TY - JOUR
T1 - Community development venture capital
T2 - Concept and status quo in Germany
AU - Achleitner, Ann Kristin
AU - Braun, Reiner
AU - Bender, Marko
AU - Geidner, Annabell
PY - 2009/4
Y1 - 2009/4
N2 - As most other countries, Germany also faces dramatic regional differences in terms of socio-economic development. Important drivers of such development are entrepreneurial activity and the creation of new companies. We argue that venture capital (VC) and especially community development venture capital (CDVC) can be a powerful instrument to stimulate entrepreneurship and to support the growth of ambitious companies. Hence, the present paper deals with the general questions of whether there are regional gaps in the supply of VC in Germany, whether these regional gaps do geographically correspond to the most deprived areas in Germany and which kind of VC companies are currently in place in order to close potential regional gaps. We find that the primary potential target area for CDVC activities in the country is the state of Brandenburg. Our assessment of the German VC market reveals that real CDVC engagement in the country is yet to come.
AB - As most other countries, Germany also faces dramatic regional differences in terms of socio-economic development. Important drivers of such development are entrepreneurial activity and the creation of new companies. We argue that venture capital (VC) and especially community development venture capital (CDVC) can be a powerful instrument to stimulate entrepreneurship and to support the growth of ambitious companies. Hence, the present paper deals with the general questions of whether there are regional gaps in the supply of VC in Germany, whether these regional gaps do geographically correspond to the most deprived areas in Germany and which kind of VC companies are currently in place in order to close potential regional gaps. We find that the primary potential target area for CDVC activities in the country is the state of Brandenburg. Our assessment of the German VC market reveals that real CDVC engagement in the country is yet to come.
KW - Community development venture capital
KW - Entrepreneurship
KW - German venture capital market
KW - Germany
KW - Public venture capital
KW - Regional development
KW - Regional equity gap
UR - http://www.scopus.com/inward/record.url?scp=64549105368&partnerID=8YFLogxK
U2 - 10.1504/IJEIM.2009.024589
DO - 10.1504/IJEIM.2009.024589
M3 - Article
AN - SCOPUS:64549105368
SN - 1368-275X
VL - 9
SP - 437
EP - 452
JO - International Journal of Entrepreneurship and Innovation Management
JF - International Journal of Entrepreneurship and Innovation Management
IS - 4
ER -