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Financial Systems, Corporate Investment in Innovation, and Venture Capital

Edited by Anthony Bartzokas, Professor of Development Economics, University of Athens, Greece and Researcher, United Nations University-Institute for New Technologies (UNU-INTECH), Maastricht, The Netherlands and Sunil Mani, Director and Professor, Centre for Development Studies, Trivandrum, Kerala, India
This book examines the role of venture capital institutions in financing technology-based ventures both in developed and developing countries. It also explores that part of venture capital activity which is hitherto vastly under-researched; namely the ability of venture capital institutions to render a whole host of value-added support functions. These include setting up management teams and designing strategic plans for fledgling enterprises. The latter issue is operationalized through a series of carefully chosen case studies.
Extent: 296 pp
Hardback Price: $146.00 Web: $131.40
Publication Date: 2004
ISBN: 978 1 84376 392 5
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  • Economics and Finance
  • Economics of Innovation
  • Financial Economics and Regulation
  • Innovation and Technology
  • Economics of Innovation
The conditions for successful manufacturing have changed considerably in recent years. New technologies such as information technology and biotechnology are considered important players in eradicating poverty in developing countries, but the risky nature of projects based on new technologies forces firms to raise investment capital by means other than conventional capital markets.

This book examines the role of venture capital institutions in financing technology-based ventures both in developed and developing countries. It also explores that part of venture capital activity which is hitherto vastly under-researched; namely the ability of venture capital institutions to render a whole host of value-added support functions. These include setting up management teams and designing strategic plans for fledgling enterprises. The latter issue is operationalized through a series of carefully chosen case studies.

Financial Systems, Corporate Investment in Innovation, and Venture Capital will be a valuable text for scholars and students of the theory and practice of financing innovation. It will also be a valuable source for governments, NGOs, financial institutions and multilateral agencies interested in the practicalities of promoting technology-based small and medium enterprises.
Contributors: G. Avnimelech, A. Bartzokas, B. Bowonder, J. Gao, B. Hall, K. Han, M. Kenney, S. Mani, C. Mayer, L. Szerb, S. Tanaka, M. Teubal, A. Varga, C. Wang, S. White, W. Zhang
Contents: Preface 1. Introduction 2. The Financing of Research and Development 3. The Financing and Governance of New Technologies 4. The Globalization of Venture Capital: The Cases of Taiwan and Japan 5. Targeting Venture Capital: Lessons from Israel’s Yozma Program 6. Institutional Support for Investment in New Technologies: The Role of Venture Capital Institutions in Developing Countries 7. Financial Systems, Investment in Innovation, and Venture Capital: The Case of China 8. Venture Capital and Innovation: The Indian Experience 9. The Emergence of Singapore Venture Capital Industry: Investment Characteristics and Value-Added Activities 10. High-Tech Venture Capital Investment in a Small Transition Country: The Case of Hungary Index