Venture Capital and Small Scale Businesses in Benue State

Abstract

This study is aimed at evaluating the impact of Venture Capital on Small Scale Businesses in Benue State. Employment creation, profitability, productivity and Business growth are the variables used. The population was 254 Small Scale Businesses financed by Venture Capitalists in the state out of which 50was taken as the sample size. Close ended questionnaire was administered and data collected analyzed via Statistical Package for Social Sciences (SPSS). It was concluded that Venture Capital impact positively on Small Scale Businesses in the state through Employment creation, profitability, productivity and Business growth.  It was recommended that venture capital should be used by entrepreneur or Small Scale Businesses in other to create employment, profitability, productivity and growth of the business.

Keywords: Small Scale Business, Venture capital, Entrepreneur, innovation.