There are numerous policy approaches that can be applied or combined to encourage a venture ecosystem’s health. Understanding these policies is critical. This article presents 44 policies, classified into eight categories: funding, taxation, regulation, clusters/networks/institutes, attracting talent and investment, stock market access, technology infrastructure /government procurement, and education/training. Each policy is illustrated with examples and commentary.
Addressing areas from government loans to IP legislation, from entrepreneur training centers to open borders, from primary school curricula to telecom infrastructure, the author first informs the policymaker – and then adds a word of caution: it is risky to try too many approaches at once. Over-engineering the ecosystem is dangerous, too. You need to adapt the policy to local conditions – and this article gives you the raw material to choose from, modify, and combine into the viable strategy you need to successfully navigate the ecosystem.
Appeared in the issue: Coller Venture Review — 2014 -1 — Welcome Issue
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List of References:
- Basich, Zoran. (2010) “Medvedev’s Silicon Valley Dreams Won’t Happen Overnight.” Wall Street Journal. 24 June. Available at: http://blogs.wsj.com/venturecapital/2010/06/24/medvedevs- silicon-valley-dreams- wont-happen-overnight/. Accessed on 27 August 2013.
- European Commission. (1995) “Green Paper on Innovation”, The European Union. http://europa.eu/documents/comm/green_papers/pdf/com95_688_en.pdf.
- Gulinello, Christopher. (2005) “Engineering a Venture Capital Market and the Effects of Government Control on Private Ordering: Lessons from the Taiwan Experience”, George Washington International Law Review. 37(4): 845-883.
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- Tech City. (2013) Tech Powers the London Economy: The Tech City 3rd Anniversary Report.