E3 Journal of Business Management and Economics
E3 Journal of Business Management and Economics Vol. 3 (3) pp. 096-105, March 2012; © E3 Journals; ISSN 2141-7482
The analysis of the conditions needed for building venture capital industry in Lithuania
Ausra Gvazdaityte *Vilnius Gediminas Technical University, Saulėtekio al. 11, LT–10223 Vilnius, Republic of Lithuania
*Corresponding Author E-mail: aushragva@yahoo.com
Accepted 11 January 2012
Abstract
This article includes the analysis of the conditions needed for venture capital (VC) market creation and the perspectives in Lithuania. The successful case of VC in Silicon Valley is shortly presented. The theoretical part of the article is up for revealing the differences of the venture capital concept among the regions. Going through the market analysis and statistical data, the current VC situation in Lithuania is presented. According to the opinion of the experts, the main problems that are obstacles successful VC market growth are determined. The priority sector for VC investments is also identified. In reference to accomplished theoretical and practical venture capital market perspectives’ analysis, suggestions and conclusions have been done.
Keywords: Conditions for venture capital; Lithuanian market research; PEST analysis; Venture capital concept; Venture capital market creation; Venture capital market perspectives in Lithuania
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