| Abstract [eng] |
Object of the research is public venture capital as a tool of venture capital market incentive, innovative business start-up financing, and state policy, which helps addressing imperfect/inefficient market situations where private venture capital does not access all market players. Purpose of the research is to reveal the importance of public venture capital to the national venture capital sector, its impact on the economy and, based on the experience of European countries, to create a hypothetical model of public venture capital development in Lithuania. In order to meet this purpose theoretical aspects of public venture capital in foreign authors’ scientific works were overviewed; public venture capital tools, that have been implemented in foreign countries, were analyzed; the level of study of public venture capital topic in Lithuanian authors’ scientific works was evaluated; the state of Lithuanian innovation development and financing and venture capital systems was analyzed, and a hypothetical model of public venture capital development, which could be implemented in Lithuania, was created. |
