Cover image for Venture capital and the financing of innovation
Title:
Venture capital and the financing of innovation
Author:
Guilhon, Bernard, author.
ISBN:
9781119693512

9781119693581

9781119693550
Physical Description:
1 online resource : illustrations
Series:
Innovation, entrepreneurship and management series. Innovation between risk and reward set ; volume 6

Innovation, entrepreneurship and management series. Innovation between risk and reward set ; v. 6.
Abstract:
The funding of innovative projects that are fundamentally ambiguous often leads to situations where decision-making is difficult. However, decision-making can be improved by practices such as syndication and step-by-step funding. The dynamic of this industry requires us to consider the economic and institutional variables that make this system coherent in English-speaking countries, but conversely reduce it to a privileged niche by the leading authorities in Europe and France. This book proposes two guiding ideas. The first idea presents innovation as a very uncertain process. This modifies the decision-making in the entrepreneurial ecosystem, with intervention upstream in regards to stronger foundations, evaluations and selection of projects. The second idea is that the actors hold onto partial knowledge in a context where their attention span is limited. These cognitive limitations need the formation of networks, and lead to mutual and complementary dependency relations.
Local Note:
John Wiley and Sons
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E-Book 595761-1001 HG4751 .G85 2020
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