TY - GEN N1 - Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2018; Nr 529; s. 237-247 N2 - In hereby article the author discusses the problem of financing innovation, especially the disruptive (or breakthrough) innovation. High uncertainty, capital intensity, but also high profit perspective make investing in innovations potentially attractive. There is a common perception that venture capital has become an intermediary in financial markets, providing capital to firms that might otherwise have difficulty attracting financing. As these firms are thought to be small, young and innovative, plagued by the “liability of newness”, venture capital is expected to fulfill an important role in the economy ‒ it is meant to be a tool of financing to novel and risky ventures and, hence, it is a drive of the technological and economic progress. The goal of the article is an attempt to answer the question if the venture capital is a risk loving or risk averse capital. Methods used are: critical analysis of literature and data analysis L1 - http://www.dbc.wroc.pl/Content/59592/Pohulak-Zoledowska_Risk_Capitals_Attitude_To_Financing_Innovation_2018.pdf M3 - artykuł L2 - http://www.dbc.wroc.pl/Content/59592 PY - 2018 KW - innovation KW - risk KW - uncertainty KW - venture capital KW - innowacje KW - ryzyko KW - niepewność KW - kapitał venture C1 - Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy A1 - Pohulak-Żołędowska, Elżbieta PB - Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu C6 - Dla wszystkich zgodnie z licencją LA - eng CY - Wrocław ID - DOI: 10.15611/pn.2018.529.21 T1 - Risk capital’s attitude to financing innovation UR - http://www.dbc.wroc.pl/dlibra/publication/edition/59592 T2 - Kapitał ryzyka w finansowaniu innowacji ER -