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Scaling up innovation
06/06/2007. Source:Innovative Ventures Inc. (IVI). Thomas D Nastas
 Developing country SMEs in partnership with government planners and foreign investors are working to create technology capacity and ensure their future in a knowledge-based world, says Thomas D Nastas in this article which originally appeared in a World Bank publication.
INNOVATION, SMALL AND MEDIUM enterprises, entrepreneurship and venture capital are ingredients in the creation of knowledge based economies; witness the success of Silicon Valley in large economies like the US and replicated in France, Germany, Japan, the UK, and elsewhere.
Small country economies like Israel, Ireland and Singapore, with little domestic demand for technology, developed unique approaches of exporting knowledge creation with excellent outcomes.
Developing country SMEs in partnership with government planners and foreign investors are working to create technology capacity and ensure their future in a knowledge-based world.
Much energy is directed at replicating the strategies that made SMEs in Israel, Ireland, Korea, Singapore and Taiwan so successful—the development of disruptive technologies for global markets with government and donor monies supporting technology creation and VC initiatives to finance innovation.
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The business of Innovative Ventures Inc. (IVI) is venture capital. We manage funds and provide financial institutions with advisory services to invest in international and emerging market venture capital (VC) funds. We develop markets and entrepreneurs since the emerging countries lack the quality and quantity of companies for venture capital investment. Our CIS High Technology Partnership Initiative™ molds great technology into viable companies through cross-border partnerships, and IVI’s Russian Technology Investment Forum™ introduces early stage Russian technology enterprises to international strategic and venture capital investors.
Originally published in Development Outreach, Vol. 9, No. 1, 2007, a publication of the World Bank Institute.
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