Venture Capitalism, New Markets And Innovation-Led Economic Growth

This paper explores the new market-mediating mechanisms linking SU invention on the one hand and economic growth on the other. Two such mechanisms come to our mind under venture capitalism (of which venture capitalism is directly involved only in the first): A systemic rather than haphazard link between radical inventions and the emergence of new product markets; and a link between new product markets) on the one hand and invention & unbundled technology markets on the other.