Sources of financing for small innovative companies (startups)

Vartanova L.A.1
1 Российская академия народного хозяйства и государственной службы при Президенте РФ

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Journal paper

*
Volume 4, Number 2 (April-June 2017)
* Этот журнал не выпускается в Первом экономическом издательстве

Citation:

Vartanova, L. A. (2017). Sources of financing for small innovative companies (startups). , 4(2), 83-96. https://doi.org/10.18334/grfi.4.2.38036

Abstract:
The article is devoted to the financing of small innovative entrepreneurship or startups. One of the most important tasks of the state policy is to achieve sustainable economic development through technological modernization and economic diversification. Startups (innovative companies) are a powerful driver of this development. They react most quickly to the current problems of the population, thereby increasing citizens' quality of life. It is the activity of startups as innovative companies that stimulates the emergence of new industrial production and, in practice, changes the priorities of applied research and development. The main sources of financing startups are an object of the study. Thus, the economic relations arising from the search for these financing sources are a subject of the study. The author describes in detail the technologies of financing such as venture financing, bank lending, crowdfunding, investing via business-angels funds and forms of state support for innovative companies. We analyze advantages and disadvantages of each financing form. The author pays special attention to the current state of financing startups in Russia. We also give examples of successful financing programs at private and state levels.

Keywords: venture fund, grants, business angel, startup, bank financing, joint-stock crowdfunding

JEL-classification: L26, O16, D25

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   Venture financing and how to find money in a startup (Удальцова Н.Л., Пылев С.А.) Creative Economy. Num. 10 / 2023

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Смотрите также:

  Development of entrepreneurship in the regions of the Russian Federation as a basis for creating successful startups (Ерошенко Е.П.) Journal of Economics, Entrepreneurship and Law. Num. 2 / 2019

   IT-startup's economic efficiency (Савина С.А., Чернявская Е.Ю. и др.) Russian Journal of Innovation Economics. Num. 1 / 2020

  Operational efficiency of technology startups and high-tech companies (Трофимова А. Н.) Journal of Economics, Entrepreneurship and Law. Num. 2 / 2025

   Development of an investment strategy for innovative early stage private companies by the example of a fin-tech startup (Шабаршин А.А., Фомин Ф.В.) Num. 1 / 2017

   Studying digital ecosystems by developing the concept of creative industries start-up management (Шаймиева Э.Ш., Гумерова Г.И. и др.) Russian Journal of Innovation Economics. Num. 1 / 2024

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