VENTURE CAPITAL IMPACT ON THE REGION‘S COMPETITIVENESS

Abstract

Venture capital is widely considered as having important role in financing promising ventures. New technology-based ventures with the cutting-edge research and technology are the background of knowledge-based economy, moreover – one of the powerful way to ensure region’s competitiveness. Having high risk as well as attractiveness due to high return on investment such ventures are very interesting for venture capitalists as well as private investors, so called business angels. Many scientists focus on analysing competitiveness of particular region. But only few papers analyze the tension between venture capital and regions economical development and growth. Meanwhile, the present paper deals with the venture capital possible impact on regions competitiveness. Thus, the article captures: analysis of venture capital features and the impact on region’s competitiveness