VENTURE CAPITAL IN NANOTECHNOLOGY. CENTRAL AND EASTERN EUROPEAN PERSPECTIVE

Venture capital financing is considered to be of primary importance in fostering national innovation and economic growth. In this article, I analyse recent changes in venture capital firms operating in Central and Eastern Europe. Although at present venture capital funds shouldn't be perceived, as a primary source of financing for nanotechnology companies in the long-term their managers should understand the specifics of this source of financing. An overview of venture capital cycles may be of key importance to successful commercialization and may enable exceptional returns to entrepreneurs.