Bìznes Inform (Apr 2020)
Global Trends in Venture Capital Development and Their Impact on the Investment of High-Tech Projects
Abstract
The article covers the essence, features and impact of venture investments on the innovative development of the economy with solution of the problems of financing the knowledge-intensive productions in the conditions of limited resources of the State. It is defined that venture capital has a positive impact on the development of the stock market, stimulating production structures to implement the latest technologies, as well as on stopping the drain of highly qualified professionals from the country. The experience of foreign countries in the use of venture capital is analyzed. The relevant statistics are provided that can be used to analyze the activity of venture capital investments world-wide, as well as the most common directions of their application. The main problems and trends of venture investment in Ukraine, factors that either positively influence or limit the development of venture business in the country are identified. Taking into account the fact that the use of venture forms of financing helps to achieve the fastest possible development of high-tech sectors of the economy, it is noted that one of the directions of creation of knowledge-intensive productions, which can become hotbeds of growth of the post-industrial economy, can be considered the defense-industrial complex (DIC), which includes almost all high-tech spheres and enterprises. As an example for Ukraine, with emphasis on the innovativeness of development of the defense industry, which subsequently fundamentally influences the development of technological opportunities of civil industries, scientific research and development, higher education system, quality of labor force, can be mentioned Israel, where the State has taken on the main function of supporting venture business and creating favorable conditions for attracting venture investments. Promising areas of effective use of venture capital have been defined. Recommendations are made on the need to increase the volume of venture capital investments in high-tech projects with a focus on the defense-industrial complex.
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