In a hunt for options that were Schumpeterian, the Obama Administration has made venture capital a cornerstone of its Clean Technology policy, embracing a strategy of providing a few venture capital-financed businesses with big loan guarantees.
Misguided Policy Following Venture Capital into Clean Technology Case Study Solution
This informative article argues that three essential conditions are essential for venture capital to successfully open new economic spaces and then it employs them to measure the utility of enterprise capital investment in clean technology. The post concludes that big loan guarantees are unlikely to work. Other government policies such as SBIR grants, university R&D support, specific (de)regulatory measures, large scale demonstration projects, and/or procurement choices can better encourage both incremental and Schumpeterian innovation without distorting the disruptive dynamics of newmarket creation. This analysis can also be applied to other sector- and market-specific innovation policies.
PUBLICATION DATE: February 01, 2012 PRODUCT #: CMR505-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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