scholarly journals VENTURE CAPITAL FUNDING AS A FACTOR OF THE INNOVATIVE DEVELOPMENT

THE BULLETIN ◽  
2021 ◽  
Vol 2 (390) ◽  
pp. 169-176
Author(s):  
Ye. N. Nesipbekov ◽  
G. N. Appakova ◽  
Zh. S. Karabayeva

The paper justifies the necessity to improve the mechanisms of venture capital funding in Kazakhstan for sustainable and effective development of the country. The role of venture capital funding in the innovative development of the countries is investigated on the base of study of the experience of such countries as USA, Canada, Europe, India, and China. The recent research works related to the venture capital funding in different aspects are reviewed. The innovative activity and venture investments in the Republic of Kazakhstan were analyzed. The paper investigates the features of venture capital funding in Kazakhstan. The investigation results show that Kazakhstan system of venture investment is at its initial stage of development, and there are no tangible results of venture field development yet. The conducted research allowed revealing the factors limiting the development of venture investment in Kazakhstan, these are: poor systematic monitoring of funds efficiency invested by the national institutes; lack of effective strategies of venture capital funding; low innovative activity and intensity of venture appearance; uncertainty and gaps in the legislative base related to venture financing; absence of tax concessions and preferences not tied to FEZ or technological parks; absence of strong institutional venture investors; low capacity of securities market and scarcity of its instruments. The work suggests a set of measures directed on activation of venture financing. The implementation of the suggested measures assumes the increased control over the effectiveness of quasi-public structures investments and venture incomes, and creation of conditions for venture capital funding development. The research results can be a cut-off point for further investigations in the field of venture capital funding related to the innovative development of the country.

Author(s):  
Anatoliy Turylo ◽  
◽  
Anatoliy Turylo ◽  
Rita Korolenko ◽  
◽  
...  

The article considers the problem of evaluation of innovations in the process of enterprise development and formation of its strategy. The role and place of innovations in the global system of effective development of the enterprise and ensuring competitiveness and growth of its market value are shown. The basic positions concerning systematization in approaches to an estimation of innovations in the course of activity of the enterprise are generalized. It is proposed, as an element of the general study of innovative development of the enterprise, to consider and evaluate it from the standpoint of subjectivity and objectivity. The specificity of the study is to distinguish in the management system of innovative development of the enterprise object and subject of management and focus on them. It is proposed to study the innovative activity of the enterprise in the coordinates "subject - object of innovation". Methodological approaches to the assessment of innovative activity of the enterprise are presented. The author's interpretation of the concept of "subjective innovation" is given and its connection and difference with such concepts as "human resource" and "human capital" are shown. Subjective innovation, as an important component of human capital, in its content and importance in the system of competitive development of the enterprise is a key factor of innovation potential and the basis for the formation and implementation of its financial and economic development strategy. A general method of evaluating the concept of "subjective innovation" in the process of enterprise development is proposed. Based on the content of the concept of "subjective innovation", the objective complexity of its exact calculation (at the present stage of development of science) and the possibility of certain tolerances in such calculations in the work it is recommended to evaluate this concept by an expert method. It is determined that the proposed assessment will generally improve and deepen the process of managing the innovative development of the enterprise.


Author(s):  
Joern Hendrich Block ◽  
Geertjan de Vries ◽  
Philipp G. Sandner ◽  
Jan H. Schumann

Author(s):  
Sarit Markovich ◽  
Oded Golan ◽  
Charlotte Snyder

In March 2017, Oded Golan sat in his technology startup's conference room with his co-founder, pondering the fate of their company, Start A Fire. In just four years, the two entrepreneurs had taken an idea that started in Golan's apartment in Tel Aviv and turned it into a company that had raised $3.5 million in venture capital funding and served more than 3,000 of the world's biggest brands using an innovative content distribution and social media management platform that enabled brands to improve communication and engagement with their followers


Author(s):  
Viktoriia Zhmudenko ◽  
◽  
Mykola Diachenko ◽  

The article analyzes the current state of production activities of the agricultural sector of Cherkasy region economy, its organizational and legal structures and identifies strategic directions for its development. It is proved that the priority solution of urgent problems, such as: redistribution of land and property; restructuring of enterprises and forms of management; development of cooperation; introduction of market management methods - management and marketing; state regulation of the agricultural economy, financial, credit and tax systems; development of markets for agricultural products, material and technical resources and services; intensification and diversification of foreign economic activity will contribute to the development of the agro-industrial sphere of Cherkasy region. It is determined that the years 2021-2027 should be considered the strategic period, during which the provision of the country's population with food at the level of scientifically sound standards, growth of export potential and reduction of imports should be achieved. The necessity of introduction of innovative activity and process of innovations introduction in the production activity of the agricultural enterprises which are a basis of economic growth is proved. Obstacles to the innovative development of the regional agricultural sector are analyzed. The priority directions of innovative development of agro-industrial enterprises are indicated. The need to develop an innovative policy of agricultural enterprises in order to increase the efficiency of their operation is determined. It is noted that the priority of the agro-industrial sector development of Cherkasy region and its leading industries will provide the population with food products, industry with raw materials, and foreign trade with the export goods. It is established that innovative activity in agricultural enterprises is a decisive factor in the effective development and increase of agricultural production, significant changes in its structure, reassessment of the motivation system that meet the current principles of the Cherkasy Region Development Strategy for 2021-2027, which determines key vectors of the region in the long-term.


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