Venture capital and the financing of innovation / Bernard Guilhon.
Material type: TextSeries: Innovation, entrepreneurship and management series. Innovation between risk and reward set ; ; v. 6.Publisher: London : Hoboken, NJ, ISTE, Ltd. ; 2020Description: 1 online resource : illustrationsContent type:- text
- still image
- computer
- online resource
- 9781119693512
- 1119693519
- 1119693586
- 9781119693581
- 332.04154 23
- HG4751 .G85 2020
Includes bibliographical references and index.
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.
Description based on online resource; title from digital title page (viewed on May 14, 2020).
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