Venture capital is considered to be the most appropriate form of financing for innovative firms in high-tech sectors. We provide an assessment of venture capital looking at the involvement of venture capital with some of Europe's most innovative and successful companies: those listed on Europe's...

This paper re-visits the empirical failure to establish a clear link between R&D efforts and patent counts at the industry level. It is claimed that the 'propensity-to-patent' concept should be split into an 'appropriability propensity' and a 'strategic propensity'. The empirical contribution is...