Abstract:

The article is dedicated to the study of the mechanism of venture investment in Russia and abroad. The essence of the mechanism of venture investment and the policy objectives of the venture fund are disclosed. In this study, the methods of systematic approach, comparative analysis, retrospective analysis, analysis of official statistics, and the method of documents’ analysis were used. Foreign and domestic venture capital investment funds were investigated on the basis of the maximum amount of investment in venture start-ups. There were also listed the most well-known international projects that had been successfully implemented thanks to venture capital investments. The high relevance of participation of venture funds in the development of innovation sector of the Russian economy was noted. Venture funds specializing in development of the high-tech sector of the Russian economy are considered. The criteria determining innovative activity of enterprises in the high-tech industry of the Russian economy are disclosed. In order to develop the venture capital market harmoniously in the high-tech sector of the Russian economy, a number of areas have been proposed, including proposals for legal regulation of venture financing for innovation. As a result, it was summed up that the complex of recommended solutions to problems of venture financing includes creation of special regulatory legal acts, improvement of organizational and legal forms, development of the infrastructure of venture financing and creation of guarantee funds.