Study Questions UK Gov's Record in VC
The British Venture Capital and Private Equity Association and state-backed technology fund NESTA today released a study questioning the way UK taxpayer money is used to support startup businesses. It found that six government-backed VC programs created jobs between 1995 and 2008, but that the effect had been small in relation to the amount of money committed: Many of the problems arise from the structure and limitations of government-backed schemes established in the UK to date. Too often they have been too small, too regionally focused, poorly managed, or unable to provide enough capital or effective follow-on funding. You can download the full report here, or read it after the jump:
2 September 2009•1 min read
