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Bring back private venture capital by Dr Mark Scibor-Rylski

Sir, Why is financing early-stage companies a task for the public sector? The regional development associations and the EU are not venture capitalists. Why has this sector been nationalised without protest?

We must be able to fund good new businesses as we struggle out of a recession, yet ineffective and often mirage state funding mechanisms are all we have left. We must bring back venture capital before even more new business opportunities are wasted.