The changing face of the European venture capital industry: Facts and analysis

Bottazzi, Laura, Da Rin, Marco and Hellmann, Thomas (2003) The changing face of the European venture capital industry: Facts and analysis. Project Report. Survey of European Venture Capital (SEVeCa).

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Abstract

In recent years, a “third mission” pursued by universities, i.e. knowledge transfer to industry and society, has become more important as a determinant of enhancements in economic growth and social welfare. In the vast world of technology transfer practices implemented by universities, the establishment and management of university venture capital and private equity funds (UFs) is largely unknown and under-researched. The focus of this work is to provide a detailed description of this phenomenon from 1973 to 2010, in terms of which universities set-up UFs, their target industries and the investment stages of portfolio companies, which types of co-investors are involved in the deals, and which are the determinants of UFs’ ultimate performances. The picture offers us the opportunity to draw some implications about the relevance of UFs in different contexts (i.e. Europe and the United States) and provide to interested stakeholders with some useful guidelines for future development.

Item Type: Monograph (Project Report)
Keywords: venture capital
Subject(s): Entrepreneurship
Finance
Centre: Entrepreneurship Centre
Faculty of Finance
Date Deposited: 14 Aug 2015 11:29
Last Modified: 23 Oct 2015 14:08
Funders: not applicable
URI: http://eureka.sbs.ox.ac.uk/id/eprint/5439

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