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Journal of Business Venturing 27 (2012) 506 –521 Contents lists available at SciVerse ScienceDirect Journal of Business Venturing Assessing the effectiveness of guided preparation for new venture creation and performance: Theory and practice Gabriel Pons Rotger a,⁎, Mette Gørtz b,1, David J. Storey c,2 a Danish Institute of Governmental Research (AKF), Købmagergade 22, DK-1150 Copenhagen K, Denmark b Danish Institute of Governmental Research (AKF) and The Danish National Centre for Social Research (SFI), Herluf Trolles Gade 11, DK-1052 Copenhagen K, Denmark c School of Business, Management and Economics, University of Sussex, Brighton, England, United Kingdom a r t i c l e i n f o a b s t r a c t Article history: Governments in virtually all developed countries subsidise “guided preparation” for entrepre- Received 30 August 2010 neurial activity. Despite being so widespread, the evidence that this assistance enhances ven- Received in revised form 3 January 2012 ture performance remains in dispute, primarily because of a lack of consensus over statistical Accepted 9 January 2012 approaches. This paper provides a new — to entrepreneurship scholars-approach, applying it Available online 29 February 2012 to a programme guiding nascent and new entrepreneurs in Denmark. It concludes that the programme contributes to the survival and size of new ventures, but its impact on growth is Field Editor: S. Parker less clear. It also finds that impact is sensitive