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• Growth and venture capital investment potential for university spin-offs in Hungary

  31-38

  Patrícia Becsky-Nagy

  Views:

  178

  Venture backed spin-offs represent a low proportion of companies, even of innovative companies. The research question was, whether these companies have an important role in innovation and economic growth. I present the most important indicators of innovation in connection with entrepreneurship, the measures of start-ups, mainly the high-tech ones. I describe the position of venture capital industry nowadays, detailing the classical venture capital investments, targeting high-growth potential small firms, even university spin-offs. The study presents the results of a survey made as a counterpart of an academic research team, examining spin-offs, entrepreneurs and technology transfer in the most important Hungarian universities. I found that the most important obstacles of venture capital investments in high-tech spin-offs are the information gap between demand and supply side, the lack of entrepreneurs’ willingness to give up freedom in decision making, despite of low managerial skills. The low quality of financial environment is also an obstacle of the segment.

  JEL Codes: G24, M13

• Assessing the financial viability of the floricultural industry in Ghana

  119-126

  Emmanuel Donkor

  Enoch Owusu-Sekyere

  Victor Owusu

  Samira Saadu

  Jacqueline Baidoo

  Hennor Avame Yaw

  Djamson Eric Kwesi

  Felix Owusu Serbeh

  Views:

  207

  This study determines the financial viability of the floricultural industry in Ghana using both discounting and non-discounting investment appraisal methods. The feasibility analysis suggests that large-scale floricultural firms are more profitable particularly with the production of cut flowers. However, investors with limited capital can venture into small-scale production specifically cut flowers. The conclusion is that the floriculture industry is financially viable therefore investors are encouraged to expend their resources in the industry. We recommend that the government and stakeholders need to create institutional support to enable the already established firms to further develop and attract new investors in the sector.

  JEL. Code: Q13