Many empirical studies have shown that transition countries urgently need entrepreneurship and strong SMEs to successfully close the process of restructuring to market economy. Unfortunately, both the supply and demand sides of the market for equity capital pose serious questions about how far this source of capital, either through venture capital funds or the »business angels« type of finance, can provide workable solution to the imminent gap in SME finances and whether the government should support it by offering preferential treatment to investors. Recognizing and assessing equity of small scale enterprises, SMEs in particular, the need to identify drivers and inhibitors of utilization of such private equity and testing it through combination of qualitative and quantitative survey data. Ideally, intention to finance with private equity explains variations in actual private equity utilization. Attitude, social norm and perceived behaviour control determine intention. SME should be pa...