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Governments as venture capitalists
OECD governments are acting as venture capitalists by providing funds to small high-risk firms, with the aim of stimulating innovation and increasing employment. The plan is to raise the survival rates of high-technology start-ups, less than half of which last for five years. But critics charge that...
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| Published in: | The OECD observer 1998-08, Vol.213 (213), p.26 |
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| Language: | English |
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| container_title | The OECD observer |
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| creator | O'Shea, Margaret Stevens, Candice |
| description | OECD governments are acting as venture capitalists by providing funds to small high-risk firms, with the aim of stimulating innovation and increasing employment. The plan is to raise the survival rates of high-technology start-ups, less than half of which last for five years. But critics charge that these schemes can lead to bad investments at high cost to the taxpayers. Government venture-capital funds, like their private counterparts, should supply companies with more than just money. Start-up firms require advice about management, strategy and finance. Government programs have the advantage that they can link firms into an entire array of public services - technical assistance, management training, information networks - thus nurturing young companies over the longer term. |
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The plan is to raise the survival rates of high-technology start-ups, less than half of which last for five years. But critics charge that these schemes can lead to bad investments at high cost to the taxpayers. Government venture-capital funds, like their private counterparts, should supply companies with more than just money. Start-up firms require advice about management, strategy and finance. Government programs have the advantage that they can link firms into an entire array of public services - technical assistance, management training, information networks - thus nurturing young companies over the longer term.</abstract><cop>Paris</cop><pub>OECD Publications and Information Centre</pub></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0029-7054 |
| ispartof | The OECD observer, 1998-08, Vol.213 (213), p.26 |
| issn | 0029-7054 1561-5529 |
| language | eng |
| recordid | cdi_proquest_journals_217471033 |
| source | Social Science Premium Collection; ABI/INFORM Global; Politics Collection; Periodicals Archive Online Foundation Collection; PAIS Index; Alma/SFX Local Collection |
| subjects | Capital Capital gains Companies Developing countries Economic aspects Economic policy Employment Equity Finance Financial institutions Financing Funding Funds Government Government agencies Government programs Government spending policy Government sponsored enterprises Guarantees High tech industries High technology industry Innovation Innovations Institutional investments International economic organizations Investment Investments Investors Manycountries Money Networks Pension funds Political aspects Public administration Public finance Public services Risk Small & medium sized enterprises-SME Small business Small business loans Startups Survival Tax credits Taxation Technical assistance Technology Training Venture capital |
| title | Governments as venture capitalists |
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