I'd like to know more about what investments qualify for this money.
The report defines venture capital as “funding for companies that have a new idea”. The definition of “new idea” is, and has always been, vague. What constitutes a new idea? Is it a patent that is yet to bear revenue? Is it an amendment to an existing patent? Is it a new use of existing technology? What limitations are there on the investments these funds can make with the $400 million venture capital action plan money?