Home / Events / CSIS/STS Talk: Venture Capital in the U.S. National Innovation System

CSIS/STS Talk: Venture Capital in the U.S. National Innovation System

Presented by Dr. Martin Kenney (Professor of Human and Community Development, UC Davis)
When Jan 22, 2013
from 12:15 PM to 02:00 PM
Where SS&H 1246
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Abstract

Venture capital (VC) is a relatively recent addition to the US national system of innovation (NSI). Tracing the history of the VC industry in the US provides an interesting example of how NSIs can add new institutions, and in the process be transformed. The history encompasses important exogenous events, endogenous developments, and actions by individual actors. The story of the development of VC is set in the technological trajectories where it has experienced its greatest success, the information, communications, and biomedical industries. The emergence of VC is intimately related to various government actions, and yet the paper does not find government actors as critical to the formation of this new group of financial intermediaries. Further, we show that, while VC can be considered a national mechanism for funding innovations, its impacts have been confined to only a few regions.

*Lunch provided: Please RSVP before Monday, January 21, 2013.

This talk is sponsored by CSIS and STS and open to the public.

For a map of the event location, click here (and note where the three red lines converge).

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