Summary |
Technology and knowledge-based ideas like information technology, biotechnology, bio-informatics, electronics, medical, health-care, media and entertainment and the like will be the growth drivers in the global economy in 21st Century. They require equity capital as well as managerial assistance to turn these ideas into viable enterprises. However, these ventures lack access to existing equity markets due to great uncertainty and long gestation periods. The only way to finance such ideas is ‘venture capital’. Thus, these, sun-rise-industries supported by ‘venture capital’ can be propelled into a powerful engine of economic growth and wealth creation in sustainable manner.
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