Community development venture capital: concept and status quo in Germany

Ann-Kristin Achleitner, Reiner Braun, Marko Bender and Annabell Geidner

International Journal of Entrepreneurship and Innovation Management, 2009, vol. 9, issue 4, 437-452

Abstract: As most other countries, Germany also faces dramatic regional differences in terms of socio-economic development. Important drivers of such development are entrepreneurial activity and the creation of new companies. We argue that venture capital (VC) and especially community development venture capital (CDVC) can be a powerful instrument to stimulate entrepreneurship and to support the growth of ambitious companies. Hence, the present paper deals with the general questions of whether there are regional gaps in the supply of VC in Germany, whether these regional gaps do geographically correspond to the most deprived areas in Germany and which kind of VC companies are currently in place in order to close potential regional gaps. We find that the primary potential target area for CDVC activities in the country is the state of Brandenburg. Our assessment of the German VC market reveals that real CDVC engagement in the country is yet to come.

Keywords: regional development; community development; venture capital; regional equity gap; German venture capital market; public venture capital; entrepreneurship; Germany. (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.inderscience.com/link.php?id=24589 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijeima:v:9:y:2009:i:4:p:437-452

Access Statistics for this article

More articles in International Journal of Entrepreneurship and Innovation Management from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().