Co-evolution of risk capital, new firms and the emergence of the new cluster of high technology in Israel
Morris Teubal () and
Gil Avnimelech ()
Revista de Economía Política de Buenos Aires, 2007, issue 1, 37-64
This paper provides an account of the emergence and development of a Venture Capital Industry in Israel, and the role it played in the recent successful growth of Israel’s high tech cluster. The paper discusses the co-evolutionary and dynamic process involving the business sector, technology policies, vanture capitalists, individuals and Startup companies, and foreign linkages.We attempt to show that VC emergence is part and parcel of the reconfiguration of a pre-existing Electronics Industry one involving large amounts of SU and new and powerful links with global capital markets. The main conclusions and policy lessons of the paper are that specific technology policies targeted to the Venture Capital sector can be effective only to the extent that favourable background conditions exist or are created.
Keywords: risk; capital (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ake:repba1:y:2007:i:1:p:37-64
Access Statistics for this article
Revista de Economía Política de Buenos Aires is currently edited by Adrian H. Ramos
More articles in Revista de Economía Política de Buenos Aires from Universidad de Buenos Aires. Facultad de Ciencias Económicas. Contact information at EDIRC.
Bibliographic data for series maintained by Carolina Conde ().