Technology Financing Toward Effective Economies

Abstract

In the world of high technology, there are a multitude of uncertainties and risks that a company has to confront. Technology financing helps bridge the valley of death and enables venture companies to handle the uncertainties and risks in high-tech commercialization. In previous chapters, we have seen the government initiatives, policies, and strategies to support high-tech companies whereby financing programs cover the stages from the laboratory to commercialization. However, while the government in many developing countries plays an important role to fuel innovation, high-tech companies should learn how to take advantage of government financing programs to mitigate risks in commercializing their product/process innovations. Technology financing, along with human capital development and the right innovation infrastructure, can help build up a nation’s innovative capacity toward an effective economy.