The Problems and Prospects of Development of the Venture Business in Ukraine
Journal Title: Центральноукраїнський науковий вісник. Економічні науки. - Year 2018, Vol 33, Issue
Abstract
The purpose of this research is evaluation of the level of venture business's development in Ukraine and also determination of the main factors of restraining and stimulating, which affect on the venture business. The current level of country's development depends on the level of development of the innovative activities, therefore the using of innovations is the main factor of the enterprise's success, which also affects to the level of country's development in general. To date, in Ukraine, the development of venture financing of the innovative enterprises is at the initial stage, because the venture funds do not correspond to the world realities, namely, they have the worst investment opportunities in the direction of direct and venture financing. However, Ukraine continues to occupy the status of a country in which the industries of raw materials occupy a significant part, and virtually there are not conditions for the effective implementation of innovative activities due to the various kinds of obstacles (financial, political, legal) which appear on the way to the realization of the innovative model of development in the country. The instrument of the implementation of such model is a creation of an effective national innovative system.Under the conditions of reforming Ukraine's economy and its orientation towards to the joining the European community it makes the search for the new sources of funding for the modernization of the productive sectors of the country’s economy, particularly for the investment of the innovative activities. Venture capital is one of the sources for such a rapid transition. Venture capital is an important source of financing for the start-up (newly created) companies or companies, which are in difficult conditions (on the verge of bankruptcy or a descending stage of development), this is the so-called "risk" capital. The possibility of using new financial instruments for promotion of innovative activities in Ukraine will partially solve the problem primarily small and medium businesses. The leading role in investing research and development is gradually moving from the public to the private sector. Creation and development of new technologies with simultaneous maximization of profits with high degree of risk needs to work with active, experienced, strategically oriented institutional investors. Venture capitalists specialize in analyzing, selecting and managing technological innovation projects, agree to go to justified risk in order to generate income. Further research in this area will cover the creation of favourable conditions for the development in Ukraine of high risk investments, the development of special system of state incentives for the creation of venture funds and companies.
Authors and Affiliations
Tetiana Ryabovolik, Viktor Stratan
Keywords
Related Articles
- EP ID EP479219
- DOI 10.32515/2413-340X.2018.33.43-50
- Views 82
- Downloads 0
Методика шкалювання результатів автоматизованого тестування респондентів соціодинамічних систем
У статті розглянуто питання шкалювання первинних оцінок результатів автоматизованого тестування респондентів соціодинамічних систем щодо лінійних шкал з фіксованим числом діапазонів, а також показано застосування методик...
The Duty for a Parking of Vehicles in the System of Local Taxes and Duties of Ukraine
The purpose of this study is to determine the efficacy of such local taxes as a duty for the parking of vehicles Ukraine, the distinguishing of the main drawbacks of the modern system of local taxation of Ukraine and ana...
Mechanisms of formation modern organizational and economic forms managing of trade enterprises
The article examines the current organizational and economic forms managing of trade enterprises in accordance with the existing legal framework. The comparative characteristics of organizational and economic forms manag...
The analytical framework regulating the efficiency of the public health system
The purpose of this publication is the comprehensive study of the peculiarities of the analytical framework to determine the level of efficiency of functioning of the state of health care in regional and national scale....
Socio-Economic Preconditions of Personnel Provision of Integrated Structures in the Agroindustrial Complex: Status and Prospects of Development in the International Context
The paper is defined the necessity of forming integrated structures for improving the competitiveness of agroindustrial complex as the main component of sustainable development of economy and its national security at cur...