Jump to ContentJump to Main Navigation
Cluster GenesisTechnology-Based Industrial Development$
Users without a subscription are not able to see the full content.

Pontus Braunerhjelm and Maryann P. Feldman

Print publication date: 2006

Print ISBN-13: 9780199207183

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780199207183.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2017. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see http://www.oxfordscholarship.com/page/privacy-policy).date: 28 June 2017

The Emergence of Israel's Venture Capital Industry: How Policy Can Influence High-Tech Cluster Dynamics

The Emergence of Israel's Venture Capital Industry: How Policy Can Influence High-Tech Cluster Dynamics

Chapter:
(p.172) 9 The Emergence of Israel's Venture Capital Industry: How Policy Can Influence High-Tech Cluster Dynamics
Source:
Cluster Genesis
Author(s):

Gil Avnimelech

Morris Teubal

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199207183.003.0009

This chapter documents the emergence of the Israeli venture capital (VC) industry. The process is divided into three phases that spread out over three decades and it is also a vital part of Israel's innovation and technology policy. There was a deliberate policy that targeted VC — besides the importance of bringing in foreign expertise at an early stage, is the importance of designing policy in a way that reassures the existence of a sufficient knowledge base. Moreover, the successful launching of a VC industry hinges on a critical mass of technology-based start-ups for a robust demand side. A truly innovative part in Israel's policy was the inclusion of a mechanism from the very start for the government to withdraw and privatize the venture capital funds.

Keywords:   three stage model, privatization, entrepreneurs, institutions

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .