Venture financing in Russia: the present state, problems and solutions

Authors

Y. N. Alexandrin
Kuban State University, Russian Federation
A. V. Tyutkalova
Kuban State University, Russian Federation

Abstract

The article represents the analysis of the venture capital market of Russia. The authors conducted the research of the sectoral structure of venture capital and the distribution of investments according to the stages of innovative enterprises development and federal districts. The article gives special attention to the comparative analysis of post-crisis tendencies in venture financing of Russia, the USA and Europe. The authors revealed the main problems of the development of venture financing in Russia and proposed ways of their solution.

Keywords

venture capital investments, trends, industry structure, public-private partnerships, seed stage, early growth stage, venture funds, small innovative businesses

Authors Info

Y. N. Alexandrin

Ph.D. in Economics, Associate Professor of the Department of World Economy and Management at Kuban State University

Email: alex_yun.05@mail.ru

A. V. Tyutkalova

Candidate for Master’s Degree of the 2nd Year, Course of Financial Economy at Kuban State University

Email: diamond_013@mail.ru

References

  1. Александрин Ю.Н. Государственная инновационная политика в сфере малого предпринимательства: критерии и показатели эффективности // Менеджмент и бизнес-администрирование. – 2011. №4. – С.16–27.
  2. Аналитика Dow Jones. Обзор четвертого квартала. URL: http://www.venture-news.ru/dowjones/25732-analitika-dow-jones-obzor-chetvertogo-kvartala.html (дата обращения 05.09.2012).
  3. Аналитика Dow Jones Venture Capital. Обзор индустрии. URL: http://www.venture-news.ru/dowjones/30719-venture-capital-obzor-industrii.html (дата обращения 24.10.2012).
  4. Венчурный капитал за первую четверть 2012 г. – национальные данные. 2012 г. URL: http://www.nvca.org/index.php (дата обращения 07.09.2012).
  5. Венчурный капитал и прямые инвестиции в инновационной экономике. 2011 г. URL: http://www.rvca.ru/rus/resource/library/RVCA-Course-2011 (дата обращения: 08.09.2012).
  6. Обзор рынка. Прямые и венчурные инвестиции в России 2011. URL: http://www.rvca.ru/upload/files/lib/RVCA_year-book_2012_Russian_PE_and_VCmarket_review_2011_rus.pdf (дата обращения 07.09.2012).

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Article Details

Issue

2012 · No. 4 (28)

Section

Investments

Publication History

Published 2012-11-28

How to Cite

[1]
Alexandrin Y.N., Tyutkalova A.V. Venture financing in Russia: the present state, problems and solutions // Economics: Theory and Practice. 2012. No 4 (28). С. 36–42. URL: https://etip.kubsu.ru/article/view/83

License

Copyright (c) 2012 Y. N. Alexandrin, A. V. Tyutkalova

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.