Emerging trends in government venture capital policies in smaller peripheral economies: Lessons from Finland, New Zealand, and Estonia
Emerging trends in government venture capital policies in smaller peripheral economies: Lessons from Finland, New Zealand, and Estonia
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较小外围经济体政府风险投资政策的新趋势：芬兰、新西兰和爱沙尼亚的经验教训
DOI：
10.1002/jsc.2248
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发表时间：
2019
期刊：
影响因子：
--
通讯作者：
C. Mason
中科院分区：
文献类型：
--
作者：
Robyn Owen;C. Mason
来自三个较小的外围经济体（芬兰、新西兰和爱沙尼亚）发展中的风险资本行业的新趋势表明，政府政策可以克服规模和距离障碍，帮助建立风险资本，以支持具有创新潜力的高增长企业。成功发展风险资本的八个共同政策主题是：刺激新风险；专门的金融政策机构；稳定的、国际协调的税收和法规；商业天使发展；对内投资;国际风险投资基金发展；投资渠道畅通；有效投资退出市场。风险资本政策发展主题是相互关联的，需要一个整体的生态系统方法。小型外围经济风险资本发展成功的蓝图需要在初始阶段刺激新的风险需求，随后同时制定政策以设计风险资本发展。
Emerging trends from the developing venture capital industries of three smaller peripheral economies (Finland, New Zealand, and Estonia), demonstrate that government policy can overcome scale and distance barriers to assist in establishing venture capital to support innovative potential high growth ventures. Eight common policy themes for successful venture capital development are: new venture stimulation; dedicated finance policy institutions; stable, internationally harmonized tax and regulations; business angel development; inward investment; international venture capital fund development; smooth pipeline of investment; effective investment exit market. Venture capital policy development themes are interconnected, requiring a holistic ecosystem approach. A blueprint for successful small peripheral economy venture capital development requires an initial phase of new venture demand stimulation and ensuing simultaneity of policies to engineer venture capital development.