Application of new methods and tools for financing innovation in Russian management practice

Vladimirova O.N.¹, Dudin G.V.², Kokorev P.I.³
¹ Российский экономический университет имени Г. В. Плеханова, Russia
² Московский университет имени А.С. Грибоедова
³ Московский финансово-промышленный университет «Синергия», Russia

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Journal paper

Journal of Economics, Entrepreneurship and Law ^{(РИНЦ, ВАК)}
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Volume 14, Number 1 (January 2024)

Citation:

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=60003958

Abstract:
Modern transformation processes determine the need for the development of both the economic mechanism as a whole and all its elements. The crowdeconomy has led to new opportunities for attracting resources based on platform technology. The application of new types and approaches to the organization of financing is of particular relevance for application in the innovative field. The article considers the possibility of using crowdfunding, crowdlending, and crowdinvesting tools as alternative instruments for financing innovation in Russian practice. A comparison of their content, participants and areas of application reflects the availability of applications both in the field of investment and in the debt market. The dynamic characterization of the processes of creating different types of investment platforms confirms the formation of new financial mechanisms in the domestic market. The data of the Russian financial market regulator, the Central Bank of Russia, were analyzed. The analysis of quantitative and qualitative indicators and the prevailing trends in the crowdfunding market allowed to identify legal, technical and other problems and a number of areas for improving and developing the regulatory framework.

Keywords: innovation, financing, crowdfunding, crowdinvesting, crowdlending, investment platform

JEL-classification: O31, O32, O33, G20, G29

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