Technology Venturing: American Innovation and Risk-Taking

Technology venturing is a fresh concept; it integrates applied science and risk capital in the development of large-scale, long-term projects of national importance. It is an entrepreneurial process by which major institutions take and share risk in combining and commercializing scientific research and technological innovation. It is a primary means of generating original products and services of economic value, often linking public sector requirements with private sector investments. from the Preface