Title: The importance of venture capital for high-tech development experiences from The Netherlands and Israel

Authors: Peter Nijkamp, Cher Guldemond, Hugo Teelen

Addresses: Department of Spatial Economics, Free University, Amsterdam, The Netherlands. ' Department of Spatial Economics, Free University, Amsterdam, The Netherlands. ' Department of Spatial Economics, Free University, Amsterdam, The Netherlands

Abstract: This paper discusses the role of venture capital as a catalyst in policy efforts to stimulate high-tech activities. After a concise review of recent developments in venture capital provision in our ICT age, two interesting recent national experiences, viz. from The Netherlands and Israel, are discussed. Various critical success factors of corporate venture capital provision are identified and critically reviewed. The paper concludes with some brief policy lessons.

Keywords: venture capital; twinning; entrepreneurship start-up; innovation; Netherlands; Israel; high tech; ICT.

DOI: 10.1504/IJEIM.2004.004500

International Journal of Entrepreneurship and Innovation Management, 2004 Vol.4 No.1, pp.41 - 490

Published online: 10 May 2004 *

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