Technology Financing and Commercialization

This book highlights the concepts of technology financing, technology and innovation management, technology investments and commercialization. It relies on three main approaches: National Innovation Systems (NIS), the Triple Helix Model, and Micheal Porter's Diamond. It highlights the main difficulties faced by new technology-based firms in financing their business projects, R&D investments, and commercialization of new technologies, and provides an illustration of the various funding alternatives - from commercial banking, to business angels, private equity and venture capital, to stock markets. Part II is devoted to some successful case studies in the developed world, namely Silicon Valley and Boston Route 128, Canada and the Israeli 'Silicon Wadi'. Part III, instead, focuses on the national innovation systems of some Newly Industrialized Economies (NIEs), namely the Asian Dragons - Taiwan, Singapore - and the Asian Tigers - Malaysia, Thailand. The author offers practical lessons and insights on effective policies that can be applied to other economies in terms of using technology financing to foster technological innovations. In addition, the book outlines the significant role of government in accelerating the nation's innovative capacity by promoting technology investments and creating conditions that enable innovative activities to achieve successful and sustainable economic development. The book will prove a valuable resource for policymakers, students, instructors, researchers, government leaders and practitioners wanting to understand the dynamics of technology and innovation management and public policy strategies aimed at achieving an innovative economy with effective technology financing and commercialization.