VENTURE

(BUSINESS) [noun] [C] - a plan of action, usually in business, which involves risk or uncertaintyShe advised us to look abroad for more lucrative business ventures.He thought the venture far too risky and didn't want to become involved.There are many joint ventures between American and Japanese companies.The company's overseas turnover is expanding with joint ventures being launched in the Far East.Venture capital is money that is invested or is available for investment in a new company, esp. a risky one.They'll need to raise £1 million in venture capital if they're to get the business off the ground.Increasing competition in local markets is forcing venture capitalists to look farther afield for companies to back.Simon is a manager of a venture capital company/firm/group/fund.