Emerging trends in government venture capital policies in smaller peripheral economies: lessons from Finland, New Zealand, and Estonia
Article
Owen, R. and Mason, C. 2019. Emerging trends in government venture capital policies in smaller peripheral economies: lessons from Finland, New Zealand, and Estonia. Strategic Change. 28 (1), pp. 83-93. https://doi.org/10.1002/jsc.2248
| Type | Article |
|---|---|
| Title | Emerging trends in government venture capital policies in smaller peripheral economies: lessons from Finland, New Zealand, and Estonia |
| Authors | Owen, R. and Mason, C. |
| Abstract | 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. |
| Research Group | Centre for Enterprise, Environment and Development Research (CEEDR) |
| Publisher | Wiley |
| Journal | Strategic Change |
| ISSN | 1086-1718 |
| Publication dates | |
| 13 Jan 2019 | |
| Online | 13 Jan 2019 |
| Publication process dates | |
| Deposited | 22 Jan 2019 |
| Accepted | 12 Nov 2018 |
| Output status | Published |
| Accepted author manuscript | |
| Copyright Statement | This is the peer reviewed version of the following article: Owen R, Mason C. Emerging trends in government venture capital policies in smaller peripheral economies: Lessons from Finland, New Zealand, and Estonia. Strategic Change. 2019;28:83–93, which has been published in final form at https://doi.org/10.1002/jsc.2248. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. |
| Additional information | Special Issue: Blockchain and Other Innovations in Entrepreneurial Finance: Implications for Future Policy |
| Digital Object Identifier (DOI) | https://doi.org/10.1002/jsc.2248 |
| Language | English |
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