Venture Capital and Industrial Competitiveness

By January 10, 2008No Comments

What is the role of venture capital in industrial competitiveness? On the one hand, venture capital has played a crucial role in the emergence of innovative entrepreneurial enterprises and high-technology regions such as Silicon Valley and Boston’s Route 128 corridor. On the other hand, a number of commentators have suggested that venture capital contributes to a pattern of chronic entrepreneurship and the breakthrough illusion of U.S. high technology which have a negative implications for U.S. technological and industrial competitiveness.