Toward an entrepreneurial state? A novel typology of government roles in venture capital

Abstract Government intervention in venture capital markets is typically justified by “funding gaps” arising from market failures. However, recent policies do not neatly fit this logic, demonstrating more interventionist government roles that leverage venture capital to achieve broader societal goals, such as combating climate change and strengthening technological sovereignty. The current literature does not adequately capture these emerging government roles. Therefore, this paper adopts an abd