Venture Capital and the Inventive Process: VC Funds for Ideas-Led Growth

Tamir Agmon, Stefan Sjögren

Research output: Book/ReportBookpeer-review

2 Scopus citations


The inventive process is the most important driver of economic growth. Venture capital (VC) funds have contributed a small, but critical, part to the inventive process. VC funds boost the inventive process by selecting a small number of radical ideas out a large flow of ideas and invest in their testing, development and commercialization. They bring together capital from general savings, management capabilities and business experience. When successful, VC-backed companies can contribute substantially to the welfare of society. In this book, VC funds are discussed in the context of macroeconomics, industrial organization, financial intermediation and financial economics. The authors adopt a comprehensive overview to provide clearer insight into the role of VC funds in the capital market and the way they operate.

Original languageEnglish
PublisherPalgrave Macmillan Ltd.
Number of pages123
ISBN (Electronic)9781137536600
ISBN (Print)9781137536594
StatePublished - 1 Jan 2016
Externally publishedYes


  • Assets
  • Consumer Surplus
  • Financial Intermediation
  • Globalization
  • Government Intervention
  • IP Laws
  • Radical Ideas
  • Risk
  • Semiconductor Industry
  • Technology
  • United States
  • investments and securities


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