More broadly, says Mr Lerner, Europe lacks an "entrepreneurial infrastructure"—everything from law firms that specialise in venture to seasoned entrepreneurs and a liquid public market for young firms.Will European governments try to counter the setback by stimulating domestic venture-capital industries?
Yet, the governments and universities of a large number of European, Asian and Latin American countries as well as the transition economies of Central and Eastern Europe are designing programs to stimulate new venture development.
At a meeting on Saturday, representatives from the two countries and a handful of foreign business people discussed ways to stimulate investment in business ventures in Iraq.
But a complaint: too many exhibitions of African art are still conceived along simplistic, introductory-level lines, coasting on the reliable allure of charismatic objects rather than venturing fresh, stimulating and possibly challenging ideas.
Perhaps, some sort of a microfinance program for entrepreneurs launching disease management ventures would stimulate the industry to action, creating hundreds of thousands of new jobs.
A social venture capital scene is also likely to emerge to fund them analogous to what we see at the moment in for the profit digital ventures space, stimulated by the launch of a $1 billion wholesale fund called the Big Society Bank.
Yet, the empirical evidence that the R&D subsidy program stimulated the biotechnology venture firms to expand their new product R&D activities is found to be rather weak.
Between 2010 and 2015, predicts BCG, China's e-commerce market will more than quadruple, from $71 billion to $305 billion—which could make it the world's largest.Such forecasts have stimulated plenty of venture capital, both foreign and domestic.
It can offer easy avenues of credit to small business so they can expand or generate entrepreneurial ventures that will stimulate new jobs (which I believe the latest proposed legislation is seeking to do).
I first got into tech in 1987, before the Internet was popularized, and then the Internet started stimulating concepts and ideas and entrepreneurial ventures.
Within MIT, OCW would serve as a common repository of information and a channel of intellectual activity that would stimulate educational innovation and cross-disciplinary educational ventures.
