East India Company Changed the Way to Obtain Challenge Funds

The Dutch East India Company, founded in 1602, invented the “public limited company” system and enabled businesses to address challenges without relying on savings or debts. Instead, they gathered investors who shared a similar vision with the business. Since then, people have utilized this company system to meet their challenges, create new technologies, and bring about a series of diverse innovations. One culmination of this innovation was the Industrial Revolution of the late 18th century.