Abstract
The financing of entrepreneurial activity in Germany has a long tradition, and at least reaches back to medieval times, when vast trading empires, such as those associated with the Hanse and Fugger, blossomed in regions that are now part of Germany. The advent of modern venture capital firms is a much more recent phenomenon in Germany, though. Only by the mid-1960s the first Kapitalbeteiligungsgesellschaften (KBGs - equity stock companies), which can loosely be regarded as the German counterpart to the U.S.’ SBICs, were founded. Finally, nearly another two decades later, in 1983, the first independent, U.S.-style venture capital firms came into being in Germany.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Rights and permissions
Copyright information
© 2006 Deutscher Universitäts-Verlag/GWV Fachverlage GmbH, Wiesbaden
About this chapter
Cite this chapter
(2006). Venture capital in Germany. In: Public Policy for Venture Capital. DUV. https://doi.org/10.1007/978-3-8350-9048-4_4
Download citation
DOI: https://doi.org/10.1007/978-3-8350-9048-4_4
Publisher Name: DUV
Print ISBN: 978-3-8350-0217-3
Online ISBN: 978-3-8350-9048-4
eBook Packages: Business and EconomicsEconomics and Finance (R0)