PROBLEMS OF VENTURE FINANCING IN DEVELOPING COUNTRIES
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
References:
1. Shkuratov S. E. Financing of small innovative enterprises: specifi cs and perspectives of the development. Money and Credit, 2006, no. 10, pp. 66–72 (in Russian).
2. Varlacheva T. B., Davletgareev N. R. The development of innovation-based venture capital. Tomsk State Pedagogical University Bulletin, 2011, no. 12, pp. 133–138 (in Russian).
3. Ammosov Y. P. Venture Capitalism: from the Sources to the Present. St.-Petersburg, 2005. P. 409. (in Russian).
4. Investment at the stage of «Start up». Offi cial site of the company «Trust investment group», 2012. URL: http://www.e-trustgroup.ru (in Russian).
5. Sizov V. V. Innovational economic policy: problems of forming. Tomsk State Pedagogical University Bulletin, 2007, no. 9, pp. 68–72 (in Russian).
6. Levchenko L. V., Yafyasov R. R. The types of venture investment in the modern conditions of world economy. World Economy and International Relations, 2011, no. 4 (77), pp. 47–60 (in Russian).
7. Aleksandrin Y. N. Foreign experience of the venture fi nancing development. Society: Politics, Economics and Law, 2002, no. 2, pp. 13–22 (in Russian).
8. Lirmyan L. A. World experience of using the venture fi nancing innovative processes mechanism. Economic Sciences, 2007, no. 8 (33), pp. 135–151 (in Russian).
9. Venture capital and direct investment in the innovative economy. Offi cial site of the Russian association of venture fi nancing (RAVF). 2011. URL: http://www.rvca.ru (in Russian).
( 512.61 kB ) 
( 494.9 kB )
Issue: 12, 2013
Series of issue: Issue 12
Rubric: PROBLEMS OF INNOVATION ECONOMY
Pages: 68 — 71
Downloads: 703