Venture Capital------jaico
The venture capital (VC) industry plays an
important role in nurturing entrepreneurship and innovation, and its
role varies from country to country. This book attempts to compare the
VCIs of different countries through the full range of pertinent
variables, from business angels at one extereme to investee firms at the
other. A wide and realistic picture of the industry’s functions is
presented. The analysis is based on the four main determinants of the VC
industry: sources of financing, institutional infrastructure, exit
mechanisms, and entrepreneurship and innovation generators. In addition,
the special role of VC financing in the biomaterials industry is
explained.
Understanding the factors that contribute to the emergence of a
successful venture capital industry is important for academics, VC
associations, policy-making institutions, government agencies, and
investors themselves. How can a country’s venture capital infrastructure
give it a competitive edge in the global economy? What is the role of
VC in the new economy? How have VC industries developed differently in
different countries? Are there any lessons for successful VC industry
development that can be applied across nations and cultures? How do you
measure the maturity of a country’s VC industry? The editor and her
contributors attempt to answer all these questions, among others. She
concludes by offering policy suggestions for countries aiming to
establish thriving VC industries of their own.
