The paper presents a generic, three-phase innovation and technology policy (ITP) model which, in a number of contexts, could lead to the successful rise of venture capital (VC) or related equity-based support and finance systems for innovative SMEs both in high- and non-high-tech sectors. There...

The paper argues that existing turbulent environments and Radical Uncertainty compell policy makers to be adaptive (Metcalfe 1995; Metcalfe and Gherghiou 1998); and that this implies the need of having a Strategic Level of Innovation Policy (broadly defined) which operates side by side with...

The paper summarizes the findings obtained during the first year of the Venture Fun project, carried out in an EU Network of Excellence PRIME and funded from the Sixth Framework Programme. The paper defines the central concepts of the project, identifies questions for further elaboration and...