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New Technology-based Firms in the New Millennium

Based on the formation and growth problems of High Technology Small Firms (HTSFs) begun in 1993, this body of work maps the evolution of research in this area through academic research and government policy towards a sector that is the key to future prosperity of developed and developing notational economies throughout the world.

While much effort has been directed at understanding the roles of venture capital,
angel investment and public investment, there does not appear to be much
analysis of the industry-level effects as a new industry is emerging. In this chapter
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