In search of solutions Schumpeter, the Obama administration has made venture capital a cornerstone of its policy of net technology, the adoption of a strategy for more guarantees for loans funded by several venture capital firms. This article argues that the three key conditions are necessary for a successful venture capital to open a new economic space, and then he uses them to evaluate the viability of the venture capital investment in clean technologies. The article concludes that the large loan guarantees are unlikely to be effective. Other public policy, such as SBIR grants, university R & D support, some (de) regulatory actions, large-scale demonstration projects, and / or procurement decisions can best encourage both incremental and Schumpeterian innovation without distorting turbulent dynamics Newmarket creation. This analysis can be applied to other sectors of the market and the specific innovation policy. "Hide
by Andrew Hargadon, Kenny Martin Source: California Management Review 22 pages. Publication Date: February 1, 2012. Prod. #: CMR505-PDF-ENG
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