Title: Financing innovative businesses through venture capital

Authors: Jarunee Wonglimpiyarat

Addresses: National Innovation Agency, Ministry of Science and Technology, 73/1 Rama VI Road, Rajdhevee, Bangkok 10400, Thailand

Abstract: There is a clear implication of conceptualising the problems in managing innovations that firms which have limited finance may not be able to invest in research and development (R&D) activities. As a result, there is a growing search for capital among entrepreneurial ventures. This paper reviews the financial system of financing innovations in Thailand. The study draws on successful implementation of venture capital (VC) funding mechanisms of Technologie-Beteiligungs-Gesellschaft (tbg) in Germany and OSEO Anvar in France for the application to the case of Thailand. The paper seeks to identify and model the policy measures that would assist the development of venture capital industry in Thailand. The paper argues that the Thai Government should take up more risky role to draw venture capital investment to the economy.

Keywords: venture capital financing; technology investment; start-up firms; science parks; commercialisation; start-ups; innovation management; entrepreneurship; Thailand; research and development; R&D funding.

DOI: 10.1504/IJEIM.2009.024586

International Journal of Entrepreneurship and Innovation Management, 2009 Vol.9 No.4, pp.380 - 395

Published online: 10 Apr 2009 *

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