Venture Capital and the Financing of Innovation: 6 (Innovation, Entrepreneurship and Management: Innovation Between Risk and Reward) - Hardcover

Guilhon, Bernard

 
9781786300690: Venture Capital and the Financing of Innovation: 6 (Innovation, Entrepreneurship and Management: Innovation Between Risk and Reward)
Hardcover
ISBN 10: 1786300699 ISBN 13: 9781786300690
Publisher: Wiley-ISTE, 2020

Synopsis

The funding of innovative projects that are fundamentally ambiguous often leads to situations where decision-making is difficult. However, decision-making can be improved by practices such as syndication and step-by-step funding. The dynamic of this industry requires us to consider the economic and institutional variables that make this system coherent in English-speaking countries, but conversely reduce it to a privileged niche by the leading authorities in Europe and France.

This book proposes two guiding ideas. The first idea presents innovation as a very uncertain process. This modifies the decision-making in the entrepreneurial ecosystem, with intervention upstream in regards to stronger foundations, evaluations and selection of projects. The second idea is that the actors hold onto partial knowledge in a context where their attention span is limited. These cognitive limitations need the formation of networks, and lead to mutual and complementary dependency relations.

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About the Author

Bernard Guilhon is Emeritus Professor at Aix-Marseille University, as well as a Professor at SKEMA Business School, France. He has written numerous books and articles on the knowledge economy and innovation.

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Publisher
Wiley-ISTE
Publication date
2020
Language
English
ISBN 10 
1786300699
ISBN 13 
9781786300690
Binding
Hardcover
Edition number
1
Number of pages
196