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1 | One of the forms of investing the risk projects – venture financing – is considered in the article. Its influence on the country-recipient’s economy and advantages of the others forms of financing are defined. The problems of attracting venture capital among developing countries and, in particularly, in Russia are analyzed. According to the successful experience of the developed countries the recommendations of effective stimulating and using venture capital are developed. The system of venture business developing for developing countries is presented. Keywords: venture capital, developing countries, innovative development, small entrepreneurship, government support | 917 |