The State, Venture Capital and Domestic High-Tech Start-Ups in a Late-Developing Economy - Ireland
Ireland, the “Celtic Tiger” economy of today, had for decades been one of the poorest of the Western European economies. This paper analyses the three-pronged approach of the Irish authorities in promoting successful high-tech start-up firms. An investment climate conducive to the emergence of such firms was first created. Emerging firms were then offered substantial public support in developing their capabilities. Finally, the authorities played a significant role in promoting the emergence of a dynamic venture capital industry. Such interventionist policies would have been highly unlikely to succeed in the absence of strong institutional capacity.
Year of publication: |
2006-12-09
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Authors: | Barry, Frank ; Topa, Beata |
Institutions: | School of Economics, University College Dublin |
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