ВЕНЧУРНЕ ІНВЕСТУВАННЯ В СУЧАСНИХ УМОВАХ РОЗВИТКУ СВІТОВОЇ ЕКОНОМІКИ

Abstract

The article examines the formation of domestic venture financing, the features of its modern production and further development prospects in the context of restructuring the national economy on an innovative basis. This is largely due to the underdevelopment of the Ukrainian securities market and the inability of venture funds to attract funds from the population or interest foreign investors in future projects. Venture capital investment is still poorly developed in the former Soviet Union. Many companies are not aware of the opportunities that open up for venture investors, so most promising projects are financed by Western investors. Venture capital investments have been operating in the United States and Europe since the 50s of the last century. Accordingly, there is a lot of positive experience in implementing programs in this area. More positive experience means more people who want to participate in this sector of the stock market. In the post-industrial economy, venture capital investments are beginning to play a leading role, ensuring rapid growth of innovative projects. Today, the economy is being» pushed « not by steelmaking plants or mines, but by scientific developments and high-tech solutions, especially in the informa- tion sphere. In other words, the economy needs innovation. The latter, in turn, require investment, without which projects cannot be implemented. It is impossible to effectively finance such projects from the budget, and the stock market is also useless, since you have to invest money in non-existent production facilities. The situation is similar with lending – developing innovative companies often do not have collateral, without which it will not be possible to get a bank loan on adequate terms. In such circumstances, only venture capital investment can help. And it’s nice to see that investors see the prospects for such investments and are increasingly willing to invest in new ideas and solutions. The risk is compensated by the fact that the profit from one successful investment can cover the losses from many unsuccessful investments. Therefore, the legal and organizational components of the process of ensuring and implementing domestic venture financing require further refinement.