Venture capital financing in the Canadian innovation system Online publication date: Wed, 14-Jun-2006
by Jarunee Wonglimpiyarat
International Journal of Technology, Policy and Management (IJTPM), Vol. 6, No. 1, 2006
Abstract: This paper investigates the management of the Venture Capital (VC) industry in Canada. The key government initiatives as well as the organisations/institutions established to create the dynamic and innovative system underpinning the industrial development of Canada are examined. Within the Canadian National System of Innovation (NSI), the government is an effective player in planning and implementing policies for industrial competitiveness. The paper examines the major Canadian industrial clusters and key players to understand the financing practices in the sphere of venture capital management. The findings show that the federal government, through its initiatives, has been the main factor in the creation of NSI. Many government programmes and policies were developed to nurture innovation in private firms, academia, and government organisations. Policy implications of the Canadian innovation system will be useful for other countries to use the government's innovative activities as important lessons towards better exploitation of the NSI approach.
Online publication date: Wed, 14-Jun-2006
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