VC managers, incentive schemes and transitioning economies

The research presented is devoted at understanding the impact of hypothetic incentives, designed to attract Venture Capital towards UE New Member States (NMS). We interviewed a sample of western European VC managers, trying also to evaluate the impact of possible restrictions and of the specific features of target Countries. First some interesting characteristics of VC institutions clearly emerge and typical attitudes of VC managers are highlighted. Then, relying both on the results obtained in the field research and on past contributions, we elaborate a proposal of a possible framework for the development of proper VC markets in NMS. A set of differentiated policies would be necessary for the scope, with attention paid not only to the supply side.