000 01773cam a2200241 4500500
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041 _afre
042 _adc
100 1 0 _aDaramola, Adebola
_eauthor
700 1 0 _a Daramola, Adebola
_eauthor
245 0 0 _aNew Technology-Based Firms and Venture Capital Policy in Nigeria
260 _c2012.
500 _a47
520 _aThe development of high growth New Technology-Based Firms (NTBFs) in Silicon Valley, Israel, Bangalore and UK is attributed to Venture Capital. Evidence of Nigeria focused or based Venture Capital investment in new technology based firms (NTBFs) is surveyed. This study attempted defining what NTBFs is with Nigeria in context; utilizing established classification such as OECD in assessing the kinds of technology-based firms (TBFs) around. Despite the importance of NTBFs, government incentives and VC investments to grow them have been minimal in Nigeria. Using open (unstructured) questions interviews of members of the Venture Capital Association of Nigeria (VCAN) and some executives in technology-based firms, their assessment of the Nigerian business environment shows a need for policy changes to encourage an upsurge of VC investment in NTBFs. This paper relied on secondary source material.JEL Codes: G24, G28, O38, O16, O43, O55
690 _adevelopment Financial Institutions (DFIs)
690 _aICT Sector
690 _aNew Technology Based Firms (NTBFs)
690 _apolicy
690 _aSmall and Medium Equity Investment Scheme (SMEIS)
690 _aventure capital
786 0 _nJournal of Innovation Economics & Management | 9 | 1 | 2012-04-16 | p. 163-181
856 4 1 _uhttps://shs.cairn.info/revue-journal-of-innovation-economics-2012-1-page-163?lang=en&redirect-ssocas=7080
999 _c1112624
_d1112624