Venture Capital Research Paper Example | Topics and Well Written Essays - 1250 words

Venture Capital - Research Paper Example As per the survey conducted by the Ernst &Young in the year 2008, there were 56 percent of exits of venture capital companies out of which 12 percent of the companies belonged to the pharmaceutical and health care sector (Ernst &Young). Healthcare companies like Novartis Venture capital division and Johnson and Johnson Development venture capital divisions earned meager amount of profits during recession. The pharmaceutical companies also make further investments in life science companies across biotech, medical devices and diagnostics. The main motive of the venture capital divisions of pharmaceutical companies is to provide startup capital to other medical companies which have a better prospect in the future. For example the Novartis venture capital division provides venture capital fund only to those companies which adhere to their corporate development plans. South Korea is an emerging market for venture capital investments in the pharmaceutical companies hence medical companies like Novartis and Johnson and Johnson have taken initiatives of providing investment to medical and life science companies who are at an early stage (Novartis Venture Funds, â€Å"Our Funds†). Venture capital funding to Pharmaceutical Industry in United Kingdom (UK) UK is considered as the second largest venture capital market in Europe. There are three types of venture capital funds being offered in UK. 1) Seed fund – This fund is offered to a novice business investor. 2) Start Up fund – This fund is offered to a company in its nascent stage 3) later stage Fund – This fund is provided to a business company who is in the maturity stage. The pharmaceutical companies in UK invest in Venture capital funds primarily because the returns of the fund are very good and it is one of the most easily available funds in UK. Some of the venture capital companies in UK provide venture capital funds exclusively to the pharmaceutical and health sector of UK. The names of these companies are as follows: 3i This company invests exclusively in the healthcare sector and provides start up funds for novice pharmaceutical companies. Abingworth It is a long established venture capital company which invests in biomedical companies. Advent Venture Partners LLP The company was established in the year 1981; it has managed to invest ?500 million in the year 2011. It invests in Life Science companies. Alta Partners The company has been funding over 130 life science companies of UK since 1996. ARCH Venture Partners The company invests in medical companies which are at an early stage and have the potential to grow into successful enterprises. The company invests primarily in companies co-founded with leading scientists and entrepreneurs, concentrating on bringing innovations in life sciences, physical sciences, and information technology. Atlas Venture Ltd Atlas Venture invests in those life science companies which are in their early stages of growth. Burrill & Co mpany This is a merchant bank in UK focusing exclusively in companies dealing with biotechnology, pharmaceuticals, diagnostics, devices, human healthcare and related medical technologies, nutraceuticals and wellness, agricultural biotechnology, and industrial biotechnology. The company

Texas Government Essay Example | Topics and Well Written Essays - 1250 words

Texas Government - Essay Example (Texas Politics) There are striking similarities in these two constitutions. Both are founded on the cardinal principles of justice and equality towards all human beings irrespective of race and culture. They are identical in the framework of democratic rule of law based on division of powers between the legislature, the executive and the judiciary whilst exercising care to maintain balance of power amongst the three branches, viz. legislature, executive and judiciary, and protect the constitution from misuse or abuse of power by any individual. The background of the Texas constitution coming in the wake of its independence from Spanish rule coincides with the background of the U.S. constitution which came into being after the United States attained its independence from British rule. (Constitution of the United States) The differences lie in the areas of religion, policies on slavery, and the manner of drafting the constitution. Roman Catholicism was adopted as state religion in the Texas constitution. The United States constitution is silent on any such preference on religion although its articles and emblems principally endorse a faith in God based on reason and research. The Texas constitution consistently disapproved of slavery from its inception. The U.S. constitution dithered on the issue. The Texas constitution was drafted in a hurry and depended on U.S. constitution as source. The U.S. constitution was drafted in a pain-staking manner and required good amount of time and deliberations by the nation's founding fathers and legal experts. (Texas Politics) Texas PAC Every country, irrespective of its system of governance, has interest groups for noble causes such as education, human rights and environmental issues. The Associated Conservatives of Texas Political Action Committee (ACTPAC) supports conservative causes and forces in Texas. It is primarily engaged in raising funds for organizations and individuals espousing conservative ideals and activities. Obviously, ACTPAC has a broad agenda of social, economic and political nature. From standing up for tax cuts to waging war on terrorism, ACTPAC has the capability and resource to influence change for the better through interactions with those in power as also the ordinary citizen. Its officials are Jerry J. Mikus (Jr. Chairman), Mike McNamara (Vice Chairman and Secretary), Brian Russell (Treasurer), and Frank Alvarez (Consultant). The ACTPAC is headquartered at Austin, Texas, and by its very nature and form is beholden to the Conservative Party politically. As a political forum, ACTPAC is a multi-purpose body with a wide reach and powerful personalities to draw from. Its functions are modeled and organized to raise funds and gather support on critical issues affecting society as a whole. (Associated Conservatives of Texas PAC) Case heard by the Texas Supreme Court The case no. 03-0647 is a petition for review from the Court of Appeals for the Ninth District of Texas. The petitioner is Evanston Insurance Company and the respondent is ATOFINA Petrochemicals, Inc. Matthew Todd Jones, an employee of Tripe S Industrial Corporation contracted by ATOFINA