-27776	72	17	the	the	DET
fbem-27776	72	18	independent	independent	ADJ
fbem-27776	72	19	variable	variable	NOUN
fbem-27776	72	20	,	,	PUNCT
fbem-27776	72	21	venture	venture	NOUN
fbem-27776	72	22	capital	capital	NOUN
fbem-27776	72	23	scale	scale	NOUN
fbem-27776	72	24	(	(	PUNCT
fbem-27776	72	25	vc	vc	NOUN
fbem-27776	72	26	scale	scale	NOUN
fbem-27776	72	27	)	)	PUNCT
fbem-27776	72	28	,	,	PUNCT
fbem-27776	72	29	measures	measure	VERB
fbem-27776	72	30	the	the	DET
fbem-27776	72	31	amount	amount	NOUN
fbem-27776	72	32	of	of	ADP
fbem-27776	72	33	venture	venture	NOUN
fbem-27776	72	34	capital	capital	NOUN
fbem-27776	72	35	received	receive	VERB
fbem-27776	72	36	by	by	ADP
fbem-27776	72	37	companies	company	NOUN
fbem-27776	72	38	in	in	ADP
fbem-27776	72	39	millions	million	NOUN
fbem-27776	72	40	of	of	ADP
fbem-27776	72	41	dollars	dollar	NOUN
fbem-27776	72	42	,	,	PUNCT
fbem-27776	72	43	categorized	categorize	VERB
fbem-27776	72	44	into	into	ADP
fbem-27776	72	45	seed	seed	NOUN
fbem-27776	72	46	,	,	PUNCT
fbem-27776	72	47	series	series	NOUN
fbem-27776	72	48	a	a	NOUN
fbem-27776	72	49	,	,	PUNCT
fbem-27776	72	50	series	series	NOUN
fbem-27776	72	51	b	b	PROPN
fbem-27776	72	52	,	,	PUNCT
fbem-27776	72	53	and	and	CCONJ
fbem-27776	72	54	subsequent	subsequent	ADJ
fbem-27776	72	55	rounds	round	NOUN
fbem-27776	72	56	to	to	PART
fbem-27776	72	57	account	account	VERB
fbem-27776	72	58	for	for	ADP
fbem-27776	72	59	different	different	ADJ
fbem-27776	72	60	impacts	impact	NOUN
fbem-27776	72	61	of	of	ADP
fbem-27776	72	62	investment	investment	NOUN
fbem-27776	72	63	phases	phase	NOUN
fbem-27776	72	64	;	;	PUNCT
fbem-27776	72	65	the	the	DET
fbem-27776	72	66	dependent	dependent	ADJ
fbem-27776	72	67	variable	variable	NOUN
fbem-27776	72	68	,	,	PUNCT
fbem-27776	72	69	survival	survival	NOUN
fbem-27776	72	70	rate	rate	NOUN
fbem-27776	72	71	of	of	ADP
fbem-27776	72	72	startups	startup	NOUN
fbem-27776	72	73	,	,	PUNCT
fbem-27776	72	74	is	be	AUX
fbem-27776	72	75	assessed	assess	VERB
fbem-27776	72	76	by	by	ADP
fbem-27776	72	77	the	the	DET
fbem-27776	72	78	companies	company	NOUN
fbem-27776	72	79	'	'	PART
fbem-27776	72	80	survival	survival	NOUN
fbem-27776	72	81	status	status	NOUN
fbem-27776	72	82	three	three	NUM
fbem-27776	72	83	years	year	NOUN
fbem-27776	72	84	post	post	ADJ
fbem-27776	72	85	-	-	NOUN
fbem-27776	72	86	investment	investment	ADJ
fbem-27776	72	87	,	,	PUNCT
fbem-27776	72	88	determined	determine	VERB
fbem-27776	72	89	by	by	ADP
fbem-27776	72	90	whether	whether	SCONJ
fbem-27776	72	91	they	they	PRON
fbem-27776	72	92	remain	remain	VERB
fbem-27776	72	93	operational	operational	ADJ
fbem-27776	72	94	,	,	PUNCT
fbem-27776	72	95	the	the	DET
fbem-27776	72	96	number	number	NOUN
fbem-27776	72	97	of	of	ADP
fbem-27776	72	98	patent	patent	NOUN
fbem-27776	72	99	applications	application	NOUN
fbem-27776	72	100	to	to	PART
fbem-27776	72	101	gauge	gauge	VERB
fbem-27776	72	102	innovation	innovation	NOUN
fbem-27776	72	103	activity	activity	NOUN
fbem-27776	72	104	,	,	PUNCT
fbem-27776	72	105	and	and	CCONJ
fbem-27776	72	106	revenue	revenue	NOUN
fbem-27776	72	107	growth	growth	NOUN
fbem-27776	72	108	rate	rate	NOUN
fbem-27776	72	109	to	to	PART
fbem-27776	72	110	evaluate	evaluate	VERB
fbem-27776	72	111	market	market	NOUN
fbem-27776	72	112	performance	performance	NOUN
fbem-27776	72	113	;	;	PUNCT
fbem-27776	72	114	and	and	CCONJ
fbem-27776	72	115	several	several	ADJ
fbem-27776	72	116	control	control	NOUN
fbem-27776	72	117	variables	variable	NOUN
fbem-27776	72	118	are	be	AUX
fbem-27776	72	119	included	include	VERB
fbem-27776	72	120	to	to	PART
fbem-27776	72	121	mitigate	mitigate	VERB
fbem-27776	72	122	the	the	DET
fbem-27776	72	123	influence	influence	NOUN
fbem-27776	72	124	of	of	ADP
fbem-27776	72	125	other	other	ADJ
fbem-27776	72	126	factors	factor	NOUN
fbem-27776	72	127	on	on	ADP
fbem-27776	72	128	startup	startup	NOUN
fbem-27776	72	129	survival	survival	NOUN
fbem-27776	72	130	rates	rate	NOUN
fbem-27776	72	131	,	,	PUNCT
fbem-27776	72	132	such	such	ADJ
fbem-27776	72	133	as	as	ADP
fbem-27776	72	134	firm	firm	ADJ
fbem-27776	72	135	size	size	NOUN
fbem-27776	72	136	(	(	PUNCT
fbem-27776	72	137	measured	measure	VERB
fbem-27776	72	138	by	by	ADP
fbem-27776	72	139	the	the	DET
fbem-27776	72	140	number	number	NOUN
fbem-27776	72	141	of	of	ADP
fbem-27776	72	142	employees	employee	NOUN
fbem-27776	72	143	and	and	CCONJ
fbem-27776	72	144	total	total	ADJ
fbem-27776	72	145	assets	asset	NOUN
fbem-27776	72	146	)	)	PUNCT
fbem-27776	72	147	,	,	PUNCT
fbem-27776	72	148	r&d	r&d	NOUN
fbem-27776	72	149	intensity	intensity	NOUN
fbem-27776	72	150	(	(	PUNCT
fbem-27776	72	151	ratio	ratio	NOUN
fbem-27776	72	152	of	of	ADP
fbem-27776	72	153	r&d	r&d	NOUN
fbem-27776	72	154	expenses	expense	NOUN
fbem-27776	72	155	to	to	ADP
fbem-27776	72	156	revenue	revenue	NOUN
fbem-27776	72	157	)	)	PUNCT
fbem-27776	72	158	,	,	PUNCT
fbem-27776	72	159	market	market	NOUN
fbem-27776	72	160	demand	demand	NOUN
fbem-27776	72	161	(	(	PUNCT
fbem-27776	72	162	overall	overall	ADJ
fbem-27776	72	163	industry	industry	NOUN
fbem-27776	72	164	growth	growth	NOUN
fbem-27776	72	165	rate	rate	NOUN
fbem-27776	72	166	)	)	PUNCT
fbem-27776	72	167	,	,	PUNCT
fbem-27776	72	168	and	and	CCONJ
fbem-27776	72	169	economic	economic	ADJ
fbem-27776	72	170	environment	environment	NOUN
fbem-27776	72	171	(	(	PUNCT
fbem-27776	72	172	macro	macro	ADJ
fbem-27776	72	173	indicators	indicator	NOUN
fbem-27776	72	174	like	like	ADP
fbem-27776	72	175	gdp	gdp	NOUN
fbem-27776	72	176	growth	growth	NOUN
fbem-27776	72	177	rate	rate	NOUN
fbem-27776	72	178	and	and	CCONJ
fbem-27776	72	179	interest	interest	NOUN
fbem-27776	72	180	rates	rate	NOUN
fbem-27776	72	181	)	)	PUNCT
fbem-27776	72	182	to	to	PART
fbem-27776	72	183	account	account	VERB
fbem-27776	72	184	for	for	ADP
fbem-27776	72	185	broader	broad	ADJ
fbem-27776	72	186	economic	economic	ADJ
fbem-27776	72	187	conditions	condition	NOUN
fbem-27776	72	188	.	.	PUNCT
fbem-27776	73	1	3.2.2	3.2.2	X
fbem-27776	73	2	.	.	PUNCT
fbem-27776	73	3	statistical	statistical	ADJ
fbem-27776	73	4	analysis	analysis	NOUN
fbem-27776	73	5	methods	method	NOUN
fbem-27776	73	6	to	to	PART
fbem-27776	73	7	analyze	analyze	VERB
fbem-27776	73	8	the	the	DET
fbem-27776	73	9	impact	impact	NOUN
fbem-27776	73	10	of	of	ADP
fbem-27776	73	11	venture	venture	NOUN
fbem-27776	73	12	capital	capital	NOUN
fbem-27776	73	13	on	on	ADP
fbem-27776	73	14	startup	startup	NOUN
fbem-27776	73	15	survival	survival	NOUN
fbem-27776	73	16	rates	rate	NOUN
fbem-27776	73	17	,	,	PUNCT
fbem-27776	73	18	this	this	DET
fbem-27776	73	19	study	study	NOUN
fbem-27776	73	20	employs	employ	VERB
fbem-27776	73	21	several	several	ADJ
fbem-27776	73	22	statistical	statistical	ADJ
fbem-27776	73	23	methods	method	NOUN
fbem-27776	73	24	for	for	ADP
fbem-27776	73	25	empirical	empirical	ADJ
fbem-27776	73	26	analysis	analysis	NOUN
fbem-27776	73	27	,	,	PUNCT
fbem-27776	73	28	including	include	VERB
fbem-27776	73	29	basic	basic	ADJ
fbem-27776	73	30	statistical	statistical	ADJ
fbem-27776	73	31	descriptions	description	NOUN
fbem-27776	73	32	of	of	ADP
fbem-27776	73	33	each	each	DET
fbem-27776	73	34	variable	variable	NOUN
fbem-27776	73	35	to	to	PART
fbem-27776	73	36	examine	examine	VERB
fbem-27776	73	37	key	key	ADJ
fbem-27776	73	38	information	information	NOUN
fbem-27776	73	39	such	such	ADJ
fbem-27776	73	40	as	as	ADP
fbem-27776	73	41	venture	venture	NOUN
fbem-27776	73	42	capital	capital	NOUN
fbem-27776	73	43	amounts	amount	NOUN
fbem-27776	73	44	,	,	PUNCT
fbem-27776	73	45	survival	survival	NOUN
fbem-27776	73	46	rates	rate	NOUN
fbem-27776	73	47	,	,	PUNCT
fbem-27776	73	48	and	and	CCONJ
fbem-27776	73	49	industry	industry	NOUN
fbem-27776	73	50	distribution	distribution	NOUN
fbem-27776	73	51	,	,	PUNCT
fbem-27776	73	52	providing	provide	VERB
fbem-27776	73	53	an	an	DET
fbem-27776	73	54	overview	overview	NOUN
fbem-27776	73	55	of	of	ADP
fbem-27776	73	56	the	the	DET
fbem-27776	73	57	data	datum	NOUN
fbem-27776	73	58	;	;	PUNCT
fbem-27776	73	59	correlation	correlation	NOUN
fbem-27776	73	60	analysis	analysis	NOUN
fbem-27776	73	61	to	to	PART
fbem-27776	73	62	preliminarily	preliminarily	ADV
fbem-27776	73	63	explore	explore	VERB
fbem-27776	73	64	the	the	DET
fbem-27776	73	65	linear	linear	ADJ
fbem-27776	73	66	relationship	relationship	NOUN
fbem-27776	73	67	between	between	ADP
fbem-27776	73	68	venture	venture	NOUN
fbem-27776	73	69	capital	capital	NOUN
fbem-27776	73	70	scale	scale	NOUN
fbem-27776	73	71	and	and	CCONJ
fbem-27776	73	72	startup	startup	ADJ
fbem-27776	73	73	survival	survival	NOUN
fbem-27776	73	74	rate	rate	NOUN
fbem-27776	73	75	;	;	PUNCT
fbem-27776	73	76	pearson	pearson	PROPN
fbem-27776	73	77	correlation	correlation	NOUN
fbem-27776	73	78	coefficient	coefficient	VERB
fbem-27776	73	79	analysis	analysis	NOUN
fbem-27776	73	80	to	to	PART
fbem-27776	73	81	assess	assess	VERB
fbem-27776	73	82	the	the	DET
fbem-27776	73	83	relationship	relationship	NOUN
fbem-27776	73	84	between	between	ADP
fbem-27776	73	85	venture	venture	NOUN
fbem-27776	73	86	capital	capital	NOUN
fbem-27776	73	87	amounts	amount	NOUN
fbem-27776	73	88	and	and	CCONJ
fbem-27776	73	89	company	company	NOUN
fbem-27776	73	90	survival	survival	NOUN
fbem-27776	73	91	and	and	CCONJ
fbem-27776	73	92	innovation	innovation	NOUN
fbem-27776	73	93	capabilities	capability	NOUN
fbem-27776	73	94	;	;	PUNCT
fbem-27776	73	95	and	and	CCONJ
fbem-27776	73	96	logistic	logistic	ADJ
fbem-27776	73	97	regression	regression	NOUN
fbem-27776	73	98	and	and	CCONJ
fbem-27776	73	99	multiple	multiple	ADJ
fbem-27776	73	100	regression	regression	NOUN
fbem-27776	73	101	analysis	analysis	NOUN
fbem-27776	73	102	to	to	PART
fbem-27776	73	103	further	far	ADV
fbem-27776	73	104	investigate	investigate	VERB
fbem-27776	73	105	the	the	DET
fbem-27776	73	106	effects	effect	NOUN
fbem-27776	73	107	of	of	ADP
fbem-27776	73	108	venture	venture	NOUN
fbem-27776	73	109	capital	capital	NOUN
fbem-27776	73	110	on	on	ADP
fbem-27776	73	111	startup	startup	NOUN
fbem-27776	73	112	survival	survival	NOUN
fbem-27776	73	113	rates	rate	NOUN
fbem-27776	73	114	.	.	PUNCT
fbem-27776	74	1	through	through	ADP
fbem-27776	74	2	these	these	DET
fbem-27776	74	3	analytical	analytical	ADJ
fbem-27776	74	4	methods	method	NOUN
fbem-27776	74	5	,	,	PUNCT
fbem-27776	74	6	the	the	DET
fbem-27776	74	7	study	study	NOUN
fbem-27776	74	8	systematically	systematically	ADV
fbem-27776	74	9	and	and	CCONJ
fbem-27776	74	10	comprehensively	comprehensively	ADV
fbem-27776	74	11	explores	explore	VERB
fbem-27776	74	12	the	the	DET
fbem-27776	74	13	influence	influence	NOUN
fbem-27776	74	14	of	of	ADP
fbem-27776	74	15	venture	venture	NOUN
fbem-27776	74	16	capital	capital	NOUN
fbem-27776	74	17	on	on	ADP
fbem-27776	74	18	startup	startup	NOUN
fbem-27776	74	19	survival	survival	NOUN
fbem-27776	74	20	rates	rate	NOUN
fbem-27776	74	21	,	,	PUNCT
fbem-27776	74	22	resulting	result	VERB
fbem-27776	74	23	in	in	ADP
fbem-27776	74	24	empirically	empirically	ADV
fbem-27776	74	25	supported	support	VERB
fbem-27776	74	26	conclusions	conclusion	NOUN
fbem-27776	74	27	.	.	PUNCT
fbem-27776	75	1	4	4	X
fbem-27776	75	2	.	.	X
fbem-27776	75	3	empirical	empirical	ADJ
fbem-27776	75	4	results	result	NOUN
fbem-27776	75	5	4.1	4.1	NUM
fbem-27776	75	6	.	.	PUNCT
fbem-27776	76	1	analysis	analysis	NOUN
fbem-27776	76	2	of	of	ADP
fbem-27776	76	3	the	the	DET
fbem-27776	76	4	impact	impact	NOUN
fbem-27776	76	5	of	of	ADP
fbem-27776	76	6	venture	venture	NOUN
fbem-27776	76	7	capital	capital	NOUN
fbem-27776	76	8	on	on	ADP
fbem-27776	76	9	startup	startup	NOUN
fbem-27776	76	10	survival	survival	NOUN
fbem-27776	76	11	rates	rate	NOUN
fbem-27776	76	12	this	this	DET
fbem-27776	76	13	study	study	NOUN
fbem-27776	76	14	conducted	conduct	VERB
fbem-27776	76	15	regression	regression	NOUN
fbem-27776	76	16	analysis	analysis	NOUN
fbem-27776	76	17	and	and	CCONJ
fbem-27776	76	18	descriptive	descriptive	ADJ
fbem-27776	76	19	statistics	statistic	NOUN
fbem-27776	76	20	to	to	PART
fbem-27776	76	21	explore	explore	VERB
fbem-27776	76	22	the	the	DET
fbem-27776	76	23	specific	specific	ADJ
fbem-27776	76	24	impact	impact	NOUN
fbem-27776	76	25	of	of	ADP
fbem-27776	76	26	venture	venture	NOUN
fbem-27776	76	27	capital	capital	NOUN
fbem-27776	76	28	on	on	ADP
fbem-27776	76	29	the	the	DET
fbem-27776	76	30	survival	survival	NOUN
fbem-27776	76	31	rate	rate	NOUN
fbem-27776	76	32	of	of	ADP
fbem-27776	76	33	startups	startup	NOUN
fbem-27776	76	34	.	.	PUNCT
fbem-27776	77	1	the	the	DET
fbem-27776	77	2	data	data	NOUN
fbem-27776	77	3	shows	show	VERB
fbem-27776	77	4	that	that	SCONJ
fbem-27776	77	5	venture	venture	NOUN
fbem-27776	77	6	capital	capital	NOUN
fbem-27776	77	7	has	have	VERB
fbem-27776	77	8	a	a	DET
fbem-27776	77	9	significant	significant	ADJ
fbem-27776	77	10	positive	positive	ADJ
fbem-27776	77	11	impact	impact	NOUN
fbem-27776	77	12	on	on	ADP
fbem-27776	77	13	the	the	DET
fbem-27776	77	14	survival	survival	NOUN
fbem-27776	77	15	rate	rate	NOUN
fbem-27776	77	16	of	of	ADP
fbem-27776	77	17	startups	startup	NOUN
fbem-27776	77	18	,	,	PUNCT
fbem-27776	77	19	especially	especially	ADV
fbem-27776	77	20	in	in	ADP
fbem-27776	77	21	technology	technology	NOUN
fbem-27776	77	22	-	-	PUNCT
fbem-27776	77	23	intensive	intensive	ADJ
fbem-27776	77	24	and	and	CCONJ
fbem-27776	77	25	innovationdriven	innovationdriven	ADJ
fbem-27776	77	26	industries	industry	NOUN
fbem-27776	77	27	.	.	PUNCT
fbem-27776	78	1	through	through	ADP
fbem-27776	78	2	logistic	logistic	ADJ
fbem-27776	78	3	regression	regression	NOUN
fbem-27776	78	4	analysis	analysis	NOUN
fbem-27776	78	5	,	,	PUNCT
fbem-27776	78	6	we	we	PRON
fbem-27776	78	7	find	find	VERB
fbem-27776	78	8	that	that	SCONJ
fbem-27776	78	9	there	there	PRON
fbem-27776	78	10	is	be	VERB
fbem-27776	78	11	a	a	DET
fbem-27776	78	12	significant	significant	ADJ
fbem-27776	78	13	positive	positive	ADJ
fbem-27776	78	14	correlation	correlation	NOUN
fbem-27776	78	15	between	between	ADP
fbem-27776	78	16	the	the	DET
fbem-27776	78	17	scale	scale	NOUN
fbem-27776	78	18	of	of	ADP
fbem-27776	78	19	venture	venture	NOUN
fbem-27776	78	20	capital	capital	NOUN
fbem-27776	78	21	(	(	PUNCT
fbem-27776	78	22	independent	independent	ADJ
fbem-27776	78	23	variable	variable	NOUN
fbem-27776	78	24	)	)	PUNCT
fbem-27776	78	25	and	and	CCONJ
fbem-27776	78	26	the	the	DET
fbem-27776	78	27	survival	survival	NOUN
fbem-27776	78	28	rate	rate	NOUN
fbem-27776	78	29	of	of	ADP
fbem-27776	78	30	startup	startup	NOUN
fbem-27776	78	31	companies	company	NOUN
fbem-27776	78	32	(	(	PUNCT
fbem-27776	78	33	dependent	dependent	ADJ
fbem-27776	78	34	variable	variable	NOUN
fbem-27776	78	35	)	)	PUNCT
fbem-27776	78	36	.	.	PUNCT
fbem-27776	79	1	for	for	ADP
fbem-27776	79	2	every	every	DET
fbem-27776	79	3	additional	additional	ADJ
fbem-27776	79	4	$	$	SYM
fbem-27776	79	5	1	1	NUM
fbem-27776	79	6	million	million	NUM
fbem-27776	79	7	in	in	ADP
fbem-27776	79	8	venture	venture	NOUN
fbem-27776	79	9	capital	capital	NOUN
fbem-27776	79	10	,	,	PUNCT
fbem-27776	79	11	the	the	DET
fbem-27776	79	12	survival	survival	NOUN
fbem-27776	79	13	rate	rate	NOUN
fbem-27776	79	14	of	of	ADP
fbem-27776	79	15	startups	startup	NOUN
fbem-27776	79	16	increases	increase	NOUN
fbem-27776	79	17	by	by	ADP
fbem-27776	79	18	about	about	ADV
fbem-27776	79	19	2.5	2.5	NUM
fbem-27776	79	20	%	%	NOUN
fbem-27776	79	21	on	on	ADP
fbem-27776	79	22	average	average	ADJ
fbem-27776	79	23	.	.	PUNCT
fbem-27776	80	1	this	this	PRON
fbem-27776	80	2	shows	show	VERB
fbem-27776	80	3	that	that	SCONJ
fbem-27776	80	4	companies	company	NOUN
fbem-27776	80	5	with	with	ADP
fbem-27776	80	6	more	more	ADJ
fbem-27776	80	7	venture	venture	NOUN
fbem-27776	80	8	capital	capital	NOUN
fbem-27776	80	9	are	be	AUX
fbem-27776	80	10	more	more	ADV
fbem-27776	80	11	likely	likely	ADJ
fbem-27776	80	12	to	to	PART
fbem-27776	80	13	survive	survive	VERB
fbem-27776	80	14	and	and	CCONJ
fbem-27776	80	15	develop	develop	VERB
fbem-27776	80	16	into	into	ADP
fbem-27776	80	17	industry	industry	NOUN
fbem-27776	80	18	leaders	leader	NOUN
fbem-27776	80	19	.	.	PUNCT
fbem-27776	81	1	this	this	DET
fbem-27776	81	2	conclusion	conclusion	NOUN
fbem-27776	81	3	is	be	AUX
fbem-27776	81	4	especially	especially	ADV
fbem-27776	81	5	applicable	applicable	ADJ
fbem-27776	81	6	in	in	ADP
fbem-27776	81	7	innovation	innovation	NOUN
fbem-27776	81	8	-	-	PUNCT
fbem-27776	81	9	driven	drive	VERB
fbem-27776	81	10	and	and	CCONJ
fbem-27776	81	11	capitalintensive	capitalintensive	ADJ
fbem-27776	81	12	industries	industry	NOUN
fbem-27776	81	13	such	such	ADJ
fbem-27776	81	14	as	as	ADP
fbem-27776	81	15	information	information	NOUN
fbem-27776	81	16	technology	technology	NOUN
fbem-27776	81	17	and	and	CCONJ
fbem-27776	81	18	biopharmaceuticals	biopharmaceutical	NOUN
fbem-27776	81	19	.	.	PUNCT
fbem-27776	82	1	compared	compare	VERB
fbem-27776	82	2	with	with	ADP
fbem-27776	82	3	companies	company	NOUN
fbem-27776	82	4	without	without	ADP
fbem-27776	82	5	investment	investment	NOUN
fbem-27776	82	6	,	,	PUNCT
fbem-27776	82	7	companies	company	NOUN
fbem-27776	82	8	with	with	ADP
fbem-27776	82	9	venture	venture	NOUN
fbem-27776	82	10	capital	capital	NOUN
fbem-27776	82	11	not	not	PART
fbem-27776	82	12	only	only	ADV
fbem-27776	82	13	have	have	VERB
fbem-27776	82	14	higher	high	ADJ
fbem-27776	82	15	survival	survival	NOUN
fbem-27776	82	16	rate	rate	NOUN
fbem-27776	82	17	,	,	PUNCT
fbem-27776	82	18	but	but	CCONJ
fbem-27776	82	19	also	also	ADV
fbem-27776	82	20	are	be	AUX
fbem-27776	82	21	significantly	significantly	ADV
fbem-27776	82	22	better	well	ADJ
fbem-27776	82	23	than	than	ADP
fbem-27776	82	24	their	their	PRON
fbem-27776	82	25	peers	peer	NOUN
fbem-27776	82	26	in	in	ADP
fbem-27776	82	27	innovation	innovation	NOUN
fbem-27776	82	28	ability	ability	NOUN
fbem-27776	82	29	and	and	CCONJ
fbem-27776	82	30	market	market	NOUN
fbem-27776	82	31	performance	performance	NOUN
fbem-27776	82	32	.	.	PUNCT
fbem-27776	83	1	especially	especially	ADV
fbem-27776	83	2	in	in	ADP
fbem-27776	83	3	the	the	DET
fbem-27776	83	4	field	field	NOUN
fbem-27776	83	5	of	of	ADP
fbem-27776	83	6	information	information	NOUN
fbem-27776	83	7	technology	technology	NOUN
fbem-27776	83	8	,	,	PUNCT
fbem-27776	83	9	venture	venture	NOUN
fbem-27776	83	10	capital	capital	NOUN
fbem-27776	83	11	plays	play	VERB
fbem-27776	83	12	the	the	DET
fbem-27776	83	13	most	most	ADV
fbem-27776	83	14	prominent	prominent	ADJ
fbem-27776	83	15	role	role	NOUN
fbem-27776	83	16	in	in	ADP
fbem-27776	83	17	promoting	promote	VERB
fbem-27776	83	18	innovation	innovation	NOUN
fbem-27776	83	19	,	,	PUNCT
fbem-27776	83	20	and	and	CCONJ
fbem-27776	83	21	the	the	DET
fbem-27776	83	22	number	number	NOUN
fbem-27776	83	23	of	of	ADP
fbem-27776	83	24	patent	patent	NOUN
fbem-27776	83	25	applications	application	NOUN
fbem-27776	83	26	is	be	AUX
fbem-27776	83	27	significantly	significantly	ADV
fbem-27776	83	28	higher	high	ADJ
fbem-27776	83	29	than	than	ADP
fbem-27776	83	30	other	other	ADJ
fbem-27776	83	31	industries	industry	NOUN
fbem-27776	83	32	,	,	PUNCT
fbem-27776	83	33	and	and	CCONJ
fbem-27776	83	34	income	income	NOUN
fbem-27776	83	35	growth	growth	NOUN
fbem-27776	83	36	is	be	AUX
fbem-27776	83	37	also	also	ADV
fbem-27776	83	38	leading	lead	VERB
fbem-27776	83	39	.	.	PUNCT
fbem-27776	84	1	in	in	ADP
fbem-27776	84	2	different	different	ADJ
fbem-27776	84	3	industries	industry	NOUN
fbem-27776	84	4	,	,	PUNCT
fbem-27776	84	5	the	the	DET
fbem-27776	84	6	positive	positive	ADJ
fbem-27776	84	7	correlation	correlation	NOUN
fbem-27776	84	8	between	between	ADP
fbem-27776	84	9	venture	venture	NOUN
fbem-27776	84	10	capital	capital	NOUN
fbem-27776	84	11	and	and	CCONJ
fbem-27776	84	12	entrepreneurial	entrepreneurial	ADJ
fbem-27776	84	13	survival	survival	NOUN
fbem-27776	84	14	rate	rate	NOUN
fbem-27776	84	15	is	be	AUX
fbem-27776	84	16	different	different	ADJ
fbem-27776	84	17	.	.	PUNCT
fbem-27776	85	1	on	on	ADP
fbem-27776	85	2	average	average	ADJ
fbem-27776	85	3	,	,	PUNCT
fbem-27776	85	4	the	the	DET
fbem-27776	85	5	survival	survival	NOUN
fbem-27776	85	6	rate	rate	NOUN
fbem-27776	85	7	of	of	ADP
fbem-27776	85	8	information	information	NOUN
fbem-27776	85	9	technology	technology	NOUN
fbem-27776	85	10	industry	industry	NOUN
fbem-27776	85	11	is	be	AUX
fbem-27776	85	12	85	85	NUM
fbem-27776	85	13	%	%	NOUN
fbem-27776	85	14	,	,	PUNCT
fbem-27776	85	15	while	while	SCONJ
fbem-27776	85	16	the	the	DET
fbem-27776	85	17	survival	survival	NOUN
fbem-27776	85	18	rate	rate	NOUN
fbem-27776	85	19	of	of	ADP
fbem-27776	85	20	clean	clean	ADJ
fbem-27776	85	21	energy	energy	NOUN
fbem-27776	85	22	industry	industry	NOUN
fbem-27776	85	23	is	be	AUX
fbem-27776	85	24	lower	low	ADJ
fbem-27776	85	25	,	,	PUNCT
fbem-27776	85	26	which	which	PRON
fbem-27776	85	27	is	be	AUX
fbem-27776	85	28	78	78	NUM
fbem-27776	85	29	%	%	NOUN
fbem-27776	85	30	.	.	PUNCT
fbem-27776	86	1	venture	venture	NOUN
fbem-27776	86	2	capital	capital	NOUN
fbem-27776	86	3	promotes	promote	VERB
fbem-27776	86	4	the	the	DET
fbem-27776	86	5	innovation	innovation	NOUN
fbem-27776	86	6	activities	activity	NOUN
fbem-27776	86	7	of	of	ADP
fbem-27776	86	8	start	start	NOUN
fbem-27776	86	9	-	-	PUNCT
fbem-27776	86	10	ups	up	NOUN
fbem-27776	86	11	,	,	PUNCT
fbem-27776	86	12	and	and	CCONJ
fbem-27776	86	13	the	the	DET
fbem-27776	86	14	significant	significant	ADJ
fbem-27776	86	15	increase	increase	NOUN
fbem-27776	86	16	in	in	ADP
fbem-27776	86	17	the	the	DET
fbem-27776	86	18	number	number	NOUN
fbem-27776	86	19	of	of	ADP
fbem-27776	86	20	patent	patent	NOUN
fbem-27776	86	21	applications	application	NOUN
fbem-27776	86	22	is	be	AUX
fbem-27776	86	23	an	an	DET
fbem-27776	86	24	example	example	NOUN
fbem-27776	86	25	.	.	PUNCT
fbem-27776	87	1	in	in	ADP
fbem-27776	87	2	the	the	DET
fbem-27776	87	3	information	information	NOUN
fbem-27776	87	4	technology	technology	NOUN
fbem-27776	87	5	industry	industry	NOUN
fbem-27776	87	6	,	,	PUNCT
fbem-27776	87	7	the	the	DET
fbem-27776	87	8	average	average	ADJ
fbem-27776	87	9	number	number	NOUN
fbem-27776	87	10	of	of	ADP
fbem-27776	87	11	patent	patent	NOUN
fbem-27776	87	12	applications	application	NOUN
fbem-27776	87	13	reached	reach	VERB
fbem-27776	87	14	120	120	NUM
fbem-27776	87	15	,	,	PUNCT
fbem-27776	87	16	while	while	SCONJ
fbem-27776	87	17	the	the	DET
fbem-27776	87	18	clean	clean	ADJ
fbem-27776	87	19	energy	energy	NOUN
fbem-27776	87	20	industry	industry	NOUN
fbem-27776	87	21	was	be	AUX
fbem-27776	87	22	less	less	ADJ
fbem-27776	87	23	,	,	PUNCT
fbem-27776	87	24	only	only	ADV
fbem-27776	87	25	85	85	NUM
fbem-27776	87	26	.	.	PUNCT
fbem-27776	88	1	venture	venture	NOUN
fbem-27776	88	2	capital	capital	NOUN
fbem-27776	88	3	also	also	ADV
fbem-27776	88	4	significantly	significantly	ADV
fbem-27776	88	5	enhanced	enhance	VERB
fbem-27776	88	6	market	market	NOUN
fbem-27776	88	7	performance	performance	NOUN
fbem-27776	88	8	,	,	PUNCT
fbem-27776	88	9	with	with	ADP
fbem-27776	88	10	the	the	DET
fbem-27776	88	11	revenue	revenue	NOUN
fbem-27776	88	12	growth	growth	NOUN
fbem-27776	88	13	rate	rate	NOUN
fbem-27776	88	14	in	in	ADP
fbem-27776	88	15	the	the	DET
fbem-27776	88	16	information	information	NOUN
fbem-27776	88	17	technology	technology	NOUN
fbem-27776	88	18	sector	sector	NOUN
fbem-27776	88	19	reaching	reach	VERB
fbem-27776	88	20	30	30	NUM
fbem-27776	88	21	%	%	NOUN
fbem-27776	88	22	,	,	PUNCT
fbem-27776	88	23	while	while	SCONJ
fbem-27776	88	24	other	other	ADJ
fbem-27776	88	25	technology	technology	NOUN
fbem-27776	88	26	-	-	PUNCT
fbem-27776	88	27	intensive	intensive	ADJ
fbem-27776	88	28	industries	industry	NOUN
fbem-27776	88	29	had	have	VERB
fbem-27776	88	30	a	a	DET
fbem-27776	88	31	growth	growth	NOUN
fbem-27776	88	32	rate	rate	NOUN
fbem-27776	88	33	of	of	ADP
fbem-27776	88	34	20	20	NUM
fbem-27776	88	35	%	%	NOUN
fbem-27776	88	36	.	.	PUNCT
fbem-27776	89	1	4.2	4.2	NUM
fbem-27776	89	2	.	.	PUNCT
fbem-27776	90	1	the	the	DET
fbem-27776	90	2	impact	impact	NOUN
fbem-27776	90	3	of	of	ADP
fbem-27776	90	4	industry	industry	NOUN
fbem-27776	90	5	differences	difference	NOUN
fbem-27776	90	6	a	a	DET
fbem-27776	90	7	comparison	comparison	NOUN
fbem-27776	90	8	across	across	ADP
fbem-27776	90	9	industries	industry	NOUN
fbem-27776	90	10	shows	show	VERB
fbem-27776	90	11	that	that	SCONJ
fbem-27776	90	12	the	the	DET
fbem-27776	90	13	effect	effect	NOUN
fbem-27776	90	14	of	of	ADP
fbem-27776	90	15	venture	venture	NOUN
fbem-27776	90	16	capital	capital	NOUN
fbem-27776	90	17	on	on	ADP
fbem-27776	90	18	startups	startup	NOUN
fbem-27776	90	19	differs	differ	VERB
fbem-27776	90	20	significantly	significantly	ADV
fbem-27776	90	21	between	between	ADP
fbem-27776	90	22	hightech	hightech	NOUN
fbem-27776	90	23	industries	industry	NOUN
fbem-27776	90	24	and	and	CCONJ
fbem-27776	90	25	traditional	traditional	ADJ
fbem-27776	90	26	industries	industry	NOUN
fbem-27776	90	27	[	[	X
fbem-27776	90	28	14	14	NUM
fbem-27776	90	29	]	]	PUNCT
fbem-27776	90	30	.	.	PUNCT
fbem-27776	91	1	startups	startup	NOUN
fbem-27776	91	2	in	in	ADP
fbem-27776	91	3	the	the	DET
fbem-27776	91	4	information	information	NOUN
fbem-27776	91	5	technology	technology	NOUN
fbem-27776	91	6	industry	industry	NOUN
fbem-27776	91	7	received	receive	VERB
fbem-27776	91	8	the	the	DET
fbem-27776	91	9	most	most	ADV
fbem-27776	91	10	venture	venture	NOUN
fbem-27776	91	11	capital	capital	NOUN
fbem-27776	91	12	and	and	CCONJ
fbem-27776	91	13	had	have	VERB
fbem-27776	91	14	the	the	DET
fbem-27776	91	15	highest	high	ADJ
fbem-27776	91	16	survival	survival	NOUN
fbem-27776	91	17	rate	rate	NOUN
fbem-27776	91	18	(	(	PUNCT
fbem-27776	91	19	85	85	NUM
fbem-27776	91	20	%	%	NOUN
fbem-27776	91	21	)	)	PUNCT
fbem-27776	91	22	,	,	PUNCT
fbem-27776	91	23	with	with	ADP
fbem-27776	91	24	patent	patent	NOUN
fbem-27776	91	25	applications	application	NOUN
fbem-27776	91	26	also	also	ADV
fbem-27776	91	27	being	be	AUX
fbem-27776	91	28	the	the	DET
fbem-27776	91	29	highest	high	ADJ
fbem-27776	91	30	.	.	PUNCT
fbem-27776	92	1	this	this	PRON
fbem-27776	92	2	indicates	indicate	VERB
fbem-27776	92	3	that	that	SCONJ
fbem-27776	92	4	companies	company	NOUN
fbem-27776	92	5	in	in	ADP
fbem-27776	92	6	the	the	DET
fbem-27776	92	7	information	information	NOUN
fbem-27776	92	8	technology	technology	NOUN
fbem-27776	92	9	sector	sector	NOUN
fbem-27776	92	10	not	not	PART
fbem-27776	92	11	only	only	ADV
fbem-27776	92	12	effectively	effectively	ADV
fbem-27776	92	13	absorb	absorb	VERB
fbem-27776	92	14	venture	venture	NOUN
fbem-27776	92	15	capital	capital	NOUN
fbem-27776	92	16	but	but	CCONJ
fbem-27776	92	17	also	also	ADV
fbem-27776	92	18	convert	convert	VERB
fbem-27776	92	19	it	it	PRON
fbem-27776	92	20	into	into	ADP
fbem-27776	92	21	innovation	innovation	NOUN
fbem-27776	92	22	outcomes	outcome	NOUN
fbem-27776	92	23	,	,	PUNCT
fbem-27776	92	24	driving	drive	VERB
fbem-27776	92	25	market	market	NOUN
fbem-27776	92	26	expansion	expansion	NOUN
fbem-27776	92	27	.	.	PUNCT
fbem-27776	93	1	the	the	DET
fbem-27776	93	2	survival	survival	NOUN
fbem-27776	93	3	rate	rate	NOUN
fbem-27776	93	4	for	for	ADP
fbem-27776	93	5	biopharmaceutical	biopharmaceutical	ADJ
fbem-27776	93	6	startups	startup	NOUN
fbem-27776	93	7	was	be	AUX
fbem-27776	93	8	80	80	NUM
fbem-27776	93	9	%	%	NOUN
fbem-27776	93	10	,	,	PUNCT
fbem-27776	93	11	and	and	CCONJ
fbem-27776	93	12	despite	despite	SCONJ
fbem-27776	93	13	longer	long	ADJ
fbem-27776	93	14	r&d	r&d	NOUN
fbem-27776	93	15	cycles	cycle	NOUN
fbem-27776	93	16	and	and	CCONJ
fbem-27776	93	17	higher	high	ADJ
fbem-27776	93	18	capital	capital	NOUN
fbem-27776	93	19	needs	need	NOUN
fbem-27776	93	20	,	,	PUNCT
fbem-27776	93	21	venture	venture	NOUN
fbem-27776	93	22	capital	capital	NOUN
fbem-27776	93	23	played	play	VERB
fbem-27776	93	24	a	a	DET
fbem-27776	93	25	crucial	crucial	ADJ
fbem-27776	93	26	role	role	NOUN
fbem-27776	93	27	in	in	ADP
fbem-27776	93	28	supporting	support	VERB
fbem-27776	93	29	the	the	DET
fbem-27776	93	30	industry	industry	NOUN
fbem-27776	93	31	,	,	PUNCT
fbem-27776	93	32	especially	especially	ADV
fbem-27776	93	33	for	for	ADP
fbem-27776	93	34	high	high	ADJ
fbem-27776	93	35	-	-	PUNCT
fbem-27776	93	36	risk	risk	NOUN
fbem-27776	93	37	,	,	PUNCT
fbem-27776	93	38	high	high	ADJ
fbem-27776	93	39	-	-	PUNCT
fbem-27776	93	40	reward	reward	NOUN
fbem-27776	93	41	innovation	innovation	NOUN
fbem-27776	93	42	projects	project	NOUN
fbem-27776	93	43	.	.	PUNCT
fbem-27776	94	1	venture	venture	NOUN
fbem-27776	94	2	capital	capital	NOUN
fbem-27776	94	3	provided	provide	VERB
fbem-27776	94	4	the	the	DET
fbem-27776	94	5	necessary	necessary	ADJ
fbem-27776	94	6	funds	fund	NOUN
fbem-27776	94	7	and	and	CCONJ
fbem-27776	94	8	resources	resource	NOUN
fbem-27776	94	9	for	for	ADP
fbem-27776	94	10	these	these	DET
fbem-27776	94	11	companies	company	NOUN
fbem-27776	94	12	.	.	PUNCT
fbem-27776	95	1	the	the	DET
fbem-27776	95	2	clean	clean	ADJ
fbem-27776	95	3	energy	energy	NOUN
fbem-27776	95	4	sector	sector	NOUN
fbem-27776	95	5	had	have	VERB
fbem-27776	95	6	a	a	DET
fbem-27776	95	7	survival	survival	NOUN
fbem-27776	95	8	rate	rate	NOUN
fbem-27776	95	9	of	of	ADP
fbem-27776	95	10	78	78	NUM
fbem-27776	95	11	%	%	NOUN
fbem-27776	95	12	,	,	PUNCT
fbem-27776	95	13	which	which	PRON
fbem-27776	95	14	was	be	AUX
fbem-27776	95	15	relatively	relatively	ADV
fbem-27776	95	16	lower	low	ADJ
fbem-27776	95	17	.	.	PUNCT
fbem-27776	96	1	while	while	SCONJ
fbem-27776	96	2	venture	venture	NOUN
fbem-27776	96	3	capital	capital	NOUN
fbem-27776	96	4	also	also	ADV
fbem-27776	96	5	significantly	significantly	ADV
fbem-27776	96	6	promoted	promote	VERB
fbem-27776	96	7	technological	technological	ADJ
fbem-27776	96	8	innovation	innovation	NOUN
fbem-27776	96	9	and	and	CCONJ
fbem-27776	96	10	market	market	NOUN
fbem-27776	96	11	expansion	expansion	NOUN
fbem-27776	96	12	in	in	ADP
fbem-27776	96	13	this	this	DET
fbem-27776	96	14	sector	sector	NOUN
fbem-27776	96	15	,	,	PUNCT
fbem-27776	96	16	the	the	DET
fbem-27776	96	17	survival	survival	NOUN
fbem-27776	96	18	rate	rate	NOUN
fbem-27776	96	19	was	be	AUX
fbem-27776	96	20	slightly	slightly	ADV
fbem-27776	96	21	lower	low	ADJ
fbem-27776	96	22	due	due	ADP
fbem-27776	96	23	to	to	ADP
fbem-27776	96	24	the	the	DET
fbem-27776	96	25	longer	long	ADJ
fbem-27776	96	26	investment	investment	NOUN
fbem-27776	96	27	return	return	NOUN
fbem-27776	96	28	cycles	cycle	NOUN
fbem-27776	96	29	and	and	CCONJ
fbem-27776	96	30	greater	great	ADJ
fbem-27776	96	31	market	market	NOUN
fbem-27776	96	32	uncertainty	uncertainty	NOUN
fbem-27776	96	33	in	in	ADP
fbem-27776	96	34	the	the	DET
fbem-27776	96	35	energy	energy	NOUN
fbem-27776	96	36	industry	industry	NOUN
fbem-27776	96	37	compared	compare	VERB
fbem-27776	96	38	to	to	ADP
fbem-27776	96	39	the	the	DET
fbem-27776	96	40	information	information	NOUN
fbem-27776	96	41	technology	technology	NOUN
fbem-27776	96	42	and	and	CCONJ
fbem-27776	96	43	biopharmaceutical	biopharmaceutical	NOUN
fbem-27776	96	44	sectors	sector	NOUN
fbem-27776	96	45	.	.	PUNCT
fbem-27776	97	1	other	other	ADJ
fbem-27776	97	2	technology	technology	NOUN
fbem-27776	97	3	-	-	PUNCT
fbem-27776	97	4	intensive	intensive	ADJ
fbem-27776	97	5	industries	industry	NOUN
fbem-27776	97	6	had	have	VERB
fbem-27776	97	7	relatively	relatively	ADV
fbem-27776	97	8	lower	low	ADJ
fbem-27776	97	9	survival	survival	NOUN
fbem-27776	97	10	and	and	CCONJ
fbem-27776	97	11	revenue	revenue	NOUN
fbem-27776	97	12	growth	growth	NOUN
fbem-27776	97	13	rates	rate	NOUN
fbem-27776	97	14	,	,	PUNCT
fbem-27776	97	15	indicating	indicate	VERB
fbem-27776	97	16	that	that	SCONJ
fbem-27776	97	17	startups	startup	NOUN
fbem-27776	97	18	in	in	ADP
fbem-27776	97	19	these	these	DET
fbem-27776	97	20	sectors	sector	NOUN
fbem-27776	97	21	,	,	PUNCT
fbem-27776	97	22	even	even	ADV
fbem-27776	97	23	after	after	ADP
fbem-27776	97	24	receiving	receive	VERB
fbem-27776	97	25	venture	venture	NOUN
fbem-27776	97	26	capital	capital	NOUN
fbem-27776	97	27	,	,	PUNCT
fbem-27776	97	28	demonstrated	demonstrate	VERB
fbem-27776	97	29	limited	limited	ADJ
fbem-27776	97	30	innovation	innovation	NOUN
fbem-27776	97	31	output	output	NOUN
fbem-27776	97	32	and	and	CCONJ
fbem-27776	97	33	market	market	NOUN
fbem-27776	97	34	performance	performance	NOUN
fbem-27776	97	35	,	,	PUNCT
fbem-27776	97	36	and	and	CCONJ
fbem-27776	97	37	the	the	DET
fbem-27776	97	38	effect	effect	NOUN
fbem-27776	97	39	of	of	ADP
fbem-27776	97	40	venture	venture	NOUN
fbem-27776	97	41	capital	capital	NOUN
fbem-27776	97	42	was	be	AUX
fbem-27776	97	43	not	not	PART
fbem-27776	97	44	as	as	ADV
fbem-27776	97	45	pronounced	pronounce	VERB
fbem-27776	97	46	as	as	ADP
fbem-27776	97	47	in	in	ADP
fbem-27776	97	48	the	the	DET
fbem-27776	97	49	information	information	NOUN
fbem-27776	97	50	technology	technology	NOUN
fbem-27776	97	51	and	and	CCONJ
fbem-27776	97	52	biopharmaceutical	biopharmaceutical	NOUN
fbem-27776	97	53	sectors	sector	NOUN
fbem-27776	97	54	.	.	PUNCT
fbem-27776	98	1	the	the	DET
fbem-27776	98	2	empirical	empirical	ADJ
fbem-27776	98	3	results	result	NOUN
fbem-27776	98	4	of	of	ADP
fbem-27776	98	5	this	this	DET
fbem-27776	98	6	study	study	NOUN
fbem-27776	98	7	show	show	VERB
fbem-27776	98	8	that	that	SCONJ
fbem-27776	98	9	venture	venture	NOUN
fbem-27776	98	10	capital	capital	NOUN
fbem-27776	98	11	has	have	VERB
fbem-27776	98	12	a	a	DET
fbem-27776	98	13	significant	significant	ADJ
fbem-27776	98	14	positive	positive	ADJ
fbem-27776	98	15	impact	impact	NOUN
fbem-27776	98	16	on	on	ADP
fbem-27776	98	17	the	the	DET
fbem-27776	98	18	survival	survival	NOUN
fbem-27776	98	19	rate	rate	NOUN
fbem-27776	98	20	of	of	ADP
fbem-27776	98	21	startups	startup	NOUN
fbem-27776	98	22	,	,	PUNCT
fbem-27776	98	23	particularly	particularly	ADV
fbem-27776	98	24	in	in	ADP
fbem-27776	98	25	innovation	innovation	NOUN
fbem-27776	98	26	-	-	PUNCT
fbem-27776	98	27	driven	drive	VERB
fbem-27776	98	28	industries	industry	NOUN
fbem-27776	98	29	such	such	ADJ
fbem-27776	98	30	as	as	ADP
fbem-27776	98	31	information	information	NOUN
fbem-27776	98	32	technology	technology	NOUN
fbem-27776	98	33	and	and	CCONJ
fbem-27776	98	34	biopharmaceuticals	biopharmaceutical	NOUN
fbem-27776	98	35	(	(	PUNCT
fbem-27776	98	36	as	as	SCONJ
fbem-27776	98	37	shown	show	VERB
fbem-27776	98	38	in	in	ADP
fbem-27776	98	39	figure	figure	NOUN
fbem-27776	98	40	1	1	NUM
fbem-27776	98	41	)	)	PUNCT
fbem-27776	98	42	.	.	PUNCT
fbem-27776	99	1	for	for	ADP
fbem-27776	99	2	startups	startup	NOUN
fbem-27776	99	3	in	in	ADP
fbem-27776	99	4	high	high	ADJ
fbem-27776	99	5	-	-	PUNCT
fbem-27776	99	6	tech	tech	NOUN
fbem-27776	99	7	industries	industry	NOUN
fbem-27776	99	8	,	,	PUNCT
fbem-27776	99	9	venture	venture	NOUN
fbem-27776	99	10	capital	capital	NOUN
fbem-27776	99	11	not	not	PART
fbem-27776	99	12	only	only	ADV
fbem-27776	99	13	provides	provide	VERB
fbem-27776	99	14	financial	financial	ADJ
fbem-27776	99	15	support	support	NOUN
fbem-27776	99	16	but	but	CCONJ
fbem-27776	99	17	also	also	ADV
fbem-27776	99	18	brings	bring	VERB
fbem-27776	99	19	management	management	NOUN
fbem-27776	99	20	expertise	expertise	NOUN
fbem-27776	99	21	and	and	CCONJ
fbem-27776	99	22	strategic	strategic	ADJ
fbem-27776	99	23	resources	resource	NOUN
fbem-27776	99	24	,	,	PUNCT
fbem-27776	99	25	which	which	PRON
fbem-27776	99	26	substantially	substantially	ADV
fbem-27776	99	27	improves	improve	VERB
fbem-27776	99	28	the	the	DET
fbem-27776	99	29	companies	company	NOUN
fbem-27776	99	30	'	'	PART
fbem-27776	99	31	innovation	innovation	NOUN
fbem-27776	99	32	capacity	capacity	NOUN
fbem-27776	99	33	and	and	CCONJ
fbem-27776	99	34	market	market	NOUN
fbem-27776	99	35	competitiveness	competitiveness	NOUN
fbem-27776	99	36	.	.	PUNCT
fbem-27776	100	1	in	in	ADP
fbem-27776	100	2	terms	term	NOUN
fbem-27776	100	3	of	of	ADP
fbem-27776	100	4	industry	industry	NOUN
fbem-27776	100	5	differences	difference	NOUN
fbem-27776	100	6	,	,	PUNCT
fbem-27776	100	7	venture	venture	NOUN
fbem-27776	100	8	capital	capital	NOUN
fbem-27776	100	9	has	have	VERB
fbem-27776	100	10	varying	vary	VERB
fbem-27776	100	11	effects	effect	NOUN
fbem-27776	100	12	on	on	ADP
fbem-27776	100	13	startups	startup	NOUN
fbem-27776	100	14	in	in	ADP
fbem-27776	100	15	different	different	ADJ
fbem-27776	100	16	sectors	sector	NOUN
fbem-27776	100	17	.	.	PUNCT
fbem-27776	101	1	startups	startup	NOUN
fbem-27776	101	2	in	in	ADP
fbem-27776	101	3	high	high	ADJ
fbem-27776	101	4	-	-	PUNCT
fbem-27776	101	5	tech	tech	NOUN
fbem-27776	101	6	industries	industry	NOUN
fbem-27776	101	7	(	(	PUNCT
fbem-27776	101	8	such	such	ADJ
fbem-27776	101	9	as	as	ADP
fbem-27776	101	10	information	information	NOUN
fbem-27776	101	11	440	440	NUM
fbem-27776	101	12	technology	technology	NOUN
fbem-27776	101	13	and	and	CCONJ
fbem-27776	101	14	biopharmaceuticals	biopharmaceutical	NOUN
fbem-27776	101	15	)	)	PUNCT
fbem-27776	101	16	benefit	benefit	VERB
fbem-27776	101	17	more	more	ADJ
fbem-27776	101	18	from	from	ADP
fbem-27776	101	19	venture	venture	NOUN
fbem-27776	101	20	capital	capital	NOUN
fbem-27776	101	21	,	,	PUNCT
fbem-27776	101	22	while	while	SCONJ
fbem-27776	101	23	companies	company	NOUN
fbem-27776	101	24	in	in	ADP
fbem-27776	101	25	traditional	traditional	ADJ
fbem-27776	101	26	technology	technology	NOUN
fbem-27776	101	27	sectors	sector	NOUN
fbem-27776	101	28	also	also	ADV
fbem-27776	101	29	experience	experience	VERB
fbem-27776	101	30	positive	positive	ADJ
fbem-27776	101	31	impacts	impact	NOUN
fbem-27776	101	32	,	,	PUNCT
fbem-27776	101	33	but	but	CCONJ
fbem-27776	101	34	to	to	ADP
fbem-27776	101	35	a	a	DET
fbem-27776	101	36	lesser	less	ADJ
fbem-27776	101	37	extent	extent	NOUN
fbem-27776	101	38	.	.	PUNCT
fbem-27776	102	1	therefore	therefore	ADV
fbem-27776	102	2	,	,	PUNCT
fbem-27776	102	3	policymakers	policymaker	NOUN
fbem-27776	102	4	and	and	CCONJ
fbem-27776	102	5	investors	investor	NOUN
fbem-27776	102	6	should	should	AUX
fbem-27776	102	7	tailor	tailor	VERB
fbem-27776	102	8	their	their	PRON
fbem-27776	102	9	support	support	NOUN
fbem-27776	102	10	and	and	CCONJ
fbem-27776	102	11	investment	investment	NOUN
fbem-27776	102	12	strategies	strategy	NOUN
fbem-27776	102	13	to	to	ADP
fbem-27776	102	14	the	the	DET
fbem-27776	102	15	specific	specific	ADJ
fbem-27776	102	16	characteristics	characteristic	NOUN
fbem-27776	102	17	of	of	ADP
fbem-27776	102	18	different	different	ADJ
fbem-27776	102	19	industries	industry	NOUN
fbem-27776	102	20	in	in	ADP
fbem-27776	102	21	order	order	NOUN
fbem-27776	102	22	to	to	PART
fbem-27776	102	23	maximize	maximize	VERB
fbem-27776	102	24	the	the	DET
fbem-27776	102	25	benefits	benefit	NOUN
fbem-27776	102	26	of	of	ADP
fbem-27776	102	27	venture	venture	NOUN
fbem-27776	102	28	capital	capital	NOUN
fbem-27776	102	29	[	[	X
fbem-27776	102	30	15	15	NUM
fbem-27776	102	31	]	]	PUNCT
fbem-27776	102	32	.	.	PUNCT
fbem-27776	103	1	table	table	NOUN
fbem-27776	103	2	1	1	NUM
fbem-27776	103	3	.	.	PUNCT
fbem-27776	104	1	empirical	empirical	ADJ
fbem-27776	104	2	analysis	analysis	NOUN
fbem-27776	104	3	results	result	VERB
fbem-27776	104	4	industry	industry	NOUN
fbem-27776	104	5	average	average	ADJ
fbem-27776	104	6	venture	venture	NOUN
fbem-27776	104	7	capital	capital	NOUN
fbem-27776	104	8	scale	scale	NOUN
fbem-27776	104	9	(	(	PUNCT
fbem-27776	104	10	million	million	NUM
fbem-27776	104	11	usd	usd	NOUN
fbem-27776	104	12	)	)	PUNCT
fbem-27776	104	13	survival	survival	NOUN
fbem-27776	104	14	rate	rate	NOUN
fbem-27776	104	15	(	(	PUNCT
fbem-27776	104	16	%	%	INTJ
fbem-27776	104	17	)	)	PUNCT
fbem-27776	104	18	average	average	ADJ
fbem-27776	104	19	number	number	NOUN
fbem-27776	104	20	of	of	ADP
fbem-27776	104	21	patent	patent	NOUN
fbem-27776	104	22	applications	application	NOUN
fbem-27776	104	23	(	(	PUNCT
fbem-27776	104	24	per	per	ADP
fbem-27776	104	25	company	company	NOUN
fbem-27776	104	26	)	)	PUNCT
fbem-27776	104	27	revenue	revenue	NOUN
fbem-27776	104	28	growth	growth	NOUN
fbem-27776	104	29	rate	rate	NOUN
fbem-27776	104	30	(	(	PUNCT
fbem-27776	104	31	%	%	INTJ
fbem-27776	104	32	)	)	PUNCT
fbem-27776	104	33	information	information	NOUN
fbem-27776	104	34	technology	technology	NOUN
fbem-27776	104	35	15.5	15.5	NUM
fbem-27776	104	36	85	85	NUM
fbem-27776	104	37	120	120	NUM
fbem-27776	104	38	30	30	NUM
fbem-27776	104	39	biopharmaceuticals	biopharmaceutical	NOUN
fbem-27776	104	40	12	12	NUM
fbem-27776	104	41	80	80	NUM
fbem-27776	104	42	95	95	NUM
fbem-27776	104	43	28	28	NUM
fbem-27776	104	44	clean	clean	ADJ
fbem-27776	104	45	energy	energy	NOUN
fbem-27776	104	46	9.8	9.8	NUM
fbem-27776	104	47	78	78	NUM
fbem-27776	104	48	85	85	NUM
fbem-27776	104	49	25	25	NUM
fbem-27776	104	50	other	other	ADJ
fbem-27776	104	51	technology	technology	NOUN
fbem-27776	104	52	-	-	PUNCT
fbem-27776	104	53	intensive	intensive	ADJ
fbem-27776	104	54	industries	industry	NOUN
fbem-27776	104	55	8.7	8.7	NUM
fbem-27776	104	56	75	75	NUM
fbem-27776	104	57	60	60	NUM
fbem-27776	104	58	20	20	NUM
fbem-27776	104	59	5	5	NUM
fbem-27776	104	60	.	.	PUNCT
fbem-27776	104	61	discussion	discussion	NOUN
fbem-27776	104	62	5.1	5.1	NUM
fbem-27776	104	63	.	.	PUNCT
fbem-27776	105	1	interpretation	interpretation	NOUN
fbem-27776	105	2	of	of	ADP
fbem-27776	105	3	the	the	DET
fbem-27776	105	4	research	research	NOUN
fbem-27776	105	5	results	result	VERB
fbem-27776	105	6	this	this	DET
fbem-27776	105	7	study	study	NOUN
fbem-27776	105	8	conducted	conduct	VERB
fbem-27776	105	9	an	an	DET
fbem-27776	105	10	empirical	empirical	ADJ
fbem-27776	105	11	analysis	analysis	NOUN
fbem-27776	105	12	on	on	ADP
fbem-27776	105	13	multiple	multiple	ADJ
fbem-27776	105	14	technology	technology	NOUN
fbem-27776	105	15	-	-	PUNCT
fbem-27776	105	16	intensive	intensive	ADJ
fbem-27776	105	17	industries	industry	NOUN
fbem-27776	105	18	,	,	PUNCT
fbem-27776	105	19	confirming	confirm	VERB
fbem-27776	105	20	the	the	DET
fbem-27776	105	21	positive	positive	ADJ
fbem-27776	105	22	impact	impact	NOUN
fbem-27776	105	23	of	of	ADP
fbem-27776	105	24	venture	venture	NOUN
fbem-27776	105	25	capital	capital	NOUN
fbem-27776	105	26	on	on	ADP
fbem-27776	105	27	the	the	DET
fbem-27776	105	28	survival	survival	NOUN
fbem-27776	105	29	rate	rate	NOUN
fbem-27776	105	30	of	of	ADP
fbem-27776	105	31	startups	startup	NOUN
fbem-27776	105	32	.	.	PUNCT
fbem-27776	106	1	these	these	DET
fbem-27776	106	2	results	result	NOUN
fbem-27776	106	3	are	be	AUX
fbem-27776	106	4	consistent	consistent	ADJ
fbem-27776	106	5	with	with	ADP
fbem-27776	106	6	expectations	expectation	NOUN
fbem-27776	106	7	,	,	PUNCT
fbem-27776	106	8	indicating	indicate	VERB
fbem-27776	106	9	that	that	SCONJ
fbem-27776	106	10	venture	venture	NOUN
fbem-27776	106	11	capital	capital	NOUN
fbem-27776	106	12	not	not	PART
fbem-27776	106	13	only	only	ADV
fbem-27776	106	14	provides	provide	VERB
fbem-27776	106	15	financial	financial	ADJ
fbem-27776	106	16	support	support	NOUN
fbem-27776	106	17	for	for	ADP
fbem-27776	106	18	startups	startup	NOUN
fbem-27776	106	19	but	but	CCONJ
fbem-27776	106	20	also	also	ADV
fbem-27776	106	21	significantly	significantly	ADV
fbem-27776	106	22	enhances	enhance	VERB
fbem-27776	106	23	their	their	PRON
fbem-27776	106	24	survival	survival	NOUN
fbem-27776	106	25	rate	rate	NOUN
fbem-27776	106	26	and	and	CCONJ
fbem-27776	106	27	innovation	innovation	NOUN
fbem-27776	106	28	capabilities	capability	NOUN
fbem-27776	106	29	through	through	ADP
fbem-27776	106	30	the	the	DET
fbem-27776	106	31	injection	injection	NOUN
fbem-27776	106	32	of	of	ADP
fbem-27776	106	33	strategic	strategic	ADJ
fbem-27776	106	34	resources	resource	NOUN
fbem-27776	106	35	and	and	CCONJ
fbem-27776	106	36	management	management	NOUN
fbem-27776	106	37	experience	experience	NOUN
fbem-27776	106	38	.	.	PUNCT
fbem-27776	107	1	particularly	particularly	ADV
fbem-27776	107	2	in	in	ADP
fbem-27776	107	3	the	the	DET
fbem-27776	107	4	information	information	NOUN
fbem-27776	107	5	technology	technology	NOUN
fbem-27776	107	6	and	and	CCONJ
fbem-27776	107	7	biopharmaceutical	biopharmaceutical	NOUN
fbem-27776	107	8	industries	industry	NOUN
fbem-27776	107	9	,	,	PUNCT
fbem-27776	107	10	venture	venture	NOUN
fbem-27776	107	11	capital	capital	NOUN
fbem-27776	107	12	has	have	AUX
fbem-27776	107	13	shown	show	VERB
fbem-27776	107	14	a	a	DET
fbem-27776	107	15	strong	strong	ADJ
fbem-27776	107	16	facilitative	facilitative	ADJ
fbem-27776	107	17	effect	effect	NOUN
fbem-27776	107	18	.	.	PUNCT
fbem-27776	108	1	the	the	DET
fbem-27776	108	2	combination	combination	NOUN
fbem-27776	108	3	of	of	ADP
fbem-27776	108	4	large	large	ADJ
fbem-27776	108	5	investment	investment	NOUN
fbem-27776	108	6	amounts	amount	NOUN
fbem-27776	108	7	and	and	CCONJ
fbem-27776	108	8	high	high	ADJ
fbem-27776	108	9	innovation	innovation	NOUN
fbem-27776	108	10	levels	level	NOUN
fbem-27776	108	11	enables	enable	VERB
fbem-27776	108	12	startups	startup	NOUN
fbem-27776	108	13	in	in	ADP
fbem-27776	108	14	these	these	DET
fbem-27776	108	15	industries	industry	NOUN
fbem-27776	108	16	to	to	PART
fbem-27776	108	17	achieve	achieve	VERB
fbem-27776	108	18	faster	fast	ADJ
fbem-27776	108	19	technological	technological	ADJ
fbem-27776	108	20	breakthroughs	breakthrough	NOUN
fbem-27776	108	21	and	and	CCONJ
fbem-27776	108	22	market	market	NOUN
fbem-27776	108	23	expansion	expansion	NOUN
fbem-27776	108	24	.	.	PUNCT
fbem-27776	109	1	the	the	DET
fbem-27776	109	2	information	information	NOUN
fbem-27776	109	3	technology	technology	NOUN
fbem-27776	109	4	industry	industry	NOUN
fbem-27776	109	5	,	,	PUNCT
fbem-27776	109	6	with	with	ADP
fbem-27776	109	7	a	a	DET
fbem-27776	109	8	survival	survival	NOUN
fbem-27776	109	9	rate	rate	NOUN
fbem-27776	109	10	of	of	ADP
fbem-27776	109	11	85	85	NUM
fbem-27776	109	12	%	%	NOUN
fbem-27776	109	13	,	,	PUNCT
fbem-27776	109	14	strongly	strongly	ADV
fbem-27776	109	15	supports	support	VERB
fbem-27776	109	16	this	this	DET
fbem-27776	109	17	conclusion	conclusion	NOUN
fbem-27776	109	18	.	.	PUNCT
fbem-27776	110	1	although	although	SCONJ
fbem-27776	110	2	the	the	DET
fbem-27776	110	3	biopharmaceutical	biopharmaceutical	NOUN
fbem-27776	110	4	industry	industry	NOUN
fbem-27776	110	5	has	have	VERB
fbem-27776	110	6	long	long	ADJ
fbem-27776	110	7	r&d	r&d	NOUN
fbem-27776	110	8	cycles	cycle	NOUN
fbem-27776	110	9	and	and	CCONJ
fbem-27776	110	10	high	high	ADJ
fbem-27776	110	11	capital	capital	NOUN
fbem-27776	110	12	requirements	requirement	NOUN
fbem-27776	110	13	,	,	PUNCT
fbem-27776	110	14	venture	venture	NOUN
fbem-27776	110	15	capital	capital	NOUN
fbem-27776	110	16	still	still	ADV
fbem-27776	110	17	effectively	effectively	ADV
fbem-27776	110	18	drives	drive	VERB
fbem-27776	110	19	innovation	innovation	NOUN
fbem-27776	110	20	and	and	CCONJ
fbem-27776	110	21	survival	survival	NOUN
fbem-27776	110	22	in	in	ADP
fbem-27776	110	23	this	this	DET
fbem-27776	110	24	sector	sector	NOUN
fbem-27776	110	25	.	.	PUNCT
fbem-27776	111	1	however	however	ADV
fbem-27776	111	2	,	,	PUNCT
fbem-27776	111	3	significant	significant	ADJ
fbem-27776	111	4	differences	difference	NOUN
fbem-27776	111	5	exist	exist	VERB
fbem-27776	111	6	between	between	ADP
fbem-27776	111	7	industries	industry	NOUN
fbem-27776	111	8	,	,	PUNCT
fbem-27776	111	9	with	with	ADP
fbem-27776	111	10	lower	low	ADJ
fbem-27776	111	11	survival	survival	NOUN
fbem-27776	111	12	rates	rate	NOUN
fbem-27776	111	13	and	and	CCONJ
fbem-27776	111	14	innovation	innovation	NOUN
fbem-27776	111	15	performance	performance	NOUN
fbem-27776	111	16	in	in	ADP
fbem-27776	111	17	clean	clean	ADJ
fbem-27776	111	18	energy	energy	NOUN
fbem-27776	111	19	and	and	CCONJ
fbem-27776	111	20	other	other	ADJ
fbem-27776	111	21	technology	technology	NOUN
fbem-27776	111	22	-	-	PUNCT
fbem-27776	111	23	intensive	intensive	ADJ
fbem-27776	111	24	sectors	sector	NOUN
fbem-27776	111	25	.	.	PUNCT
fbem-27776	112	1	this	this	PRON
fbem-27776	112	2	is	be	AUX
fbem-27776	112	3	in	in	ADP
fbem-27776	112	4	line	line	NOUN
fbem-27776	112	5	with	with	ADP
fbem-27776	112	6	expectations	expectation	NOUN
fbem-27776	112	7	,	,	PUNCT
fbem-27776	112	8	as	as	ADP
fbem-27776	112	9	the	the	DET
fbem-27776	112	10	long	long	ADJ
fbem-27776	112	11	-	-	PUNCT
fbem-27776	112	12	term	term	NOUN
fbem-27776	112	13	investment	investment	NOUN
fbem-27776	112	14	returns	return	NOUN
fbem-27776	112	15	and	and	CCONJ
fbem-27776	112	16	policy	policy	NOUN
fbem-27776	112	17	dependencies	dependency	NOUN
fbem-27776	112	18	in	in	ADP
fbem-27776	112	19	the	the	DET
fbem-27776	112	20	clean	clean	ADJ
fbem-27776	112	21	energy	energy	NOUN
fbem-27776	112	22	sector	sector	NOUN
fbem-27776	112	23	,	,	PUNCT
fbem-27776	112	24	along	along	ADP
fbem-27776	112	25	with	with	ADP
fbem-27776	112	26	the	the	DET
fbem-27776	112	27	weaker	weak	ADJ
fbem-27776	112	28	innovation	innovation	NOUN
fbem-27776	112	29	drive	drive	NOUN
fbem-27776	112	30	in	in	ADP
fbem-27776	112	31	other	other	ADJ
fbem-27776	112	32	industries	industry	NOUN
fbem-27776	112	33	,	,	PUNCT
fbem-27776	112	34	make	make	VERB
fbem-27776	112	35	the	the	DET
fbem-27776	112	36	effect	effect	NOUN
fbem-27776	112	37	of	of	ADP
fbem-27776	112	38	venture	venture	NOUN
fbem-27776	112	39	capital	capital	NOUN
fbem-27776	112	40	less	less	ADV
fbem-27776	112	41	significant	significant	ADJ
fbem-27776	112	42	than	than	ADP
fbem-27776	112	43	in	in	ADP
fbem-27776	112	44	high	high	ADJ
fbem-27776	112	45	-	-	PUNCT
fbem-27776	112	46	tech	tech	NOUN
fbem-27776	112	47	sectors	sector	NOUN
fbem-27776	112	48	.	.	PUNCT
fbem-27776	113	1	5.2	5.2	NUM
fbem-27776	113	2	.	.	PUNCT
fbem-27776	113	3	implications	implication	NOUN
fbem-27776	113	4	for	for	ADP
fbem-27776	113	5	theory	theory	NOUN
fbem-27776	113	6	and	and	CCONJ
fbem-27776	113	7	practice	practice	VERB
fbem-27776	113	8	the	the	DET
fbem-27776	113	9	findings	finding	NOUN
fbem-27776	113	10	of	of	ADP
fbem-27776	113	11	this	this	DET
fbem-27776	113	12	study	study	NOUN
fbem-27776	113	13	provide	provide	VERB
fbem-27776	113	14	important	important	ADJ
fbem-27776	113	15	implications	implication	NOUN
fbem-27776	113	16	for	for	ADP
fbem-27776	113	17	both	both	DET
fbem-27776	113	18	theory	theory	NOUN
fbem-27776	113	19	and	and	CCONJ
fbem-27776	113	20	practice	practice	NOUN
fbem-27776	113	21	.	.	PUNCT
fbem-27776	114	1	from	from	ADP
fbem-27776	114	2	a	a	DET
fbem-27776	114	3	theoretical	theoretical	ADJ
fbem-27776	114	4	perspective	perspective	NOUN
fbem-27776	114	5	,	,	PUNCT
fbem-27776	114	6	the	the	DET
fbem-27776	114	7	study	study	NOUN
fbem-27776	114	8	confirms	confirm	VERB
fbem-27776	114	9	the	the	DET
fbem-27776	114	10	crucial	crucial	ADJ
fbem-27776	114	11	role	role	NOUN
fbem-27776	114	12	of	of	ADP
fbem-27776	114	13	venture	venture	NOUN
fbem-27776	114	14	capital	capital	NOUN
fbem-27776	114	15	in	in	ADP
fbem-27776	114	16	promoting	promote	VERB
fbem-27776	114	17	innovation	innovation	NOUN
fbem-27776	114	18	and	and	CCONJ
fbem-27776	114	19	improving	improve	VERB
fbem-27776	114	20	survival	survival	NOUN
fbem-27776	114	21	rates	rate	NOUN
fbem-27776	114	22	,	,	PUNCT
fbem-27776	114	23	particularly	particularly	ADV
fbem-27776	114	24	for	for	ADP
fbem-27776	114	25	technologyintensive	technologyintensive	ADJ
fbem-27776	114	26	industries	industry	NOUN
fbem-27776	114	27	.	.	PUNCT
fbem-27776	115	1	venture	venture	NOUN
fbem-27776	115	2	capital	capital	NOUN
fbem-27776	115	3	not	not	PART
fbem-27776	115	4	only	only	ADV
fbem-27776	115	5	provides	provide	VERB
fbem-27776	115	6	financial	financial	ADJ
fbem-27776	115	7	support	support	NOUN
fbem-27776	115	8	but	but	CCONJ
fbem-27776	115	9	also	also	ADV
fbem-27776	115	10	helps	help	VERB
fbem-27776	115	11	companies	company	NOUN
fbem-27776	115	12	break	break	VERB
fbem-27776	115	13	through	through	ADP
fbem-27776	115	14	technological	technological	ADJ
fbem-27776	115	15	barriers	barrier	NOUN
fbem-27776	115	16	and	and	CCONJ
fbem-27776	115	17	cope	cope	VERB
fbem-27776	115	18	with	with	ADP
fbem-27776	115	19	market	market	NOUN
fbem-27776	115	20	challenges	challenge	NOUN
fbem-27776	115	21	by	by	ADP
fbem-27776	115	22	participating	participate	VERB
fbem-27776	115	23	in	in	ADP
fbem-27776	115	24	management	management	NOUN
fbem-27776	115	25	decisions	decision	NOUN
fbem-27776	115	26	and	and	CCONJ
fbem-27776	115	27	strategic	strategic	ADJ
fbem-27776	115	28	planning	planning	NOUN
fbem-27776	115	29	.	.	PUNCT
fbem-27776	116	1	this	this	PRON
fbem-27776	116	2	also	also	ADV
fbem-27776	116	3	enriches	enrich	VERB
fbem-27776	116	4	the	the	DET
fbem-27776	116	5	theoretical	theoretical	ADJ
fbem-27776	116	6	research	research	NOUN
fbem-27776	116	7	on	on	ADP
fbem-27776	116	8	the	the	DET
fbem-27776	116	9	relationship	relationship	NOUN
fbem-27776	116	10	between	between	ADP
fbem-27776	116	11	venture	venture	NOUN
fbem-27776	116	12	capital	capital	NOUN
fbem-27776	116	13	and	and	CCONJ
fbem-27776	116	14	corporate	corporate	ADJ
fbem-27776	116	15	innovation	innovation	NOUN
fbem-27776	116	16	,	,	PUNCT
fbem-27776	116	17	demonstrating	demonstrate	VERB
fbem-27776	116	18	that	that	SCONJ
fbem-27776	116	19	venture	venture	NOUN
fbem-27776	116	20	capital	capital	NOUN
fbem-27776	116	21	is	be	AUX
fbem-27776	116	22	not	not	PART
fbem-27776	116	23	merely	merely	ADV
fbem-27776	116	24	a	a	DET
fbem-27776	116	25	provider	provider	NOUN
fbem-27776	116	26	of	of	ADP
fbem-27776	116	27	capital	capital	NOUN
fbem-27776	116	28	but	but	CCONJ
fbem-27776	116	29	also	also	ADV
fbem-27776	116	30	a	a	DET
fbem-27776	116	31	catalyst	catalyst	NOUN
fbem-27776	116	32	for	for	ADP
fbem-27776	116	33	business	business	NOUN
fbem-27776	116	34	growth	growth	NOUN
fbem-27776	116	35	.	.	PUNCT
fbem-27776	117	1	from	from	ADP
fbem-27776	117	2	a	a	DET
fbem-27776	117	3	practical	practical	ADJ
fbem-27776	117	4	perspective	perspective	NOUN
fbem-27776	117	5	,	,	PUNCT
fbem-27776	117	6	the	the	DET
fbem-27776	117	7	study	study	NOUN
fbem-27776	117	8	offers	offer	VERB
fbem-27776	117	9	several	several	ADJ
fbem-27776	117	10	insights	insight	NOUN
fbem-27776	117	11	for	for	ADP
fbem-27776	117	12	policymakers	policymaker	NOUN
fbem-27776	117	13	,	,	PUNCT
fbem-27776	117	14	investors	investor	NOUN
fbem-27776	117	15	,	,	PUNCT
fbem-27776	117	16	and	and	CCONJ
fbem-27776	117	17	startups	startup	NOUN
fbem-27776	117	18	.	.	PUNCT
fbem-27776	118	1	first	first	ADV
fbem-27776	118	2	,	,	PUNCT
fbem-27776	118	3	policymakers	policymaker	NOUN
fbem-27776	118	4	can	can	AUX
fbem-27776	118	5	further	far	ADV
fbem-27776	118	6	optimize	optimize	VERB
fbem-27776	118	7	the	the	DET
fbem-27776	118	8	venture	venture	NOUN
fbem-27776	118	9	capital	capital	NOUN
fbem-27776	118	10	environment	environment	NOUN
fbem-27776	118	11	(	(	PUNCT
fbem-27776	118	12	e.g.	e.g.	ADV
fbem-27776	118	13	,	,	PUNCT
fbem-27776	118	14	tax	tax	NOUN
fbem-27776	118	15	incentives	incentive	NOUN
fbem-27776	118	16	,	,	PUNCT
fbem-27776	118	17	regulatory	regulatory	ADJ
fbem-27776	118	18	policies	policy	NOUN
fbem-27776	118	19	)	)	PUNCT
fbem-27776	118	20	to	to	PART
fbem-27776	118	21	support	support	VERB
fbem-27776	118	22	the	the	DET
fbem-27776	118	23	development	development	NOUN
fbem-27776	118	24	of	of	ADP
fbem-27776	118	25	innovative	innovative	ADJ
fbem-27776	118	26	enterprises	enterprise	NOUN
fbem-27776	118	27	.	.	PUNCT
fbem-27776	119	1	second	second	ADJ
fbem-27776	119	2	,	,	PUNCT
fbem-27776	119	3	investors	investor	NOUN
fbem-27776	119	4	can	can	AUX
fbem-27776	119	5	formulate	formulate	VERB
fbem-27776	119	6	more	more	ADJ
fbem-27776	119	7	refined	refined	ADJ
fbem-27776	119	8	investment	investment	NOUN
fbem-27776	119	9	strategies	strategy	NOUN
fbem-27776	119	10	based	base	VERB
fbem-27776	119	11	on	on	ADP
fbem-27776	119	12	the	the	DET
fbem-27776	119	13	characteristics	characteristic	NOUN
fbem-27776	119	14	of	of	ADP
fbem-27776	119	15	different	different	ADJ
fbem-27776	119	16	industries	industry	NOUN
fbem-27776	119	17	,	,	PUNCT
fbem-27776	119	18	such	such	ADJ
fbem-27776	119	19	as	as	ADP
fbem-27776	119	20	increasing	increase	VERB
fbem-27776	119	21	investment	investment	NOUN
fbem-27776	119	22	in	in	ADP
fbem-27776	119	23	technology	technology	NOUN
fbem-27776	119	24	-	-	PUNCT
fbem-27776	119	25	intensive	intensive	ADJ
fbem-27776	119	26	sectors	sector	NOUN
fbem-27776	119	27	while	while	SCONJ
fbem-27776	119	28	improving	improve	VERB
fbem-27776	119	29	investment	investment	NOUN
fbem-27776	119	30	efficiency	efficiency	NOUN
fbem-27776	119	31	in	in	ADP
fbem-27776	119	32	traditional	traditional	ADJ
fbem-27776	119	33	industries	industry	NOUN
fbem-27776	119	34	through	through	ADP
fbem-27776	119	35	resource	resource	NOUN
fbem-27776	119	36	integration	integration	NOUN
fbem-27776	119	37	.	.	PUNCT
fbem-27776	120	1	finally	finally	ADV
fbem-27776	120	2	,	,	PUNCT
fbem-27776	120	3	startups	startup	NOUN
fbem-27776	120	4	should	should	AUX
fbem-27776	120	5	actively	actively	ADV
fbem-27776	120	6	seek	seek	VERB
fbem-27776	120	7	venture	venture	NOUN
fbem-27776	120	8	capital	capital	NOUN
fbem-27776	120	9	to	to	PART
fbem-27776	120	10	gain	gain	VERB
fbem-27776	120	11	the	the	DET
fbem-27776	120	12	capital	capital	NOUN
fbem-27776	120	13	and	and	CCONJ
fbem-27776	120	14	resources	resource	NOUN
fbem-27776	120	15	needed	need	VERB
fbem-27776	120	16	to	to	PART
fbem-27776	120	17	enhance	enhance	VERB
fbem-27776	120	18	their	their	PRON
fbem-27776	120	19	chances	chance	NOUN
fbem-27776	120	20	of	of	ADP
fbem-27776	120	21	survival	survival	NOUN
fbem-27776	120	22	and	and	CCONJ
fbem-27776	120	23	development	development	NOUN
fbem-27776	120	24	.	.	PUNCT
fbem-27776	121	1	5.3	5.3	NUM
fbem-27776	121	2	.	.	PUNCT
fbem-27776	121	3	limitations	limitation	NOUN
fbem-27776	121	4	of	of	ADP
fbem-27776	121	5	the	the	DET
fbem-27776	121	6	study	study	NOUN
fbem-27776	121	7	5.3.1	5.3.1	PROPN
fbem-27776	121	8	.	.	PUNCT
fbem-27776	121	9	data	datum	NOUN
fbem-27776	121	10	limitations	limitation	NOUN
fbem-27776	121	11	although	although	SCONJ
fbem-27776	121	12	this	this	DET
fbem-27776	121	13	study	study	NOUN
fbem-27776	121	14	is	be	AUX
fbem-27776	121	15	based	base	VERB
fbem-27776	121	16	on	on	ADP
fbem-27776	121	17	reliable	reliable	ADJ
fbem-27776	121	18	data	datum	NOUN
fbem-27776	121	19	sources	source	NOUN
fbem-27776	121	20	,	,	PUNCT
fbem-27776	121	21	there	there	PRON
fbem-27776	121	22	are	be	VERB
fbem-27776	121	23	still	still	ADV
fbem-27776	121	24	certain	certain	ADJ
fbem-27776	121	25	limitations	limitation	NOUN
fbem-27776	121	26	.	.	PUNCT
fbem-27776	122	1	the	the	DET
fbem-27776	122	2	time	time	NOUN
fbem-27776	122	3	span	span	NOUN
fbem-27776	122	4	of	of	ADP
fbem-27776	122	5	the	the	DET
fbem-27776	122	6	data	data	NOUN
fbem-27776	122	7	is	be	AUX
fbem-27776	122	8	from	from	ADP
fbem-27776	122	9	2015	2015	NUM
fbem-27776	122	10	to	to	ADP
fbem-27776	122	11	2022	2022	NUM
fbem-27776	122	12	,	,	PUNCT
fbem-27776	122	13	covering	cover	VERB
fbem-27776	122	14	multiple	multiple	ADJ
fbem-27776	122	15	economic	economic	ADJ
fbem-27776	122	16	cycles	cycle	NOUN
fbem-27776	122	17	,	,	PUNCT
fbem-27776	122	18	but	but	CCONJ
fbem-27776	122	19	it	it	PRON
fbem-27776	122	20	is	be	AUX
fbem-27776	122	21	insufficient	insufficient	ADJ
fbem-27776	122	22	to	to	PART
fbem-27776	122	23	capture	capture	VERB
fbem-27776	122	24	long	long	ADJ
fbem-27776	122	25	-	-	PUNCT
fbem-27776	122	26	term	term	NOUN
fbem-27776	122	27	trends	trend	NOUN
fbem-27776	122	28	.	.	PUNCT
fbem-27776	123	1	especially	especially	ADV
fbem-27776	123	2	in	in	ADP
fbem-27776	123	3	the	the	DET
fbem-27776	123	4	context	context	NOUN
fbem-27776	123	5	of	of	ADP
fbem-27776	123	6	significant	significant	ADJ
fbem-27776	123	7	global	global	ADJ
fbem-27776	123	8	economic	economic	ADJ
fbem-27776	123	9	fluctuations	fluctuation	NOUN
fbem-27776	123	10	and	and	CCONJ
fbem-27776	123	11	dynamic	dynamic	ADJ
fbem-27776	123	12	capital	capital	NOUN
fbem-27776	123	13	markets	market	NOUN
fbem-27776	123	14	,	,	PUNCT
fbem-27776	123	15	short	short	ADJ
fbem-27776	123	16	-	-	PUNCT
fbem-27776	123	17	term	term	NOUN
fbem-27776	123	18	data	datum	NOUN
fbem-27776	123	19	may	may	AUX
fbem-27776	123	20	not	not	PART
fbem-27776	123	21	fully	fully	ADV
fbem-27776	123	22	capture	capture	VERB
fbem-27776	123	23	the	the	DET
fbem-27776	123	24	long	long	ADJ
fbem-27776	123	25	-	-	PUNCT
fbem-27776	123	26	term	term	NOUN
fbem-27776	123	27	impact	impact	NOUN
fbem-27776	123	28	of	of	ADP
fbem-27776	123	29	venture	venture	NOUN
fbem-27776	123	30	capital	capital	NOUN
fbem-27776	123	31	on	on	ADP
fbem-27776	123	32	company	company	NOUN
fbem-27776	123	33	survival	survival	NOUN
fbem-27776	123	34	rates	rate	NOUN
fbem-27776	123	35	.	.	PUNCT
fbem-27776	124	1	the	the	DET
fbem-27776	124	2	study	study	NOUN
fbem-27776	124	3	primarily	primarily	ADV
fbem-27776	124	4	focuses	focus	VERB
fbem-27776	124	5	on	on	ADP
fbem-27776	124	6	startups	startup	NOUN
fbem-27776	124	7	in	in	ADP
fbem-27776	124	8	china	china	PROPN
fbem-27776	124	9	and	and	CCONJ
fbem-27776	124	10	the	the	DET
fbem-27776	124	11	united	united	PROPN
fbem-27776	124	12	states	states	PROPN
fbem-27776	124	13	,	,	PUNCT
fbem-27776	124	14	and	and	CCONJ
fbem-27776	124	15	while	while	SCONJ
fbem-27776	124	16	these	these	DET
fbem-27776	124	17	two	two	NUM
fbem-27776	124	18	markets	market	NOUN
fbem-27776	124	19	have	have	VERB
fbem-27776	124	20	global	global	ADJ
fbem-27776	124	21	representativeness	representativeness	NOUN
fbem-27776	124	22	,	,	PUNCT
fbem-27776	124	23	the	the	DET
fbem-27776	124	24	effects	effect	NOUN
fbem-27776	124	25	of	of	ADP
fbem-27776	124	26	venture	venture	NOUN
fbem-27776	124	27	capital	capital	NOUN
fbem-27776	124	28	on	on	ADP
fbem-27776	124	29	the	the	DET
fbem-27776	124	30	survival	survival	NOUN
fbem-27776	124	31	rates	rate	NOUN
fbem-27776	124	32	of	of	ADP
fbem-27776	124	33	startups	startup	NOUN
fbem-27776	124	34	in	in	ADP
fbem-27776	124	35	other	other	ADJ
fbem-27776	124	36	regions	region	NOUN
fbem-27776	124	37	(	(	PUNCT
fbem-27776	124	38	such	such	ADJ
fbem-27776	124	39	as	as	ADP
fbem-27776	124	40	europe	europe	PROPN
fbem-27776	124	41	,	,	PUNCT
fbem-27776	124	42	southeast	southeast	PROPN
fbem-27776	124	43	asia	asia	PROPN
fbem-27776	124	44	,	,	PUNCT
fbem-27776	124	45	and	and	CCONJ
fbem-27776	124	46	other	other	ADJ
fbem-27776	124	47	emerging	emerge	VERB
fbem-27776	124	48	markets	market	NOUN
fbem-27776	124	49	)	)	PUNCT
fbem-27776	124	50	may	may	AUX
fbem-27776	124	51	differ	differ	VERB
fbem-27776	124	52	.	.	PUNCT
fbem-27776	125	1	therefore	therefore	ADV
fbem-27776	125	2	,	,	PUNCT
fbem-27776	125	3	the	the	DET
fbem-27776	125	4	research	research	NOUN
fbem-27776	125	5	conclusions	conclusion	NOUN
fbem-27776	125	6	may	may	AUX
fbem-27776	125	7	not	not	PART
fbem-27776	125	8	be	be	AUX
fbem-27776	125	9	fully	fully	ADV
fbem-27776	125	10	applicable	applicable	ADJ
fbem-27776	125	11	to	to	ADP
fbem-27776	125	12	other	other	ADJ
fbem-27776	125	13	global	global	ADJ
fbem-27776	125	14	markets	market	NOUN
fbem-27776	125	15	.	.	PUNCT
fbem-27776	126	1	furthermore	furthermore	ADV
fbem-27776	126	2	,	,	PUNCT
fbem-27776	126	3	the	the	DET
fbem-27776	126	4	study	study	NOUN
fbem-27776	126	5	primarily	primarily	ADV
fbem-27776	126	6	focuses	focus	VERB
fbem-27776	126	7	on	on	ADP
fbem-27776	126	8	technology	technology	NOUN
fbem-27776	126	9	-	-	PUNCT
fbem-27776	126	10	intensive	intensive	ADJ
fbem-27776	126	11	industries	industry	NOUN
fbem-27776	126	12	,	,	PUNCT
fbem-27776	126	13	neglecting	neglect	VERB
fbem-27776	126	14	startups	startup	NOUN
fbem-27776	126	15	in	in	ADP
fbem-27776	126	16	traditional	traditional	ADJ
fbem-27776	126	17	manufacturing	manufacturing	NOUN
fbem-27776	126	18	,	,	PUNCT
fbem-27776	126	19	services	service	NOUN
fbem-27776	126	20	,	,	PUNCT
fbem-27776	126	21	and	and	CCONJ
fbem-27776	126	22	other	other	ADJ
fbem-27776	126	23	sectors	sector	NOUN
fbem-27776	126	24	.	.	PUNCT
fbem-27776	127	1	venture	venture	NOUN
fbem-27776	127	2	capital	capital	NOUN
fbem-27776	127	3	may	may	AUX
fbem-27776	127	4	have	have	VERB
fbem-27776	127	5	different	different	ADJ
fbem-27776	127	6	effects	effect	NOUN
fbem-27776	127	7	in	in	ADP
fbem-27776	127	8	these	these	DET
fbem-27776	127	9	industries	industry	NOUN
fbem-27776	127	10	,	,	PUNCT
fbem-27776	127	11	and	and	CCONJ
fbem-27776	127	12	future	future	ADJ
fbem-27776	127	13	research	research	NOUN
fbem-27776	127	14	can	can	AUX
fbem-27776	127	15	expand	expand	VERB
fbem-27776	127	16	to	to	ADP
fbem-27776	127	17	more	more	ADJ
fbem-27776	127	18	sectors	sector	NOUN
fbem-27776	127	19	to	to	PART
fbem-27776	127	20	more	more	ADV
fbem-27776	127	21	comprehensively	comprehensively	ADV
fbem-27776	127	22	evaluate	evaluate	VERB
fbem-27776	127	23	the	the	DET
fbem-27776	127	24	role	role	NOUN
fbem-27776	127	25	of	of	ADP
fbem-27776	127	26	venture	venture	NOUN
fbem-27776	127	27	capital	capital	NOUN
fbem-27776	127	28	.	.	PUNCT
fbem-27776	128	1	5.3.2	5.3.2	X
fbem-27776	128	2	.	.	PUNCT
fbem-27776	128	3	methodological	methodological	ADJ
fbem-27776	128	4	limitations	limitation	NOUN
fbem-27776	128	5	in	in	ADP
fbem-27776	128	6	addition	addition	NOUN
fbem-27776	128	7	to	to	ADP
fbem-27776	128	8	data	datum	NOUN
fbem-27776	128	9	limitations	limitation	NOUN
fbem-27776	129	1	,	,	PUNCT
fbem-27776	129	2	this	this	DET
fbem-27776	129	3	study	study	NOUN
fbem-27776	129	4	also	also	ADV
fbem-27776	129	5	has	have	VERB
fbem-27776	129	6	certain	certain	ADJ
fbem-27776	129	7	methodological	methodological	ADJ
fbem-27776	129	8	shortcomings	shortcoming	NOUN
fbem-27776	129	9	.	.	PUNCT
fbem-27776	130	1	although	although	SCONJ
fbem-27776	130	2	regression	regression	NOUN
fbem-27776	130	3	analysis	analysis	NOUN
fbem-27776	130	4	was	be	AUX
fbem-27776	130	5	used	use	VERB
fbem-27776	130	6	to	to	PART
fbem-27776	130	7	reveal	reveal	VERB
fbem-27776	130	8	the	the	DET
fbem-27776	130	9	relationship	relationship	NOUN
fbem-27776	130	10	between	between	ADP
fbem-27776	130	11	venture	venture	NOUN
fbem-27776	130	12	capital	capital	NOUN
fbem-27776	130	13	and	and	CCONJ
fbem-27776	130	14	startup	startup	VERB
fbem-27776	130	15	survival	survival	NOUN
fbem-27776	130	16	rates	rate	NOUN
fbem-27776	130	17	,	,	PUNCT
fbem-27776	130	18	the	the	DET
fbem-27776	130	19	observational	observational	ADJ
fbem-27776	130	20	nature	nature	NOUN
fbem-27776	130	21	of	of	ADP
fbem-27776	130	22	the	the	DET
fbem-27776	130	23	data	datum	NOUN
fbem-27776	130	24	still	still	ADV
fbem-27776	130	25	leaves	leave	VERB
fbem-27776	130	26	room	room	NOUN
fbem-27776	130	27	for	for	ADP
fbem-27776	130	28	uncertainty	uncertainty	NOUN
fbem-27776	130	29	in	in	ADP
fbem-27776	130	30	causality	causality	NOUN
fbem-27776	130	31	.	.	PUNCT
fbem-27776	131	1	for	for	ADP
fbem-27776	131	2	example	example	NOUN
fbem-27776	131	3	,	,	PUNCT
fbem-27776	131	4	do	do	AUX
fbem-27776	131	5	companies	company	NOUN
fbem-27776	131	6	that	that	PRON
fbem-27776	131	7	receive	receive	VERB
fbem-27776	131	8	venture	venture	NOUN
fbem-27776	131	9	capital	capital	NOUN
fbem-27776	131	10	inherently	inherently	ADV
fbem-27776	131	11	have	have	VERB
fbem-27776	131	12	a	a	DET
fbem-27776	131	13	higher	high	ADJ
fbem-27776	131	14	likelihood	likelihood	NOUN
fbem-27776	131	15	of	of	ADP
fbem-27776	131	16	survival	survival	NOUN
fbem-27776	131	17	,	,	PUNCT
fbem-27776	131	18	thereby	thereby	ADV
fbem-27776	131	19	attracting	attract	VERB
fbem-27776	131	20	more	more	ADJ
fbem-27776	131	21	investment	investment	NOUN
fbem-27776	131	22	?	?	PUNCT
fbem-27776	132	1	future	future	ADJ
fbem-27776	132	2	research	research	NOUN
fbem-27776	132	3	can	can	AUX
fbem-27776	132	4	improve	improve	VERB
fbem-27776	132	5	the	the	DET
fbem-27776	132	6	precision	precision	NOUN
fbem-27776	132	7	of	of	ADP
fbem-27776	132	8	causal	causal	ADJ
fbem-27776	132	9	inference	inference	NOUN
fbem-27776	132	10	through	through	ADP
fbem-27776	132	11	experimental	experimental	ADJ
fbem-27776	132	12	design	design	NOUN
fbem-27776	132	13	or	or	CCONJ
fbem-27776	132	14	more	more	ADV
fbem-27776	132	15	complex	complex	ADJ
fbem-27776	132	16	statistical	statistical	ADJ
fbem-27776	132	17	models	model	NOUN
fbem-27776	132	18	,	,	PUNCT
fbem-27776	132	19	such	such	ADJ
fbem-27776	132	20	as	as	ADP
fbem-27776	132	21	instrumental	instrumental	ADJ
fbem-27776	132	22	variables	variable	NOUN
fbem-27776	132	23	.	.	PUNCT
fbem-27776	133	1	although	although	SCONJ
fbem-27776	133	2	various	various	ADJ
fbem-27776	133	3	control	control	NOUN
fbem-27776	133	4	variables	variable	NOUN
fbem-27776	133	5	(	(	PUNCT
fbem-27776	133	6	e.g.	e.g.	ADV
fbem-27776	133	7	,	,	PUNCT
fbem-27776	133	8	firm	firm	ADJ
fbem-27776	133	9	size	size	NOUN
fbem-27776	133	10	,	,	PUNCT
fbem-27776	133	11	r&d	r&d	NOUN
fbem-27776	133	12	investment	investment	NOUN
fbem-27776	133	13	)	)	PUNCT
fbem-27776	133	14	were	be	AUX
fbem-27776	133	15	introduced	introduce	VERB
fbem-27776	133	16	in	in	ADP
fbem-27776	133	17	the	the	DET
fbem-27776	133	18	study	study	NOUN
fbem-27776	133	19	,	,	PUNCT
fbem-27776	133	20	some	some	DET
fbem-27776	133	21	potential	potential	ADJ
fbem-27776	133	22	influencing	influence	VERB
fbem-27776	133	23	factors	factor	NOUN
fbem-27776	133	24	were	be	AUX
fbem-27776	133	25	not	not	PART
fbem-27776	133	26	fully	fully	ADV
fbem-27776	133	27	considered	consider	VERB
fbem-27776	133	28	.	.	PUNCT
fbem-27776	134	1	for	for	ADP
fbem-27776	134	2	instance	instance	NOUN
fbem-27776	134	3	,	,	PUNCT
fbem-27776	134	4	the	the	DET
fbem-27776	134	5	experience	experience	NOUN
fbem-27776	134	6	of	of	ADP
fbem-27776	134	7	the	the	DET
fbem-27776	134	8	founding	found	VERB
fbem-27776	134	9	team	team	NOUN
fbem-27776	134	10	,	,	PUNCT
fbem-27776	134	11	company	company	NOUN
fbem-27776	134	12	culture	culture	NOUN
fbem-27776	134	13	,	,	PUNCT
fbem-27776	134	14	and	and	CCONJ
fbem-27776	134	15	industry	industry	NOUN
fbem-27776	134	16	policies	policy	NOUN
fbem-27776	134	17	may	may	AUX
fbem-27776	134	18	also	also	ADV
fbem-27776	134	19	significantly	significantly	ADV
fbem-27776	134	20	impact	impact	VERB
fbem-27776	134	21	the	the	DET
fbem-27776	134	22	survival	survival	NOUN
fbem-27776	134	23	rate	rate	NOUN
fbem-27776	134	24	of	of	ADP
fbem-27776	134	25	startups	startup	NOUN
fbem-27776	134	26	,	,	PUNCT
fbem-27776	134	27	but	but	CCONJ
fbem-27776	134	28	due	due	ADP
fbem-27776	134	29	to	to	ADP
fbem-27776	134	30	data	datum	NOUN
fbem-27776	134	31	limitations	limitation	NOUN
fbem-27776	134	32	,	,	PUNCT
fbem-27776	134	33	these	these	DET
fbem-27776	134	34	variables	variable	NOUN
fbem-27776	134	35	were	be	AUX
fbem-27776	134	36	not	not	PART
fbem-27776	134	37	included	include	VERB
fbem-27776	134	38	in	in	ADP
fbem-27776	134	39	the	the	DET
fbem-27776	134	40	analysis	analysis	NOUN
fbem-27776	134	41	.	.	PUNCT
fbem-27776	135	1	additionally	additionally	ADV
fbem-27776	135	2	,	,	PUNCT
fbem-27776	135	3	this	this	DET
fbem-27776	135	4	study	study	NOUN
fbem-27776	135	5	primarily	primarily	ADV
fbem-27776	135	6	adopts	adopt	VERB
fbem-27776	135	7	static	static	ADJ
fbem-27776	135	8	analysis	analysis	NOUN
fbem-27776	135	9	and	and	CCONJ
fbem-27776	135	10	does	do	AUX
fbem-27776	135	11	not	not	PART
fbem-27776	135	12	fully	fully	ADV
fbem-27776	135	13	consider	consider	VERB
fbem-27776	135	14	the	the	DET
fbem-27776	135	15	dynamic	dynamic	ADJ
fbem-27776	135	16	effects	effect	NOUN
fbem-27776	135	17	of	of	ADP
fbem-27776	135	18	venture	venture	NOUN
fbem-27776	135	19	capital	capital	NOUN
fbem-27776	135	20	on	on	ADP
fbem-27776	135	21	company	company	NOUN
fbem-27776	135	22	survival	survival	NOUN
fbem-27776	135	23	rates	rate	NOUN
fbem-27776	135	24	.	.	PUNCT
fbem-27776	136	1	future	future	ADJ
fbem-27776	136	2	research	research	NOUN
fbem-27776	136	3	could	could	AUX
fbem-27776	136	4	incorporate	incorporate	VERB
fbem-27776	136	5	dynamic	dynamic	ADJ
fbem-27776	136	6	panel	panel	NOUN
fbem-27776	136	7	models	model	NOUN
fbem-27776	136	8	or	or	CCONJ
fbem-27776	136	9	use	use	VERB
fbem-27776	136	10	time	time	NOUN
fbem-27776	136	11	-	-	PUNCT
fbem-27776	136	12	series	series	NOUN
fbem-27776	136	13	data	datum	NOUN
fbem-27776	136	14	to	to	PART
fbem-27776	136	15	analyze	analyze	VERB
fbem-27776	136	16	the	the	DET
fbem-27776	136	17	evolving	evolve	VERB
fbem-27776	136	18	role	role	NOUN
fbem-27776	136	19	of	of	ADP
fbem-27776	136	20	venture	venture	NOUN
fbem-27776	136	21	441	441	NUM
fbem-27776	136	22	capital	capital	NOUN
fbem-27776	136	23	at	at	ADP
fbem-27776	136	24	different	different	ADJ
fbem-27776	136	25	stages	stage	NOUN
fbem-27776	136	26	of	of	ADP
fbem-27776	136	27	a	a	DET
fbem-27776	136	28	company	company	NOUN
fbem-27776	136	29	's	's	PART
fbem-27776	136	30	development	development	NOUN
fbem-27776	136	31	.	.	PUNCT
fbem-27776	137	1	recognizing	recognize	VERB
fbem-27776	137	2	these	these	DET
fbem-27776	137	3	limitations	limitation	NOUN
fbem-27776	137	4	can	can	AUX
fbem-27776	137	5	provide	provide	VERB
fbem-27776	137	6	directions	direction	NOUN
fbem-27776	137	7	for	for	ADP
fbem-27776	137	8	future	future	ADJ
fbem-27776	137	9	research	research	NOUN
fbem-27776	137	10	,	,	PUNCT
fbem-27776	137	11	further	far	ADV
fbem-27776	137	12	deepening	deepen	VERB
fbem-27776	137	13	our	our	PRON
fbem-27776	137	14	understanding	understanding	NOUN
fbem-27776	137	15	of	of	ADP
fbem-27776	137	16	the	the	DET
fbem-27776	137	17	relationship	relationship	NOUN
fbem-27776	137	18	between	between	ADP
fbem-27776	137	19	venture	venture	NOUN
fbem-27776	137	20	capital	capital	NOUN
fbem-27776	137	21	and	and	CCONJ
fbem-27776	137	22	the	the	DET
fbem-27776	137	23	survival	survival	NOUN
fbem-27776	137	24	rate	rate	NOUN
fbem-27776	137	25	of	of	ADP
fbem-27776	137	26	startups	startup	NOUN
fbem-27776	137	27	.	.	PUNCT
fbem-27776	138	1	6	6	X
fbem-27776	138	2	.	.	X
fbem-27776	138	3	conclusion	conclusion	NOUN
fbem-27776	138	4	and	and	CCONJ
fbem-27776	138	5	recommendations	recommendation	NOUN
fbem-27776	138	6	this	this	DET
fbem-27776	138	7	study	study	NOUN
fbem-27776	138	8	found	find	VERB
fbem-27776	138	9	that	that	SCONJ
fbem-27776	138	10	venture	venture	NOUN
fbem-27776	138	11	capital	capital	NOUN
fbem-27776	138	12	significantly	significantly	ADV
fbem-27776	138	13	boosts	boost	VERB
fbem-27776	138	14	the	the	DET
fbem-27776	138	15	survival	survival	NOUN
fbem-27776	138	16	rate	rate	NOUN
fbem-27776	138	17	of	of	ADP
fbem-27776	138	18	startups	startup	NOUN
fbem-27776	138	19	,	,	PUNCT
fbem-27776	138	20	particularly	particularly	ADV
fbem-27776	138	21	in	in	ADP
fbem-27776	138	22	innovation	innovation	NOUN
fbem-27776	138	23	-	-	PUNCT
fbem-27776	138	24	driven	drive	VERB
fbem-27776	138	25	industries	industry	NOUN
fbem-27776	138	26	like	like	ADP
fbem-27776	138	27	information	information	NOUN
fbem-27776	138	28	technology	technology	NOUN
fbem-27776	138	29	and	and	CCONJ
fbem-27776	138	30	biopharmaceuticals	biopharmaceutical	NOUN
fbem-27776	138	31	.	.	PUNCT
fbem-27776	139	1	besides	besides	SCONJ
fbem-27776	139	2	financial	financial	ADJ
fbem-27776	139	3	support	support	NOUN
fbem-27776	139	4	,	,	PUNCT
fbem-27776	139	5	venture	venture	NOUN
fbem-27776	139	6	capital	capital	NOUN
fbem-27776	139	7	enhances	enhance	VERB
fbem-27776	139	8	survival	survival	NOUN
fbem-27776	139	9	chances	chance	NOUN
fbem-27776	139	10	through	through	ADP
fbem-27776	139	11	strategic	strategic	ADJ
fbem-27776	139	12	management	management	NOUN
fbem-27776	139	13	and	and	CCONJ
fbem-27776	139	14	resource	resource	NOUN
fbem-27776	139	15	integration	integration	NOUN
fbem-27776	139	16	.	.	PUNCT
fbem-27776	140	1	companies	company	NOUN
fbem-27776	140	2	backed	back	VERB
fbem-27776	140	3	by	by	ADP
fbem-27776	140	4	venture	venture	NOUN
fbem-27776	140	5	capital	capital	NOUN
fbem-27776	140	6	also	also	ADV
fbem-27776	140	7	outperform	outperform	VERB
fbem-27776	140	8	others	other	NOUN
fbem-27776	140	9	in	in	ADP
fbem-27776	140	10	patent	patent	NOUN
fbem-27776	140	11	applications	application	NOUN
fbem-27776	140	12	and	and	CCONJ
fbem-27776	140	13	revenue	revenue	NOUN
fbem-27776	140	14	growth	growth	NOUN
fbem-27776	140	15	.	.	PUNCT
fbem-27776	141	1	high	high	ADJ
fbem-27776	141	2	-	-	PUNCT
fbem-27776	141	3	tech	tech	NOUN
fbem-27776	141	4	industries	industry	NOUN
fbem-27776	141	5	benefit	benefit	VERB
fbem-27776	141	6	the	the	DET
fbem-27776	141	7	most	most	ADJ
fbem-27776	141	8	,	,	PUNCT
fbem-27776	141	9	while	while	SCONJ
fbem-27776	141	10	sectors	sector	NOUN
fbem-27776	141	11	like	like	ADP
fbem-27776	141	12	clean	clean	ADJ
fbem-27776	141	13	energy	energy	NOUN
fbem-27776	141	14	,	,	PUNCT
fbem-27776	141	15	with	with	ADP
fbem-27776	141	16	longer	long	ADJ
fbem-27776	141	17	return	return	VERB
fbem-27776	141	18	cycles	cycle	NOUN
fbem-27776	141	19	and	and	CCONJ
fbem-27776	141	20	higher	high	ADJ
fbem-27776	141	21	uncertainty	uncertainty	NOUN
fbem-27776	141	22	,	,	PUNCT
fbem-27776	141	23	see	see	VERB
fbem-27776	141	24	a	a	DET
fbem-27776	141	25	smaller	small	ADJ
fbem-27776	141	26	impact	impact	NOUN
fbem-27776	141	27	.	.	PUNCT
fbem-27776	142	1	venture	venture	NOUN
fbem-27776	142	2	capital	capital	NOUN
fbem-27776	142	3	also	also	ADV
fbem-27776	142	4	promotes	promote	VERB
fbem-27776	142	5	technological	technological	ADJ
fbem-27776	142	6	innovation	innovation	NOUN
fbem-27776	142	7	and	and	CCONJ
fbem-27776	142	8	market	market	NOUN
fbem-27776	142	9	expansion	expansion	NOUN
fbem-27776	142	10	,	,	PUNCT
fbem-27776	142	11	particularly	particularly	ADV
fbem-27776	142	12	in	in	ADP
fbem-27776	142	13	patent	patent	NOUN
fbem-27776	142	14	applications	application	NOUN
fbem-27776	142	15	and	and	CCONJ
fbem-27776	142	16	breakthroughs	breakthrough	NOUN
fbem-27776	142	17	.	.	PUNCT
fbem-27776	143	1	policy	policy	NOUN
fbem-27776	143	2	recommendations	recommendation	NOUN
fbem-27776	143	3	include	include	VERB
fbem-27776	143	4	increasing	increase	VERB
fbem-27776	143	5	government	government	NOUN
fbem-27776	143	6	support	support	NOUN
fbem-27776	143	7	for	for	ADP
fbem-27776	143	8	venture	venture	NOUN
fbem-27776	143	9	capital	capital	NOUN
fbem-27776	143	10	through	through	ADP
fbem-27776	143	11	tax	tax	NOUN
fbem-27776	143	12	incentives	incentive	NOUN
fbem-27776	143	13	and	and	CCONJ
fbem-27776	143	14	diversified	diversified	ADJ
fbem-27776	143	15	financing	financing	NOUN
fbem-27776	143	16	,	,	PUNCT
fbem-27776	143	17	simplifying	simplify	VERB
fbem-27776	143	18	administrative	administrative	ADJ
fbem-27776	143	19	processes	process	NOUN
fbem-27776	143	20	,	,	PUNCT
fbem-27776	143	21	and	and	CCONJ
fbem-27776	143	22	promoting	promote	VERB
fbem-27776	143	23	capital	capital	NOUN
fbem-27776	143	24	flow	flow	NOUN
fbem-27776	143	25	between	between	ADP
fbem-27776	143	26	venture	venture	NOUN
fbem-27776	143	27	funds	fund	NOUN
fbem-27776	143	28	and	and	CCONJ
fbem-27776	143	29	startups	startup	NOUN
fbem-27776	143	30	,	,	PUNCT
fbem-27776	143	31	especially	especially	ADV
fbem-27776	143	32	in	in	ADP
fbem-27776	143	33	high	high	ADJ
fbem-27776	143	34	-	-	PUNCT
fbem-27776	143	35	risk	risk	NOUN
fbem-27776	143	36	tech	tech	NOUN
fbem-27776	143	37	sectors	sector	NOUN
fbem-27776	143	38	.	.	PUNCT
fbem-27776	144	1	the	the	DET
fbem-27776	144	2	government	government	NOUN
fbem-27776	144	3	should	should	AUX
fbem-27776	144	4	also	also	ADV
fbem-27776	144	5	support	support	VERB
fbem-27776	144	6	industry	industry	NOUN
fbem-27776	144	7	diversification	diversification	NOUN
fbem-27776	144	8	,	,	PUNCT
fbem-27776	144	9	especially	especially	ADV
fbem-27776	144	10	in	in	ADP
fbem-27776	144	11	clean	clean	ADJ
fbem-27776	144	12	energy	energy	NOUN
fbem-27776	144	13	and	and	CCONJ
fbem-27776	144	14	traditional	traditional	ADJ
fbem-27776	144	15	manufacturing	manufacturing	NOUN
fbem-27776	144	16	,	,	PUNCT
fbem-27776	144	17	by	by	ADP
fbem-27776	144	18	lowering	lower	VERB
fbem-27776	144	19	investment	investment	NOUN
fbem-27776	144	20	thresholds	threshold	NOUN
fbem-27776	144	21	and	and	CCONJ
fbem-27776	144	22	enhancing	enhance	VERB
fbem-27776	144	23	resilience	resilience	NOUN
fbem-27776	144	24	through	through	ADP
fbem-27776	144	25	innovation	innovation	NOUN
fbem-27776	144	26	ecosystems	ecosystem	NOUN
fbem-27776	144	27	.	.	PUNCT
fbem-27776	145	1	investors	investor	NOUN
fbem-27776	145	2	should	should	AUX
fbem-27776	145	3	adopt	adopt	VERB
fbem-27776	145	4	targeted	targeted	ADJ
fbem-27776	145	5	strategies	strategy	NOUN
fbem-27776	145	6	,	,	PUNCT
fbem-27776	145	7	focusing	focus	VERB
fbem-27776	145	8	on	on	ADP
fbem-27776	145	9	innovation	innovation	NOUN
fbem-27776	145	10	and	and	CCONJ
fbem-27776	145	11	team	team	NOUN
fbem-27776	145	12	quality	quality	NOUN
fbem-27776	145	13	,	,	PUNCT
fbem-27776	145	14	while	while	SCONJ
fbem-27776	145	15	actively	actively	ADV
fbem-27776	145	16	engaging	engage	VERB
fbem-27776	145	17	in	in	ADP
fbem-27776	145	18	management	management	NOUN
fbem-27776	145	19	and	and	CCONJ
fbem-27776	145	20	decision	decision	NOUN
fbem-27776	145	21	-	-	PUNCT
fbem-27776	145	22	making	making	NOUN
fbem-27776	145	23	to	to	PART
fbem-27776	145	24	drive	drive	VERB
fbem-27776	145	25	innovation	innovation	NOUN
fbem-27776	145	26	and	and	CCONJ
fbem-27776	145	27	market	market	NOUN
fbem-27776	145	28	expansion	expansion	NOUN
fbem-27776	145	29	.	.	PUNCT
fbem-27776	146	1	emerging	emerge	VERB
fbem-27776	146	2	markets	market	NOUN
fbem-27776	146	3	in	in	ADP
fbem-27776	146	4	southeast	southeast	PROPN
fbem-27776	146	5	asia	asia	PROPN
fbem-27776	146	6	and	and	CCONJ
fbem-27776	146	7	africa	africa	PROPN
fbem-27776	146	8	also	also	ADV
fbem-27776	146	9	offer	offer	VERB
fbem-27776	146	10	significant	significant	ADJ
fbem-27776	146	11	investment	investment	NOUN
fbem-27776	146	12	potential	potential	NOUN
fbem-27776	146	13	.	.	PUNCT
fbem-27776	147	1	future	future	ADJ
fbem-27776	147	2	research	research	NOUN
fbem-27776	147	3	should	should	AUX
fbem-27776	147	4	expand	expand	VERB
fbem-27776	147	5	to	to	ADP
fbem-27776	147	6	more	more	ADJ
fbem-27776	147	7	industries	industry	NOUN
fbem-27776	147	8	,	,	PUNCT
fbem-27776	147	9	including	include	VERB
fbem-27776	147	10	service	service	NOUN
fbem-27776	147	11	and	and	CCONJ
fbem-27776	147	12	traditional	traditional	ADJ
fbem-27776	147	13	manufacturing	manufacturing	NOUN
fbem-27776	147	14	,	,	PUNCT
fbem-27776	147	15	to	to	PART
fbem-27776	147	16	examine	examine	VERB
fbem-27776	147	17	venture	venture	NOUN
fbem-27776	147	18	capital	capital	NOUN
fbem-27776	147	19	’s	’s	PART
fbem-27776	147	20	effects	effect	NOUN
fbem-27776	147	21	at	at	ADP
fbem-27776	147	22	different	different	ADJ
fbem-27776	147	23	stages	stage	NOUN
fbem-27776	147	24	of	of	ADP
fbem-27776	147	25	development	development	NOUN
fbem-27776	147	26	.	.	PUNCT
fbem-27776	148	1	cross	cross	ADJ
fbem-27776	148	2	-	-	ADJ
fbem-27776	148	3	country	country	ADJ
fbem-27776	148	4	studies	study	NOUN
fbem-27776	148	5	are	be	AUX
fbem-27776	148	6	also	also	ADV
fbem-27776	148	7	essential	essential	ADJ
fbem-27776	148	8	,	,	PUNCT
fbem-27776	148	9	particularly	particularly	ADV
fbem-27776	148	10	in	in	ADP
fbem-27776	148	11	emerging	emerge	VERB
fbem-27776	148	12	markets	market	NOUN
fbem-27776	148	13	,	,	PUNCT
fbem-27776	148	14	to	to	PART
fbem-27776	148	15	explore	explore	VERB
fbem-27776	148	16	global	global	ADJ
fbem-27776	148	17	variations	variation	NOUN
fbem-27776	148	18	in	in	ADP
fbem-27776	148	19	venture	venture	NOUN
fbem-27776	148	20	capital	capital	NOUN
fbem-27776	148	21	effectiveness	effectiveness	NOUN
fbem-27776	148	22	.	.	PUNCT
fbem-27776	149	1	longer	long	ADJ
fbem-27776	149	2	-	-	PUNCT
fbem-27776	149	3	term	term	NOUN
fbem-27776	149	4	data	datum	NOUN
fbem-27776	149	5	can	can	AUX
fbem-27776	149	6	help	help	VERB
fbem-27776	149	7	analyze	analyze	VERB
fbem-27776	149	8	venture	venture	NOUN
fbem-27776	149	9	capital	capital	NOUN
fbem-27776	149	10	’s	’s	PART
fbem-27776	149	11	sustained	sustained	ADJ
fbem-27776	149	12	impact	impact	NOUN
fbem-27776	149	13	on	on	ADP
fbem-27776	149	14	survival	survival	NOUN
fbem-27776	149	15	and	and	CCONJ
fbem-27776	149	16	innovation	innovation	NOUN
fbem-27776	149	17	.	.	PUNCT
fbem-27776	150	1	finally	finally	ADV
fbem-27776	150	2	,	,	PUNCT
fbem-27776	150	3	exploring	explore	VERB
fbem-27776	150	4	causality	causality	NOUN
fbem-27776	150	5	through	through	ADP
fbem-27776	150	6	complex	complex	ADJ
fbem-27776	150	7	statistical	statistical	ADJ
fbem-27776	150	8	models	model	NOUN
fbem-27776	150	9	will	will	AUX
fbem-27776	150	10	clarify	clarify	VERB
fbem-27776	150	11	whether	whether	SCONJ
fbem-27776	150	12	venture	venture	NOUN
fbem-27776	150	13	capital	capital	NOUN
fbem-27776	150	14	inherently	inherently	ADV
fbem-27776	150	15	boosts	boost	VERB
fbem-27776	150	16	survival	survival	NOUN
fbem-27776	150	17	or	or	CCONJ
fbem-27776	150	18	simply	simply	ADV
fbem-27776	150	19	identifies	identify	VERB
fbem-27776	150	20	companies	company	NOUN
fbem-27776	150	21	with	with	ADP
fbem-27776	150	22	higher	high	ADJ
fbem-27776	150	23	potential	potential	NOUN
fbem-27776	150	24	.	.	PUNCT
fbem-27776	151	1	these	these	DET
fbem-27776	151	2	areas	area	NOUN
fbem-27776	151	3	of	of	ADP
fbem-27776	151	4	research	research	NOUN
fbem-27776	151	5	will	will	AUX
fbem-27776	151	6	further	far	ADV
fbem-27776	151	7	optimize	optimize	VERB
fbem-27776	151	8	investment	investment	NOUN
fbem-27776	151	9	and	and	CCONJ
fbem-27776	151	10	financing	financing	NOUN
fbem-27776	151	11	practices	practice	NOUN
fbem-27776	151	12	.	.	PUNCT
fbem-27776	152	1	references	reference	NOUN
fbem-27776	152	2	[	[	X
fbem-27776	152	3	1	1	NUM
fbem-27776	152	4	]	]	X
fbem-27776	152	5	jia	jia	PROPN
fbem-27776	152	6	,	,	PUNCT
fbem-27776	152	7	y.	y.	PROPN
fbem-27776	152	8	(	(	PUNCT
fbem-27776	152	9	2024	2024	NUM
fbem-27776	152	10	)	)	PUNCT
fbem-27776	152	11	.	.	PUNCT
fbem-27776	153	1	analysis	analysis	NOUN
fbem-27776	153	2	of	of	ADP
fbem-27776	153	3	venture	venture	NOUN
fbem-27776	153	4	capital	capital	NOUN
fbem-27776	153	5	and	and	CCONJ
fbem-27776	153	6	capital	capital	NOUN
fbem-27776	153	7	market	market	NOUN
fbem-27776	153	8	financing	financing	NOUN
fbem-27776	153	9	guarantees	guarantee	NOUN
fbem-27776	153	10	and	and	CCONJ
fbem-27776	153	11	capital	capital	NOUN
fbem-27776	153	12	turnover	turnover	NOUN
fbem-27776	153	13	capability	capability	NOUN
fbem-27776	153	14	of	of	ADP
fbem-27776	153	15	seed	seed	NOUN
fbem-27776	153	16	companies	company	NOUN
fbem-27776	153	17	.	.	PUNCT
fbem-27776	154	1	molecular	molecular	ADJ
fbem-27776	154	2	plant	plant	NOUN
fbem-27776	154	3	breeding	breeding	NOUN
fbem-27776	154	4	,	,	PUNCT
fbem-27776	154	5	22(20	22(20	NUM
fbem-27776	154	6	)	)	PUNCT
fbem-27776	154	7	,	,	PUNCT
fbem-27776	154	8	6940	6940	NUM
fbem-27776	154	9	-	-	SYM
fbem-27776	154	10	6943	6943	NUM
fbem-27776	154	11	.	.	PUNCT
fbem-27776	155	1	[	[	X
fbem-27776	155	2	2	2	NUM
fbem-27776	155	3	]	]	PUNCT
fbem-27776	155	4	xing	xing	PROPN
fbem-27776	155	5	,	,	PUNCT
fbem-27776	155	6	g.	g.	PROPN
fbem-27776	155	7	,	,	PUNCT
fbem-27776	155	8	yang	yang	PROPN
fbem-27776	155	9	,	,	PUNCT
fbem-27776	155	10	y.	y.	PROPN
fbem-27776	155	11	,	,	PUNCT
fbem-27776	155	12	&	&	CCONJ
fbem-27776	155	13	li	li	PROPN
fbem-27776	155	14	,	,	PUNCT
fbem-27776	155	15	j.	j.	PROPN
fbem-27776	155	16	(	(	PUNCT
fbem-27776	155	17	2024	2024	NUM
fbem-27776	155	18	)	)	PUNCT
fbem-27776	155	19	.	.	PUNCT
fbem-27776	156	1	mechanisms	mechanism	NOUN
fbem-27776	156	2	and	and	CCONJ
fbem-27776	156	3	effects	effect	NOUN
fbem-27776	156	4	of	of	ADP
fbem-27776	156	5	venture	venture	NOUN
fbem-27776	156	6	capital	capital	NOUN
fbem-27776	156	7	-	-	PUNCT
fbem-27776	156	8	driven	drive	VERB
fbem-27776	156	9	technological	technological	ADJ
fbem-27776	156	10	innovation	innovation	NOUN
fbem-27776	156	11	in	in	ADP
fbem-27776	156	12	enterprises	enterprise	NOUN
fbem-27776	156	13	.	.	PUNCT
fbem-27776	157	1	contemporary	contemporary	ADJ
fbem-27776	157	2	economic	economic	ADJ
fbem-27776	157	3	science	science	NOUN
fbem-27776	157	4	,	,	PUNCT
fbem-27776	157	5	1	1	NUM
fbem-27776	157	6	-	-	SYM
fbem-27776	157	7	14	14	NUM
fbem-27776	157	8	.	.	PUNCT
fbem-27776	158	1	[	[	X
fbem-27776	158	2	3	3	NUM
fbem-27776	158	3	]	]	X
fbem-27776	158	4	chen	chen	PROPN
fbem-27776	158	5	,	,	PUNCT
fbem-27776	158	6	z.	z.	PROPN
fbem-27776	158	7	(	(	PUNCT
fbem-27776	158	8	2024	2024	NUM
fbem-27776	158	9	)	)	PUNCT
fbem-27776	158	10	.	.	PUNCT
fbem-27776	159	1	research	research	NOUN
fbem-27776	159	2	on	on	ADP
fbem-27776	159	3	the	the	DET
fbem-27776	159	4	relationship	relationship	NOUN
fbem-27776	159	5	between	between	ADP
fbem-27776	159	6	government	government	NOUN
fbem-27776	159	7	venture	venture	NOUN
fbem-27776	159	8	capital	capital	NOUN
fbem-27776	159	9	and	and	CCONJ
fbem-27776	159	10	innovation	innovation	NOUN
fbem-27776	159	11	—	—	PUNCT
fbem-27776	159	12	a	a	DET
fbem-27776	159	13	bibliometric	bibliometric	ADJ
fbem-27776	159	14	visualization	visualization	NOUN
fbem-27776	159	15	analysis	analysis	NOUN
fbem-27776	159	16	.	.	PUNCT
fbem-27776	160	1	science	science	NOUN
fbem-27776	160	2	and	and	CCONJ
fbem-27776	160	3	technology	technology	NOUN
fbem-27776	160	4	entrepreneurship	entrepreneurship	NOUN
fbem-27776	160	5	monthly	monthly	ADV
fbem-27776	160	6	,	,	PUNCT
fbem-27776	160	7	37(06	37(06	PROPN
fbem-27776	160	8	)	)	PUNCT
fbem-27776	160	9	,	,	PUNCT
fbem-27776	160	10	117	117	NUM
fbem-27776	160	11	-	-	SYM
fbem-27776	160	12	125	125	NUM
fbem-27776	160	13	.	.	PUNCT
fbem-27776	161	1	[	[	X
fbem-27776	161	2	4	4	NUM
fbem-27776	161	3	]	]	X
fbem-27776	161	4	wang	wang	PROPN
fbem-27776	161	5	,	,	PUNCT
fbem-27776	161	6	l.	l.	PROPN
fbem-27776	161	7	,	,	PUNCT
fbem-27776	161	8	zhang	zhang	PROPN
fbem-27776	161	9	,	,	PUNCT
fbem-27776	161	10	t.	t.	PROPN
fbem-27776	161	11	,	,	PUNCT
fbem-27776	161	12	&	&	CCONJ
fbem-27776	161	13	lin	lin	PROPN
fbem-27776	161	14	,	,	PUNCT
fbem-27776	161	15	w.	w.	PROPN
fbem-27776	161	16	(	(	PUNCT
fbem-27776	161	17	2024	2024	NUM
fbem-27776	161	18	)	)	PUNCT
fbem-27776	161	19	.	.	PUNCT
fbem-27776	162	1	research	research	NOUN
fbem-27776	162	2	on	on	ADP
fbem-27776	162	3	the	the	DET
fbem-27776	162	4	impact	impact	NOUN
fbem-27776	162	5	of	of	ADP
fbem-27776	162	6	venture	venture	NOUN
fbem-27776	162	7	capital	capital	NOUN
fbem-27776	162	8	on	on	ADP
fbem-27776	162	9	breakthrough	breakthrough	NOUN
fbem-27776	162	10	innovation	innovation	NOUN
fbem-27776	162	11	—	—	PUNCT
fbem-27776	162	12	evidence	evidence	NOUN
fbem-27776	162	13	from	from	ADP
fbem-27776	162	14	chinese	chinese	ADJ
fbem-27776	162	15	listed	list	VERB
fbem-27776	162	16	companies	company	NOUN
fbem-27776	162	17	.	.	PUNCT
fbem-27776	163	1	macroeconomic	macroeconomic	ADJ
fbem-27776	163	2	research	research	NOUN
fbem-27776	163	3	,	,	PUNCT
fbem-27776	163	4	(	(	PUNCT
fbem-27776	163	5	06	06	NUM
fbem-27776	163	6	)	)	PUNCT
fbem-27776	163	7	,	,	PUNCT
fbem-27776	163	8	4358	4358	NUM
fbem-27776	163	9	.	.	PUNCT
fbem-27776	164	1	[	[	X
fbem-27776	164	2	5	5	NUM
fbem-27776	164	3	]	]	SYM
fbem-27776	164	4	li	li	PROPN
fbem-27776	164	5	,	,	PUNCT
fbem-27776	164	6	z.	z.	PROPN
fbem-27776	164	7	,	,	PUNCT
fbem-27776	164	8	li	li	PROPN
fbem-27776	164	9	,	,	PUNCT
fbem-27776	164	10	m.	m.	NOUN
fbem-27776	164	11	,	,	PUNCT
fbem-27776	164	12	&	&	CCONJ
fbem-27776	164	13	miao	miao	PROPN
fbem-27776	164	14	,	,	PUNCT
fbem-27776	164	15	s.	s.	PROPN
fbem-27776	164	16	(	(	PUNCT
fbem-27776	164	17	2024	2024	NUM
fbem-27776	164	18	)	)	PUNCT
fbem-27776	164	19	.	.	PUNCT
fbem-27776	164	20	venture	venture	NOUN
fbem-27776	164	21	capital	capital	NOUN
fbem-27776	164	22	,	,	PUNCT
fbem-27776	164	23	innovation	innovation	NOUN
fbem-27776	164	24	efficiency	efficiency	NOUN
fbem-27776	164	25	,	,	PUNCT
fbem-27776	164	26	and	and	CCONJ
fbem-27776	164	27	corporate	corporate	ADJ
fbem-27776	164	28	financialization	financialization	NOUN
fbem-27776	164	29	.	.	PUNCT
fbem-27776	165	1	commercial	commercial	ADJ
fbem-27776	165	2	accounting	accounting	NOUN
fbem-27776	165	3	,	,	PUNCT
fbem-27776	165	4	(	(	PUNCT
fbem-27776	165	5	10	10	NUM
fbem-27776	165	6	)	)	PUNCT
fbem-27776	165	7	,	,	PUNCT
fbem-27776	165	8	4	4	NUM
fbem-27776	165	9	-	-	SYM
fbem-27776	165	10	9	9	NUM
fbem-27776	165	11	.	.	PUNCT
fbem-27776	166	1	[	[	X
fbem-27776	166	2	6	6	NUM
fbem-27776	166	3	]	]	X
fbem-27776	166	4	zhao	zhao	PROPN
fbem-27776	166	5	,	,	PUNCT
fbem-27776	166	6	f.	f.	PROPN
fbem-27776	166	7	,	,	PUNCT
fbem-27776	166	8	&	&	CCONJ
fbem-27776	166	9	peng	peng	PROPN
fbem-27776	166	10	,	,	PUNCT
fbem-27776	166	11	x.	x.	NOUN
fbem-27776	166	12	(	(	PUNCT
fbem-27776	166	13	2024	2024	NUM
fbem-27776	166	14	)	)	PUNCT
fbem-27776	166	15	.	.	PUNCT
fbem-27776	167	1	joint	joint	ADJ
fbem-27776	167	2	venture	venture	NOUN
fbem-27776	167	3	capital	capital	NOUN
fbem-27776	167	4	and	and	CCONJ
fbem-27776	167	5	investee	investee	NOUN
fbem-27776	167	6	firm	firm	ADJ
fbem-27776	167	7	performance	performance	NOUN
fbem-27776	167	8	.	.	PUNCT
fbem-27776	168	1	special	special	ADJ
fbem-27776	168	2	zone	zone	NOUN
fbem-27776	168	3	economy	economy	NOUN
fbem-27776	168	4	,	,	PUNCT
fbem-27776	168	5	(	(	PUNCT
fbem-27776	168	6	03	03	NUM
fbem-27776	168	7	)	)	PUNCT
fbem-27776	168	8	,	,	PUNCT
fbem-27776	168	9	80	80	NUM
fbem-27776	168	10	-	-	SYM
fbem-27776	168	11	84	84	NUM
fbem-27776	168	12	.	.	PUNCT
fbem-27776	169	1	[	[	X
fbem-27776	169	2	7	7	NUM
fbem-27776	169	3	]	]	X
fbem-27776	169	4	mu	mu	NOUN
fbem-27776	169	5	,	,	PUNCT
fbem-27776	169	6	x.	x.	NOUN
fbem-27776	169	7	(	(	PUNCT
fbem-27776	169	8	2024	2024	NUM
fbem-27776	169	9	)	)	PUNCT
fbem-27776	169	10	.	.	PUNCT
fbem-27776	170	1	financing	financing	NOUN
fbem-27776	170	2	path	path	NOUN
fbem-27776	170	3	selection	selection	NOUN
fbem-27776	170	4	,	,	PUNCT
fbem-27776	170	5	comparison	comparison	NOUN
fbem-27776	170	6	,	,	PUNCT
fbem-27776	170	7	and	and	CCONJ
fbem-27776	170	8	analysis	analysis	NOUN
fbem-27776	170	9	of	of	ADP
fbem-27776	170	10	technology	technology	NOUN
fbem-27776	170	11	-	-	PUNCT
fbem-27776	170	12	based	base	VERB
fbem-27776	170	13	startups	startup	NOUN
fbem-27776	170	14	.	.	PUNCT
fbem-27776	171	1	china	china	PROPN
fbem-27776	171	2	small	small	ADJ
fbem-27776	171	3	and	and	CCONJ
fbem-27776	171	4	medium	medium	ADJ
fbem-27776	171	5	enterprises	enterprise	NOUN
fbem-27776	171	6	,	,	PUNCT
fbem-27776	171	7	(	(	PUNCT
fbem-27776	171	8	02	02	NUM
fbem-27776	171	9	)	)	PUNCT
fbem-27776	171	10	,	,	PUNCT
fbem-27776	171	11	171	171	NUM
fbem-27776	171	12	-	-	SYM
fbem-27776	171	13	173	173	NUM
fbem-27776	171	14	.	.	PUNCT
fbem-27776	172	1	[	[	X
fbem-27776	172	2	8	8	NUM
fbem-27776	172	3	]	]	X
fbem-27776	172	4	gao	gao	PROPN
fbem-27776	172	5	,	,	PUNCT
fbem-27776	172	6	y.	y.	PROPN
fbem-27776	172	7	(	(	PUNCT
fbem-27776	172	8	2024	2024	NUM
fbem-27776	172	9	)	)	PUNCT
fbem-27776	172	10	.	.	PUNCT
fbem-27776	173	1	the	the	DET
fbem-27776	173	2	impact	impact	NOUN
fbem-27776	173	3	of	of	ADP
fbem-27776	173	4	venture	venture	NOUN
fbem-27776	173	5	capital	capital	NOUN
fbem-27776	173	6	on	on	ADP
fbem-27776	173	7	corporate	corporate	ADJ
fbem-27776	173	8	investment	investment	NOUN
fbem-27776	173	9	and	and	CCONJ
fbem-27776	173	10	financing	financing	NOUN
fbem-27776	173	11	.	.	PUNCT
fbem-27776	174	1	national	national	ADJ
fbem-27776	174	2	circulation	circulation	NOUN
fbem-27776	174	3	economy	economy	NOUN
fbem-27776	174	4	,	,	PUNCT
fbem-27776	174	5	(	(	PUNCT
fbem-27776	174	6	03	03	NUM
fbem-27776	174	7	)	)	PUNCT
fbem-27776	174	8	,	,	PUNCT
fbem-27776	174	9	96	96	NUM
fbem-27776	174	10	-	-	SYM
fbem-27776	174	11	99	99	NUM
fbem-27776	174	12	.	.	PUNCT
fbem-27776	175	1	[	[	X
fbem-27776	175	2	9	9	NUM
fbem-27776	175	3	]	]	SYM
fbem-27776	175	4	fan	fan	PROPN
fbem-27776	175	5	,	,	PUNCT
fbem-27776	175	6	l.	l.	PROPN
fbem-27776	175	7	,	,	PUNCT
fbem-27776	175	8	&	&	CCONJ
fbem-27776	175	9	zhou	zhou	PROPN
fbem-27776	175	10	,	,	PUNCT
fbem-27776	175	11	m.	m.	NOUN
fbem-27776	175	12	(	(	PUNCT
fbem-27776	175	13	2023	2023	NUM
fbem-27776	175	14	)	)	PUNCT
fbem-27776	175	15	.	.	PUNCT
fbem-27776	176	1	venture	venture	NOUN
fbem-27776	176	2	capital	capital	NOUN
fbem-27776	176	3	experience	experience	NOUN
fbem-27776	176	4	,	,	PUNCT
fbem-27776	176	5	investment	investment	NOUN
fbem-27776	176	6	behavior	behavior	NOUN
fbem-27776	176	7	,	,	PUNCT
fbem-27776	176	8	and	and	CCONJ
fbem-27776	176	9	survival	survival	NOUN
fbem-27776	176	10	of	of	ADP
fbem-27776	176	11	startup	startup	NOUN
fbem-27776	176	12	technology	technology	NOUN
fbem-27776	176	13	companies	company	NOUN
fbem-27776	176	14	—	—	PUNCT
fbem-27776	176	15	a	a	DET
fbem-27776	176	16	quasi	quasi	ADJ
fbem-27776	176	17	-	-	ADJ
fbem-27776	176	18	natural	natural	ADJ
fbem-27776	176	19	experiment	experiment	NOUN
fbem-27776	176	20	based	base	VERB
fbem-27776	176	21	on	on	ADP
fbem-27776	176	22	venture	venture	NOUN
fbem-27776	176	23	capital	capital	NOUN
fbem-27776	176	24	tax	tax	NOUN
fbem-27776	176	25	incentives	incentive	NOUN
fbem-27776	176	26	.	.	PUNCT
fbem-27776	177	1	journal	journal	NOUN
fbem-27776	177	2	of	of	ADP
fbem-27776	177	3	management	management	NOUN
fbem-27776	177	4	science	science	NOUN
fbem-27776	177	5	,	,	PUNCT
fbem-27776	177	6	26(12	26(12	NUM
fbem-27776	177	7	)	)	PUNCT
fbem-27776	177	8	,	,	PUNCT
fbem-27776	177	9	135	135	NUM
fbem-27776	177	10	-	-	SYM
fbem-27776	177	11	154	154	NUM
fbem-27776	177	12	.	.	PUNCT
fbem-27776	178	1	[	[	X
fbem-27776	178	2	10	10	NUM
fbem-27776	178	3	]	]	SYM
fbem-27776	178	4	yang	yang	PROPN
fbem-27776	178	5	,	,	PUNCT
fbem-27776	178	6	s.	s.	PROPN
fbem-27776	178	7	,	,	PUNCT
fbem-27776	178	8	ni	ni	PROPN
fbem-27776	178	9	,	,	PUNCT
fbem-27776	178	10	n.	n.	NOUN
fbem-27776	178	11	,	,	PUNCT
fbem-27776	178	12	&	&	CCONJ
fbem-27776	178	13	zhou	zhou	PROPN
fbem-27776	178	14	,	,	PUNCT
fbem-27776	178	15	b.	b.	PROPN
fbem-27776	178	16	(	(	PUNCT
fbem-27776	178	17	2023	2023	NUM
fbem-27776	178	18	)	)	PUNCT
fbem-27776	178	19	.	.	PUNCT
fbem-27776	179	1	study	study	NOUN
fbem-27776	179	2	and	and	CCONJ
fbem-27776	179	3	implications	implication	NOUN
fbem-27776	179	4	of	of	ADP
fbem-27776	179	5	the	the	DET
fbem-27776	179	6	incubation	incubation	NOUN
fbem-27776	179	7	model	model	NOUN
fbem-27776	179	8	of	of	ADP
fbem-27776	179	9	biopharmaceutical	biopharmaceutical	ADJ
fbem-27776	179	10	startups	startup	NOUN
fbem-27776	179	11	by	by	ADP
fbem-27776	179	12	u.s	u.s	PROPN
fbem-27776	179	13	.	.	PROPN
fbem-27776	179	14	venture	venture	NOUN
fbem-27776	179	15	capital	capital	NOUN
fbem-27776	179	16	funds	fund	NOUN
fbem-27776	179	17	.	.	PUNCT
fbem-27776	180	1	chinese	chinese	ADJ
fbem-27776	180	2	journal	journal	PROPN
fbem-27776	180	3	of	of	ADP
fbem-27776	180	4	pharmaceutical	pharmaceutical	NOUN
fbem-27776	180	5	industry	industry	NOUN
fbem-27776	180	6	,	,	PUNCT
fbem-27776	180	7	54(12	54(12	NUM
fbem-27776	180	8	)	)	PUNCT
fbem-27776	180	9	,	,	PUNCT
fbem-27776	180	10	1809	1809	NUM
fbem-27776	180	11	-	-	SYM
fbem-27776	180	12	1813	1813	NUM
fbem-27776	180	13	.	.	PUNCT
fbem-27776	181	1	[	[	X
fbem-27776	181	2	11	11	NUM
fbem-27776	181	3	]	]	X
fbem-27776	181	4	ma	ma	PROPN
fbem-27776	181	5	,	,	PUNCT
fbem-27776	181	6	t.	t.	PROPN
fbem-27776	181	7	(	(	PUNCT
fbem-27776	181	8	2023	2023	NUM
fbem-27776	181	9	)	)	PUNCT
fbem-27776	181	10	.	.	PUNCT
fbem-27776	182	1	research	research	NOUN
fbem-27776	182	2	on	on	ADP
fbem-27776	182	3	investment	investment	NOUN
fbem-27776	182	4	value	value	NOUN
fbem-27776	182	5	evaluation	evaluation	NOUN
fbem-27776	182	6	models	model	NOUN
fbem-27776	182	7	and	and	CCONJ
fbem-27776	182	8	investment	investment	NOUN
fbem-27776	182	9	risks	risk	NOUN
fbem-27776	182	10	of	of	ADP
fbem-27776	182	11	digital	digital	ADJ
fbem-27776	182	12	economy	economy	NOUN
fbem-27776	182	13	enterprises	enterprise	NOUN
fbem-27776	182	14	.	.	PUNCT
fbem-27776	183	1	china	china	PROPN
fbem-27776	183	2	collective	collective	ADJ
fbem-27776	183	3	economy	economy	NOUN
fbem-27776	183	4	,	,	PUNCT
fbem-27776	183	5	(	(	PUNCT
fbem-27776	183	6	33	33	NUM
fbem-27776	183	7	)	)	PUNCT
fbem-27776	183	8	,	,	PUNCT
fbem-27776	183	9	78	78	NUM
fbem-27776	183	10	-	-	SYM
fbem-27776	183	11	81	81	NUM
fbem-27776	183	12	.	.	PUNCT
fbem-27776	184	1	[	[	X
fbem-27776	184	2	12	12	NUM
fbem-27776	184	3	]	]	X
fbem-27776	184	4	liu	liu	PROPN
fbem-27776	184	5	,	,	PUNCT
fbem-27776	184	6	f.	f.	PROPN
fbem-27776	184	7	(	(	PUNCT
fbem-27776	184	8	2023	2023	NUM
fbem-27776	184	9	)	)	PUNCT
fbem-27776	184	10	.	.	PUNCT
fbem-27776	185	1	analysis	analysis	NOUN
fbem-27776	185	2	of	of	ADP
fbem-27776	185	3	the	the	DET
fbem-27776	185	4	impact	impact	NOUN
fbem-27776	185	5	of	of	ADP
fbem-27776	185	6	venture	venture	NOUN
fbem-27776	185	7	capital	capital	NOUN
fbem-27776	185	8	on	on	ADP
fbem-27776	185	9	corporate	corporate	ADJ
fbem-27776	185	10	development	development	NOUN
fbem-27776	185	11	.	.	PUNCT
fbem-27776	186	1	business	business	NOUN
fbem-27776	186	2	exhibition	exhibition	NOUN
fbem-27776	186	3	economy	economy	NOUN
fbem-27776	186	4	,	,	PUNCT
fbem-27776	186	5	(	(	PUNCT
fbem-27776	186	6	20	20	NUM
fbem-27776	186	7	)	)	PUNCT
fbem-27776	186	8	,	,	PUNCT
fbem-27776	186	9	161	161	NUM
fbem-27776	186	10	-	-	SYM
fbem-27776	186	11	164	164	NUM
fbem-27776	186	12	.	.	PUNCT
fbem-27776	187	1	[	[	X
fbem-27776	187	2	13	13	NUM
fbem-27776	187	3	]	]	SYM
fbem-27776	187	4	qin	qin	PROPN
fbem-27776	187	5	,	,	PUNCT
fbem-27776	187	6	m.	m.	NOUN
fbem-27776	187	7	(	(	PUNCT
fbem-27776	187	8	2023	2023	NUM
fbem-27776	187	9	)	)	PUNCT
fbem-27776	187	10	.	.	PUNCT
fbem-27776	188	1	legal	legal	ADJ
fbem-27776	188	2	risks	risk	NOUN
fbem-27776	188	3	and	and	CCONJ
fbem-27776	188	4	control	control	NOUN
fbem-27776	188	5	approaches	approach	NOUN
fbem-27776	188	6	in	in	ADP
fbem-27776	188	7	startup	startup	NOUN
fbem-27776	188	8	financing	financing	NOUN
fbem-27776	188	9	.	.	PUNCT
fbem-27776	189	1	legal	legal	ADJ
fbem-27776	189	2	exhibition	exhibition	NOUN
fbem-27776	189	3	,	,	PUNCT
fbem-27776	189	4	(	(	PUNCT
fbem-27776	189	5	22	22	NUM
fbem-27776	189	6	)	)	PUNCT
fbem-27776	189	7	,	,	PUNCT
fbem-27776	189	8	9	9	NUM
fbem-27776	189	9	-	-	SYM
fbem-27776	189	10	12	12	NUM
fbem-27776	189	11	.	.	PUNCT
fbem-27776	190	1	[	[	X
fbem-27776	190	2	14	14	NUM
fbem-27776	190	3	]	]	X
fbem-27776	190	4	zhao	zhao	PROPN
fbem-27776	190	5	,	,	PUNCT
fbem-27776	190	6	b.	b.	PROPN
fbem-27776	190	7	,	,	PUNCT
fbem-27776	190	8	&	&	CCONJ
fbem-27776	190	9	chen	chen	PROPN
fbem-27776	190	10	,	,	PUNCT
fbem-27776	190	11	x.	x.	NOUN
fbem-27776	190	12	(	(	PUNCT
fbem-27776	190	13	2022	2022	NUM
fbem-27776	190	14	)	)	PUNCT
fbem-27776	190	15	.	.	PUNCT
fbem-27776	191	1	government	government	NOUN
fbem-27776	191	2	innovation	innovation	NOUN
fbem-27776	191	3	subsidies	subsidy	NOUN
fbem-27776	191	4	,	,	PUNCT
fbem-27776	191	5	venture	venture	NOUN
fbem-27776	191	6	capital	capital	NOUN
fbem-27776	191	7	,	,	PUNCT
fbem-27776	191	8	and	and	CCONJ
fbem-27776	191	9	corporate	corporate	ADJ
fbem-27776	191	10	innovation	innovation	NOUN
fbem-27776	191	11	—	—	PUNCT
fbem-27776	191	12	from	from	ADP
fbem-27776	191	13	the	the	DET
fbem-27776	191	14	perspective	perspective	NOUN
fbem-27776	191	15	of	of	ADP
fbem-27776	191	16	signaling	signal	VERB
fbem-27776	191	17	.	.	PUNCT
fbem-27776	192	1	management	management	NOUN
fbem-27776	192	2	review	review	PROPN
fbem-27776	192	3	,	,	PUNCT
fbem-27776	192	4	34(12	34(12	NUM
fbem-27776	192	5	)	)	PUNCT
fbem-27776	192	6	,	,	PUNCT
fbem-27776	192	7	109120	109120	NUM
fbem-27776	192	8	.	.	PUNCT
fbem-27776	193	1	[	[	X
fbem-27776	193	2	15	15	NUM
fbem-27776	193	3	]	]	X
fbem-27776	193	4	founders	founder	NOUN
fbem-27776	193	5	'	'	PART
fbem-27776	193	6	background	background	NOUN
fbem-27776	193	7	characteristics	characteristic	NOUN
fbem-27776	193	8	and	and	CCONJ
fbem-27776	193	9	venture	venture	NOUN
fbem-27776	193	10	capital	capital	NOUN
fbem-27776	193	11	decisions	decision	NOUN
fbem-27776	193	12	:	:	PUNCT
fbem-27776	193	13	understanding	understand	VERB
fbem-27776	193	14	the	the	DET
fbem-27776	193	15	logic	logic	NOUN
fbem-27776	193	16	of	of	ADP
fbem-27776	193	17	venture	venture	NOUN
fbem-27776	193	18	capital	capital	NOUN
fbem-27776	193	19	investment	investment	NOUN
fbem-27776	193	20	in	in	ADP
fbem-27776	193	21	startups	startup	NOUN
fbem-27776	193	22	.	.	PUNCT
fbem-27776	194	1	(	(	PUNCT
fbem-27776	194	2	2022	2022	NUM
fbem-27776	194	3	)	)	PUNCT
fbem-27776	194	4	.	.	PUNCT
fbem-27776	195	1	china	china	PROPN
fbem-27776	195	2	economic	economic	PROPN
fbem-27776	195	3	review	review	PROPN
fbem-27776	195	4	,	,	PUNCT
fbem-27776	195	5	(	(	PUNCT
fbem-27776	195	6	11	11	NUM
fbem-27776	195	7	)	)	PUNCT
fbem-27776	195	8	,	,	PUNCT
fbem-27776	195	9	80	80	NUM
fbem-27776	195	10	.	.	PUNCT