Emerging trends in government venture capital policies in smaller peripheral economies: lessons from Finland, New Zealand, and Estonia

Owen, Robyn ORCID: https://orcid.org/0000-0003-4241-3367 and Mason, Colin (2019) Emerging trends in government venture capital policies in smaller peripheral economies: lessons from Finland, New Zealand, and Estonia. Strategic Change, 28 (1) . pp. 83-93. ISSN 1086-1718 [Article] (doi:10.1002/jsc.2248)

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Abstract

Emerging trends from the developing venture capital industries of three smaller peripheral economies (Finland, New Zealand, and Estonia), demonstrate that government policy can overcome scale and distance barriers to assist in establishing venture capital to support innovative potential high growth ventures. Eight common policy themes for successful venture capital development are: new venture stimulation; dedicated finance policy institutions; stable, internationally harmonized tax and regulations; business angel development; inward investment; international venture capital fund development; smooth pipeline of investment; effective investment exit market. Venture capital policy development themes are interconnected, requiring a holistic ecosystem approach. A blueprint for successful small peripheral economy venture capital development requires an initial phase of new venture demand stimulation and ensuing simultaneity of policies to engineer venture capital development.

Item Type: Article
Additional Information: Special Issue: Blockchain and Other Innovations in Entrepreneurial Finance: Implications for Future Policy
Research Areas: A. > Business School > Centre for Enterprise and Economic Development Research (CEEDR)
Item ID: 26029
Notes on copyright: This is the peer reviewed version of the following article: Owen R, Mason C. Emerging trends in government venture capital policies in smaller peripheral economies: Lessons from Finland, New Zealand, and Estonia. Strategic Change. 2019;28:83–93, which has been published in final form at https://doi.org/10.1002/jsc.2248. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions.
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Depositing User: Pamela Macaulay
Date Deposited: 22 Jan 2019 09:53
Last Modified: 04 Feb 2021 01:05
URI: https://eprints.mdx.ac.uk/id/eprint/26029

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