PRINT THIS PAGE Framework for venture capital in the accession countries to the European Union04/02/2003. Source: Cap Gemini Ernst & Young Consulting, Raiffeisen Zentralbank. Peter Schöfer, Roland Leitinger
While venture capital is one of the best ways to encourage innovation and entrepreneurship, it is hardly known in the countries wishing to join the EU – countries that, it could be argued, have the greatest need of it. Here Peter Schöfer of Cap Gemini Ernst & Young and Roland Leitinger of Raiffeisen Zentralbank define criteria for a venture capital framework and attempt to assess how nearly these criteria are met in the accession countries. Schöfer and Leitinger point out the huge potential of these transitional economies for venture capital funds, focusing on selected countries: the Czech Republic, Poland, Hungary, Russia, Slovenia, Slovakia and Estonia.
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Copyright © 2002 Peter Schöfer, Roland Leitinger
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