Introduction

As observed above, the problems of HTSF financing have been a major development issue for HTSFs and the HTSF conference since its inception in 1993, and have often provided a subject for substantial sub-sections in the book series. However, in this instance, a single offering is provided in Chapter 2 by Xia and Minshall. This work gives a very detailed and comprehensive review of the problems that have existed for many years with the funding of new high-technology firms. There is a very well-balanced view presented on the roles of public and private sector capital and, in particular, on how these two types of investment funding might be best combined to provide the better future support of HTSFs.