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Institutional Support for Investment in New Technologies: The Role of Venture Capital Institutions in Developing Countries

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  • Mani, Sunil

    (United Nations University, Institute for New Technologies)

  • Bartzokas, Anthony

    (United Nations University, Institute for New Technologies)

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

Suggested Citation

  • Mani, Sunil & Bartzokas, Anthony, 2002. "Institutional Support for Investment in New Technologies: The Role of Venture Capital Institutions in Developing Countries," UNU-INTECH Discussion Paper Series 2002-04, United Nations University - INTECH.
    • Handle: RePEc:unm:unuint:200204
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    Cited by:

    1. Franco Malerba & Richard R. Nelson, 2012. "Introduction," Chapters, in: Franco Malerba & Richard R. Nelson (ed.), Economic Development as a Learning Process, chapter 1, Edward Elgar Publishing.
    2. Márcia Siqueira Rapini, 2009. "Sistemas financeiros e o financiamento à inovação: algumas reflexões para o Brasil," Textos para Discussão Cedeplar-UFMG td367, Cedeplar, Universidade Federal de Minas Gerais.
    3. Florian Arun Taeube, 2004. "Proximities and Innovation Evidence from the Indian IT Industry in Bangalore," DRUID Working Papers 04-10, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.

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    Keywords

    Venture Capital; Innovation; Initial Public Offerings; IPOs; Technology Financing;
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