EconPapers    
Economics at your fingertips  
 

Evolutionary interpretation of venture capital policy in Israel, Germany, UK and Scotland

Gil Avnimelech (), Alessandro Rosiello and Morris Teubal

Science and Public Policy, 2010, vol. 37, issue 2, 101-112

Abstract: Despite many attempts to develop high-impact venture capital (VC) policies, most VC markets in Europe are still underdeveloped. Many of these policies were based on ‘traditional’ (Rosiello et al, 2009) VC policy involving a mix of monetary incentives and institutional changes. In this article, we present an alternative evolutionary VC policy, which is based on a dynamic analysis of emergence processes and on the co-evolution between VC and entrepreneurship, as well as on a dynamic and adaptive view of policy. The article presents four case studies of VC development: Israel, UK, Scotland, and Germany. Evolutionary VC policies rely on few major factors: i) a strategic objective and a long-term commitment to enhancing VC market and high-tech cluster emergence and development, ii) a phased-policy portfolio including both direct and indirect VC-policy components, and iii) a dynamic policy process, which is adaptive to the specific context. Copyright , Beech Tree Publishing.

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.3152/030234210X489608 (application/pdf)
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:oup:scippl:v:37:y:2010:i:2:p:101-112

Access Statistics for this article

More articles in Science and Public Policy from Oxford University Press
Bibliographic data for series maintained by Oxford University Press () and Christopher F. Baum ().

 
Page updated 2021-06-15
Handle: RePEc:oup:scippl:v:37:y:2010:i:2:p:101-112