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Title:	*Model Of The State And EU Involvement In The Venture Capital Market*
Authors:	Erika Jaki, Endre Mihaly Molnar
Published in:	(2017).ECMS 2017 Proceedings Edited by: Zita Zoltay Paprika, Péter Horák, Kata Váradi, Péter Tamás Zwierczyk, Ágnes Vidovics-Dancs, János Péter Rádics European Council for Modeling and Simulation. doi:10.7148/2017 ISBN: 978-0-9932440-4-9/ ISBN: 978-0-9932440-5-6 (CD) 31st European Conference on Modelling and Simulation, Budapest, Hungary, May 23^rd – May 26^th, 2017
Citation format:	Erika Jaki, Endre Mihaly Molnar (2017). Model Of The State And EU Involvement In The Venture Capital Market, ECMS 2017 Proceedings Edited by: Zita Zoltay Paprika, Péter Horák, Kata Váradi, Péter Tamás Zwierczyk, Ágnes Vidovics-Dancs, János Péter Rádics European Council for Modeling and Simulation. doi: 10.7148/2017-0120
DOI:	https://doi.org/10.7148/2017-0120
Abstract:	It is especially difficult for seed stage companies to find adequate financing. In the last decade venture capital (VC) has played significant role in funding seed and start-up stage companies. Our study focuses on the financing of seed stage companies via venture capital funds subsidized by the state and European Union. Seed stage companies are supported by incubator houses with infrastructure and expertise. Accelerators help them with their partner network, with intensive training and occasionally with capital. There is no sharp borderline between incubator houses and accelerators regarding the provided services. We give an overview about the history of the Hungarian VC market with its most important milestones. In our study, we pay extra attention to the appearance of the governmental and the EU funds, and focus on the model of the local VC market, presenting how funds operate and distribute state subsidies.
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