Venture Capital Firms in Mozambique
DOI:
https://doi.org/10.4000/cea.954Keywords:
Investimento, Capital de Risco, MoçambiqueAbstract
The text constitutes a synthesis of a study that analysed in a comprehensive way the venture capital activity in Mozambique over three years. The central aim of the study was to evaluate if the local Venture Capital firms (VCs) performed their activities following the classical model or if there was an adjustmentof their proceedings in response to specific aspects of a less developed economy. The study was based in previous investigations carried out in Portugal and in South Africa, but it enlarged their scope when considering the industry environmentalcontext. The results observed the existence of a not so favourable environmental context for the industry growth and a significant evolution in the policy followed by the VCs. Amongst other aspects, the study suggested that the VCs embraced a more flexible approach, without, however, this meaning the adoption of models applied in less developed countries.
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