Many of today's successful technology firms started out as venture capital (VC) backed firms.The ventures of today are expected to play a key role in the continuance of technological innovation.Thus, the focus here is on strategic policies aimed at promoting innovative businesses and on the...

Silicon Valley, Singapore, Tel Aviv--the global hubs of entrepreneurial activity--all bear the marks of government investment. Yet, for every public intervention that spurs entrepreneurial activity, there are many failed efforts that waste untold billions in taxpayer dollars. When has...