THE ROLE AND PLACE OF VENTURE BUSINESS IN INNOVATION DEVELOPMENT OF RUSSIA

Abstract

The article deals with the innovation economy development on the basis of setting-up venture enterprises, which provide an opportunity to introduce new technologies, inventions and discoveries. Venture entrepreneurship acts in different forms and embraces a great number of economic relations. The authors provide the classification of organizational forms of venture enterprises, their characteristics and show advantages of each of these forms. Venture financing is based on raising funds of big business, small enterprises, insurance funds, banks, pension funds, private or public companies, private entrepreneurs with participation of municipal and federal organizations. The article explains how the finance support of innovations depends on organizational form of venture entrepreneurship.

Keywords

• investment project
• venture entrepreneurial activity
• joint ventures
• internal venture
• external venture
• venture financing
• organizational forms of venture entrepreneurship