Russian Federation
The article reflects the main problems of venture financing and investment in modern conditions in Russia and in foreign practice. The advantages and disadvantages of venture financing are highlighted and the trends of recent years are evaluated. A SWOT analysis was performed. The application of instruments to support the venture financing market in Russia in comparison with international practices is analyzed. The directions of improving venture financing in order to develop the activities of companies are proposed.
venture financing, venture investments, high-risk business, financing tools, innovative development
1. Analiticheskiy obzor «Venchurnaya Evraziya — 2023» // BIplatforma Dsight. — URL: https://b1.ru/local/assets/ surveys/b1dsightventureeurasiaresearch2023results.pdf (data obrascheniya: 23.09.2024).
2. Analiticheskiy obzor «Rynok venchurnyh investiciy Rossii — 2022» // Sayt Agentstva innovaciy Moskvy. URL: https://portal.inno.msk.ru/uploads/agency sites/ analytics/research/Venture+report_Moscow_AIM_2022.pdf (data obrascheniya: 23.10.2024).
3. Analiticheskiy obzor «Rynok venchurnyh investiciy Rossii — 2023» // Sayt Agentstva innovaciy Moskvy. URL: https://portal.inno.msk.ru/uploads/agency sites/ analytics/research/Venture_report_Russia_2023.pdf (data obrascheniya: 23.10.2024).
4. Antonyuk A.A. Venchurnoe finansirovanie biznesa kak faktor rosta konkurentosposobnosti rossiyskoy ekonomiki [Tekst] / A.A. Antonyuk // Vestnik evraziyskoy nauki. — 2023. — T. 15. — № S3.
5. Ahmadeev A.M. Venchurnoe finansirovanie i vnedrenie finansovyh tehnologiy i innovaciy na mirovom finansovom rynke [Tekst] / A.M. Ahmadeev // Aktual'nye voprosy sovremennoy ekonomiki. — 2021. — № 12. S. 1403.
6. Gureev P.M. Venchurnoe predprinimatel'stvo [Tekst]:uchebnik / P.M. Gureev, V.N. Grishin, I.S. Prohorova. M.: Rusayns, 2024. — S. 221.
7. Issledovanie venchurnogo indeksa 2023 goda: Cikl issledovaniy rossiyskoy venchurnoy industrii // Sayt Baza.vk. — URL: https://baza.vc/blog/tpost/5mye64ild1venchurniiindeks2023 (data obrascheniya: 23.09.2024).
8. Itogi global'nogo venchurnogo rynka 2023 // Sayt Media.rbcdn.ru. — URL: https://media.rbcdn.ru/media/reports/
9. Kardanova A.Z. Venchurnoe finansirovanie kak instrument razvitiya innovacionnoy deyatel'nosti v Rossii [Tekst] / A.Z. Kardanova, E.M. Grigor'eva // Innovacionnaya ekonomika. — 2022. — № 4. — S. 43.
10. Obzor rossiyskogo rynka venchurnyh investiciy // Sayt Rossiyskoy associacii venchurnogo investirovaniya. URL: http://www.rvca.ru/upload/files/lib/RVCAyearbook2020RussianPEandVCmarketreviewru.pdf (data obrascheniya: 23.09.2024).
11. Postanovlenie Pravitel'stva Rossii ot 22.12.2020 № 2204 (red. ot 15.06.2023) «O nekotoryh voprosah realizacii gosudarstvennoy podderzhki innovacionnoy deyatel'nosti, v tom chisle putem venchurnogo i (ili) pryamogo finansirovaniya innovacionnyh proektov, i priznanii utrativshimi silu akta Pravitel'stva Rossiyskoy Federacii i otdel'nogo polozheniya akta Pravitel'stva Rossiyskoy Federacii» [Elektronnyy resurs] // Oficial'nyy sayt Pravitel'stva Rossii. URL: http://government.ru/docs/all/131850 (data obrascheniya: 23.09.2024).
12. Rynok venchurnyh investiciy Rossii — 2023 // Sayt Moskovskogo innovacionnogo klastera. — URL: https://i. moscow/news/single/2fc29d68850347d0a25c1e02c1654cb8 (data obrascheniya: 23.10.2024).
13. Sidorova N.G. Osnovnye ponyatiya i terminy venchurnogo investirovaniya [Tekst]: uchebnometodicheskoe posobie / N.G. Sidorova, D.E. Sidorov. — Vladivostok: Izdvo Dal'nevostochyu federal'nogo unta, 2022. — S. 11.
14. Udal'cova N.L. Venchurnoe finansirovanie i kak nayti den'gi v startap [Tekst] / N.L. Udal'cova, S.A. Pylev // Kreativnaya ekonomika. — 2023. — T. 17. — № 10. S. 3811.
15. Federal'nyy zakon ot 23.08.1996 № 127FZ (red. ot 08.08.2024) «O nauke i gosudarstvennoy nauchnotehnicheskoy politike» [Elektronnyy resurs] // Oficial'nyy internetportal pravovoy informacii. — URL: http:// pravo.gov.ru/proxy/ips/?docbody=&nd=102043112 (data obrascheniya: 23.09.2024).
16. Tamaseb A. Super Founders: What Data Reveals About BillionDollar Startups. New York: PublicAffairs. 2021. 320 p.
17. Venture Wrapped 2023 // Flowpartners.io. URL: https://flowpartners.io/insights/reportventurewrapped2023 (data obrascheniya: 23.10.2024).