Template-type: ReDIF-Paper 1.0
Author-Name: Mani, Sunil
Author-Email: mani@intech.unu.edu
Author-Workplace-Name: United Nations University, Institute for New Technologies
Author-Name: Bartzokas, Anthony
Author-Email: bartzokas@intech.unu.edu
Author-Workplace-Name: United Nations University, Institute for New Technologies
Title: Institutional Support for Investment in New Technologies: The Role of Venture Capital
	 Institutions in Developing Countries
Abstract: An important component of this institutional framework supporting investment in
	 new technologies is venture capital institutions. A group of developing countries,
	 especially from Asia has been rather successful in establishing and nurturing this
	 way of financing new technologies. The present paper attempts to survey the efforts
	 of these countries towards using venture capital institutions as financiers of new
	 technologies. In specific terms, the paper, based essentially on secondary source
	 material, maps out the ways in which these countries have gone about promoting
	 venture capital based new technology firms. In addition, we analyse the VC
	 investments in these countries in terms of stage, technology and source. The paper
	 also develops an index of venture capital development across the selected
	 developing countries. The index allows the ranking of the VC industry in any
	 particular country according to its level of development
Keywords: Venture Capital, Innovation, Initial Public Offerings, IPOs, Technology Financing 
Series: Discussion Paper
Creation-Date: 2002
Number: 2002-04
File-URL: https://www.merit.unu.edu/publications/discussion-papers/2002-4.pdf
File-Format: application/pdf
File-Size: 308 Kb
Handle: RePEc:unm:unuint:200204