Skip Navigation

Science & Innovation Policy: R&D in Africa

Definitions

Definitions have been adapted from three main sources: Cordis (ECC), the Frascati Manual (FM) and the Oslo Manual (OM), with thanks to the providers.

V

Venture capital

Investment in companies whose success is uncertain, but also offer the possibility of a high rate of return. Venture capital is an essential means of financing the rapid growth of new technology-based firms (ECC).