Venture Capital and Pension System

This study deals with the possible link between pension funds, venture capital and innovation to manage the challenge of aging. Institutional capacities of Hungarian second pillar is engrossed by the reallocation of it's bond and stock portfolio - therefore "exotic" investments as selected investment into the real economy by means of venture funds is uninterested. Innovative SMEs have low share on venture capital market of Visegrad countries. This is in connection with the neofordist or knowledge user profile of the subnational regions of these countries