رأسمال المخاطر كتقنية للرفع من القدرات التمويلية للمشاريع المقاولاتية المبتكرة عن طريق أسواق البورصة

Abstract EN

Through this paper we aim to study the availability of one of the most important factors for creating and developing the innovative projects.

It is the external financing, by studying the role of the venture capital in increasing the financing capacity of innovative projects through stock markets.

In the current study we concluded that, financing the innovative projects require at the first stage a very specific financial institutions such as (the venture capital institutions), that have the experience and competence to manage risks of this kind of projects, before they could finance their investments needs in later stages by using the traditional external financing sources, in particular the stock markets.

The venture capital investors financing process based in holding investments only for a limited period, after that the venture capital investors will use the divestment process to sale these investments through the stock markets to get a capital gains.