Business model innovation: a case study of venture capital in a depleted community

Harvey Johnstone

Venture Capital, 2013, vol. 15, issue 1, 77-90

Abstract: Venture finance is a pillar of new growth. However, economic growth and decline occur unevenly over space. Among other things, this unevenness creates a set of depleted communities. Some argue that there is little point in trying to rejuvenate these localities, which they see as the very antithesis of modern, thriving environments. But distressed environments can give rise to innovations. This paper analyses an initiative that has introduced an innovative model of venture capital into the context provided by a depleted community. Business model analysis parsimoniously identifies the unique combination of techniques that have allowed this company to operate successfully within a depleted environment. Modelling converts tacit knowledge into explicit knowledge and encourages replication of this initiative and diffusion of innovation.

Date: 2013
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DOI: 10.1080/13691066.2013.760767

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