Venture capital και οικονομική κρίση
Venture capital and economic crisis
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ΕπιχειρηματικότηταKeywords
Κεφάλαια επιχειρηματικών συμμετοχών ; Οικονομική κρίση ; Χρηματοδότηση ; TANEO ; Venture capital ; Economic crisis ; Entrepreneurship ; FinancingAbstract
Venture Capital holds a significant role in the development of an economy and in the support
of Start-Ups and existing firms with a high added value. Venture Capital finances young
companies, and particularly those which develop innovative technologies and have the
potential to take-over emerging markets.
The present dissertation aims to examine the concept of Venture Capital and how it relates
to an economic crisis. In the first chapter the concept and the content of Venture Capital is
defined and a historical retrospect of its development, throughout the course of time is
presented. In parallel, a reference of other important forms of financing, such as leasing etc. is
defined, aiming to present their characteristics and to further clarify Venture Capital's
contribution in undertaking business initiatives. Also, an examination of the Venture Capital
advantages and disadvantages, as well as the factors which are impacted within a
Microeconomic and a Macroeconomic environment, are analysed. The last sub-chapter refers
to the importance of the Venture Capital in the section of enterpreneuship.
The second chapter presents an in-depth analysis of Venture Capital firms, as well as the
stages which have to be undertaken for the financing of other investment initiatives.
The third chapter presents Venture Capital's legal framework and its development in
Greece, in an attempt to clarify the concept within the national economy as well as its
importance in entrepreneurship. In addition, the TANEO organization is mentioned and its
significance to the development of the Venture Capital concept in Greece.
The fourth chapter elaborates on the quantitative data, diagrammatically presenting its
contribution in the OECD countries, the USA and more generally in Europe, with a view to
support the next chapter which makes reference to the economic crisis.
analyses of two countries, Israel and Brazil are cited, which make use of the Venture Capital
in order to address the economic downturn during the years.
Finally it is in the sixth chapter that the conclusions are made, which have come about
from the earlier chapters of the dissertation and which indicate the particular significance of
the particular financing methods for entrepreneurship, if it is implemented in the most
effective way.
Consequently, the fifth chapter analyses the effect of the economic crisis on Venture
Capital in European countries and the USA, analyzing the overall impact on the global
economy and market. In addition, the necessary information is put forward so that it is
possible to carry out further research based on this project. In the final 2 sub-chapters, the