Public policy and entrepreneurship: Venture capitalism in British Columbia

This study explores policy options to address the reasons of why there is too little venture capitalism in British Columbia. Venture capitalism is the process of investing in potential highgrowth entrepreneurs and small businesses. The unique contribution of this study to the literature is use of the policy analysis approach. That is, combining empirical evidence, case studies, and interviews with market experts to showcase the policy problem, identify policy iilternatives, objectively measure those alternatives and ultimately, put forward some recommendations to government. A number of policy implications of this study serve to coordinate an arena for angel investors and entrepreneurs, use a fund of funds to raise venture capital, and provide a method for institutional investors to participate in the market.