bgscience@idbg.ru
+7 495 648 62 41 Russia, 127015, Moscow, Novodmitrovskaya st. 5A (b. 7)
Menu
  • BIBLIO-GLOBUS
    • About
  • Journals
    • Russian Journal of Entrepreneurship
    • Creative Economy
    • Scholarly Communication Review
    • Russian Journal of Retail Management
    • Leadership and Management
    • Public-Private Partnership
    • Global Markets and Financial Engineering
    • Russian Journal of Housing Research
    • Food Policy and Security
    • Russian Journal of Labor Economics
    • Russian Journal of Innovation Economics
    • Journal of Economics, Entrepreneurship and Law
    • Russian Journal of Humanistic Psychology
  • BIBLIO-GLOBUS fiction

Switch to Russian:to Russian

Sources of financing for small innovative companies (startups)


Vartanova L.A.
(about the author)

Vartanova Lyudmila Aleksandrovna – (The Russian Presidential Academy of National Economy and Public Administration)

Published in:
Global Markets and Financial Engineering (Russian version)
– Volume 4, Number 2 (April-June 2017)

JEL classification: D25, L26, O16

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


Citation:
Vartanova L.A. (2017). Sources of financing for small innovative companies (startups). Global Markets and Financial Engineering (Russian version), 4(2), 83-96. doi: 10.18334/grfi.4.2.38036


Share:

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.








References:
(2010). Venchurnye investitsii. Rukovodstvo dlya predprinimatelya [Venture investments. Guide for entrepreneurs] Moscow: ALT Invest - Rukovodstvo. (in Russian).
Karpenko O.A. (2014). Istochniki finansirovaniya innovatsionnoy deyatelnosti predpriyatiya [Sources of financing innovative activity of the enterprise]. Creative economy. (7(91)). 40-47. (in Russian).
Kuznetsova E.A. (2012). Formy riskovannogo finansirovaniya malyh innovatsionnyh predpriyatiy [Forms of risky financing of small innovative enterprises]. Creative economy. (7). 39-45. (in Russian).
Yagudin S.Yu. (2008). Venchurnoe predprinimatelstvo. Franchaĭzing [Venture entrepreneurship. Franchising] M.: Izd. tsentr EAOI. (in Russian).
Zaytsev A.V. (2011). Venchurnoe finansirovanie innovatsionnyh proektov vysokotekhnologichnyh predpriyatiy [Venture financing of innovation projects of high-tech enterprises]. Russian Entrepreneurship. (5-1(183)). 30-34. (in Russian).
Морозова К. Как различается финансирование стартапов в России и на ЗападеИнтернет-издание о стартапах «ToWave»,. (in Russian).
Официальный сайт АО «Федеральная корпорация по развитию малого и среднего предпринимательства» (Корпорация МСП). (in Russian). Retrieved from http://corpmsp.ru/
Официальный сайт компании Constart. Retrieved from http://constart.ru/
Официальный сайт компании IPOboard. Retrieved from http://www.ipoboard.ru/
Официальный сайт компании SIMEX. Retrieved from https://simex.global/ru
Официальный сайт компании StartTrack. Retrieved from https://starttrack.ru/

Tel : +7 495 649 6241

Fax : +7 800 3331538

E-mail : bgscience@idbg.ru

Address : RUSSIA, 101000, Moscow, Myasnitskaya st. 13-2

BIBLIO-GLOBUS Science

BIBLIO-GLOBUS Science - one of the leading science publishers in Russia.

Read More
Other sites
  • BIBLIO-GLOBUS fiction
  • BIBLIO-GLOBUS bookstore
  • National Science Publishing Association (NATSPA)
© 2016 BIBLIO-GLOBUS Science (BIBLIO-GLOBUS Publishing House). All Rights Reserved