Business Management Dynamics

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ISSN: 2047-7031

bmd Business and Management Dynamics bmd
ISSN: 2047-7031  
Volume  3   Issue 10  2014  
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Article Abstract
Building of Innovation Capacity in Venture Capital Backed Companies: Qualitative Research Approach
Keywords:  innovation capacity, start-ups, venture capital investments, value added.
VITALIJA VENCKUVIENE
The abundance of the research in the field of venture capital funding highlights the importance of this topic to boosting economic prosperity in terms of increasing innovation potential and creation of job places appearing due to the development of high potential in early business stages. The analysis of the scientific literature has revealed a specific role of venture capital in funding an early stage business that faces the shortage of capital for development. Additionally, it is argued that venture capital has a positive effect on companies in terms of various non-financial services. Specifically, this paper deals with the role of venture capitalists in building innovation capacity in their portfolio companies. The findings of the qualitative research suggest that venture capital investors are associated with many changes in a company concerning innovations, so they contribute to the capacity gain for company's development.
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