Introduction

Abstract

Technology financing — the process of funding innovative businesses to turn technological inventions into commercial innovations — has received considerable attention in the emerging trends of research and in relation to a knowledge-based future. Technology financing can be seen as co-evolving with the high-tech industry because high-technology investments enable the process of technology management and commercialization to reach its full potential. Technology financing is considered particularly important in the start-up stage of businesses. This is because financial resources are a necessary resource required by firms to start their businesses and subsequently operate. Effective financing is important in building national innovative capacity to achieve successful and sustainable economic development. However, there is a dearth of research with regard to how to effectively finance innovative businesses to help them grow and be an engine to foster economic growth. This book therefore attempts to address some deficiencies in the existing empirical research in technology financing and commercialization.