The paper presents a generic, three-phase innovation and technology policy (ITP) model which, in a number of contexts, could lead to the successful rise of venture capital (VC) or related equity-based support and finance systems for innovative SMEs both in high- and non-high-tech sectors. There...

This paper provides an account of the emergence and development of a Venture Capital Industry in Israel, and the role it played in the recent successful growth of Israel's high tech cluster. The paper focuses on Israel's Venture Capital Industry, its emergence and operation during the 90s, in...

This paper argues that there is increasing need for the integration of policy considerations in the formulation of research questions and in the development of analytical work in policy oriented innovation studies. Despite the fact that Evolutionary and Innovation Studies theories have offered...

The assumption of given consumer tastes and production, loses ground very rapidly in information-intensive economic systems, where the ability to design products and services combinations for increasingly specific needs and skills is a key variable to competition. This article presents a...