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Venture capital financing in the Thai economy
Jarunee Wonglimpiyarat
Science Policy Researcher; CPA, National Science and Technology Development Agency, Ministry of Science and Technology, Thailand; Hubert H Humphrey Fellow, Boston University MA, United States of America
Abstract
This paper is concerned with the management of venture capital financing in the Thai economy. It presents Small and Medium Enterprise Development Bank of Thailand (SME Bank) activities in support of the generation of new businesses and innovations. Being the bank for technology-based businesses to increase the nation's innovation capacity is the great challenge for SME Bank as the bank needs to garner the integrated financial and entrepreneurial support as well as a network of alliances.
The paper proposes the model of venture capital management for changing the innovative environment to create the tech economy. Innovative initiatives at SME Bank would be useful for economies in other developing countries to launch programmes supporting the diffusion and commercialisation of innovations.
Keywords
Small- and medium-sized enterprise (SME), Technology Bank, Silicon Valley, technology-based businesses, venture capital (VC), technology commercialisation
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