Venture investment of scientific, technical and organizational renewal of economic systems: economic and legal aspects

Khrapov A.V.1
1 Институт социальных наук (международных отношений, управления и права)

Journal paper

Economics and society: contemporary models of development (РИНЦ)
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Volume 7, Number 2 (April-June 2017)

Citation:

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=30565649

Abstract:
Purpose: of the article is to consider the economic and legal aspects of venture investment in scientific, technical and organizational renewal of economic systems. Materials and methods: the research uses methods of qualitative analysis of profile regulatory legal documents and statistical data; factor, situational and comparative approaches to empirical material on the topic, as well as the possibility of expert assessment of emerging economic trends. results: in the article the concept of venture investment was considered, the characteristic of legal regulation of venture investment was given. The analysis of the state of venture business in Russia is carried out, the statistics of the main investment sectors are given. Also, problems of development and effective functioning were considered and described, and measures for their elimination were suggested. Prospects of venture business in Russia were outlined. conclusions: the market of venture investments in Russia requires new steps that will enable it to step up in the conditions of modernization and renewal of the domestic economy, where the principle, such as innovation, is put in the forefront. The main reason that impedes the development of venture capital investment in Russia is the lack of appropriate economic and legal tools for the development of venture investment activities that would create favorable conditions for the operation of venture capital in the innovation sphere. To change the situation in the sphere of venture financing of innovative developments, it is necessary to implement a number of measures at the state level. First of all, efforts should be directed to more effective use of available mechanisms of direct and indirect state support of venture business.

Keywords: venture investment, venture business, venture capital funds, startups, regulation of venture activities, problems and prospects of venture investment

References:

1. The Civil Code of the Russian Federation (Civil Code) of November 30, 1994 No. 51-FZ (as amended on July 29, 2017 No. 259-FZ)
2. The Federal Law «On Investment Activities in the Russian Federation in the Form of Capital Investments» dated 25.02.1999 No. 39-FZ (as amended on July 26, 2017 No. 205-FZ)
3. The Federal Law «On the Securities Market» of April 22, 1996, No. 39-FZ (as amended on July 18, 2017)
4. The Federal Law «On Investment Funds» No. 156-FZ of November 29, 2001 (as amended on May 1, 2017 No. 84-FZ)
5. The Federal Law «On Investment Partnership» No. 335-FZ of 28.11.2011 (as amended by Federal Law No. 220-FZ of July 21, 2014)
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