0 money that is spent on a new activity or company, especially when there is a chance that the activity or company will not be successful -- kapitał inwestycyjny (obarczonywysokimryzykiem)
The working of venture capital firms as bundlers of knowledge and capital with other qualified intangible inputs has been well explored.
Programs have been established to improve the utilisation of advanced technologies and to expand access to venture capital funds and high risk loans.
We argue that venture capital could not develop to the levels already reached without a dedicated and public market for knowledge-intensive property rights.
That is, development of a domestic venture capital industry sufficed in the favorable pre-emergence conditions at the time.
Liberalisation has also led to the establishment of venture capital funds.
In addition, it has explored the role of financial markets in providing funds for innovation activities, highlighting the role of venture capital.
It has required new intermediation forms, involving new organizations such as venture capital and new, dedicated private and public financial markets.
This usually lies within a geographical area no more than 40 km or so from the venture capital firms.
