Сучасний стан та особливості розвитку венчурного інвестування в Україні

Abstract

The article is aimed at studying the current state of venture investment in Ukraine and determining further prospects for its development. Carrying out the analysis and summarizing the scientific selections of numerous scholars, the essence and specifics of venture capital were considered, the factors that have the greatest impact on the development of the venture industry were provided. In the course of the study, the analysis of venture investment indicators in Ukraine was carried out: the number of joint investment institutions; the number of asset management companies; the total value of net assets of joint investment institutions; the number of the most profitable venture funds in Ukraine and their profitability indicators. A number of issues have been identified that need to be addressed first, as they impede the intensification of venture investment in Ukraine. The main focus is on the peculiarities of financing innovations in Ukraine. The directions of venture investment in the Ukrainian economy are distinguished and comparisons with certain features of venture investment in European countries is made. According to the finding, it is proved that venture financing in Ukraine is prone to the implementation of medium- and short-term investment projects. It is found that most venture funds are unable to perform their economic functions, as they are mostly used to optimize asset management of large industrial companies and medium-sized enterprises. On the basis of the identified problems, the directions of activation of venture funds are proposed, the main one being active policy on the part of the State, directed towards strengthening the position of venture funds.