Policy towards private equity and venture capital

In both the US and the UK, the development of the venture capital industry has been accelerated by top-down initiatives from national governments. Within the European Union, the Commission has also made strenuous efforts to enable local private equity markets to grow. In Poland, however, the government's efforts on behalf of venture capital have been at best limited, argues Piotr Tamowicz of the Polish Private Equity Association. Tamowicz gives an overview of the most effective policies and argues that such strategies would have a great impact on Poland's already burgeoning private equity industry.