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Specialized Venture Capital Funds as a Tool for Supporting Investment in Advanced Technologies

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  • О. Ð . Eremchenko

Abstract

An overview of the most common and proven in world practice types of budgetary support for the venture industry, including the creation of venture capital funds, is carried out. The Russian experience of state support for the venture capital sector is analyzed, and a positive assessment of the work of closed-end mutual investment funds created by RVC in 2007–2009 is given. The principles for the formation of mechanisms for increasing the venture activity of state institutions, particularly state programs for creating venture capital funds, have been formulated. It is shown that the funds of specialized venture funds can become a decisive factor in supporting startups at the expense of budgetary funds and lead to the organization of additional high-tech jobs, equal spatial economic development of the country, and the achievement of other social goals.

Suggested Citation

  • О. Ð . Eremchenko, 2021. "Specialized Venture Capital Funds as a Tool for Supporting Investment in Advanced Technologies," Economics of Science, Delo Publishing house, vol. 7(3).
    • Handle: RePEc:abz:journl:y:2021:id:330
    DOI: 10.22394/2410-132X-2021-7-3-217-226
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    References listed on IDEAS

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    1. Massimo Colombo & Douglas Cumming & Silvio Vismara, 2016. "Governmental venture capital for innovative young firms," The Journal of Technology Transfer, Springer, vol. 41(1), pages 10-24, February.
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