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The Israeli kibbutz as a source of venture capital |
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| Authors: | David Doloreux Steve Dionne |
| Institution: | 1. Telfer School of Management, University of Ottawa , 55 Laurier Avenue East, Ottawa ON, K1N 6N5, Canada E-mail: doloreux@telfer.uottawa.ca;2. Centre de Recherche sur le Développement Territorial (CRDT), Université du Québec à Rimouski , 300 allée des Ursulines, Rimouski, Québec G5L 3A1, Canada |
| Abstract: | This paper discusses the Israeli kibbutz movement as a source of venture capital. A centralized organization and internal financing help individual kibbutz units achieve industrialization. The paper discusses Israeli and kibbutz environments, demonstrates the screening process and describes the venture capital decision process and investment and post–investment activities. The paper concludes by comparing the kibbutz as a source of venture capital with other Israeli venture capital sources. |
| Keywords: | regional innovation system peripheral region innovation network institutions La Pocatière Canada |