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This book teaches readers about the role played by new enterprises and firm founders in the transformation of Central and Eastern European countries, as well as places in Central and Eastern Europe in which little or no investigation has been performed until now (Yugoslavia, Romania, Slovakia).

The aim of this study is to investigate in the role of Venture Capital in the development of New Technology Based Firms in two countries: USA and Germany. Based on literature review and empirical work issues concerning the extent and stage of financing, the nature of oversight provided by Venture Capitalists and the framework conditions for Venture Capital are subject of investigation. The results have been reflected in a workshop with experts from research, industry and policy.