Innovative financing mechanisms for new technologies

Joanna Błach

Abstract


nologies research projects can be characterized by high level of risk and long-term horizon and they require significant capital expenditures, access to professional human resources and equipment. Due to the global financial crisis, the investors are unwilling to finance high risk research projects. Limited access to capital may slow down innovation research and restrain technological development. Thus, new technologies require innovative financing mechanisms to bridge the capital gap and continue research. The main aim of this paper is to identify the innovative financing mechanisms for new technologies based on the example of the biotechnology.

Keywords


financial innovations; biotechnology; research projects

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DOI: http://dx.doi.org/10.17951/h.2013.47.3.41
Date of publication: 2015-07-23 22:18:10
Date of submission: 2015-07-20 12:58:19


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