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INTRODUCTION AND SUMMARY
EINLEITUNG UND ZUSAMMENFASSUNG
THE IMPORTANCE OF NEW TECHNOLOGYBASED FIRMS
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assets banks British Bundesrepublik Deutschland capital gains cash flow Cash flow statement cent Chapter Close Company commercial corporation tax countries creation and growth development capital dividends DWFG Eastwell Electronics employee inventor entrepreneurs environment equity exploit factors Federal Republic form of incorporation Fraunhofer Gesellschaft funds Garching German Gesellschaft ICFC income tax initial interest inventor/entrepreneur investment KBGs Laser-Scan Lewicki liability licence limited company loans losses major medium sized firms Membrain million Ministry for Economic Ministry for Research MUller NRDC NTBF's NTBFs operating organisation patent patent system potential private wealth Programme for Sponsorship projects public R&D R&D expenditure Research and Technology retained earnings Scienta sector shareholders small and medium small firms sources of finance Sponsorship of Innovation start-up Subchapter tax shelter taxation technological innovation technology-based firms United Kingdom Unternehmen venture capital institutions Vereinigten Königreich