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Abstract

The goal of this paper is to study the investors� own human capital and how
 it effects its contribution to the success of innovation projects implementation
 in Russia. It is already proven and recognized by foreign researchers
 that for the first-time entrepreneurs such factors, as the investor�s knowledge,
 skills, experience and business connections year by year are becoming
 more and more significant, than the amount of potential project funding.
 Based on the review and analysis of recently published foreign studies on
 investors� own human capital, the author puts forward a number of hypotheses
 and explores the Russian market accordingly. As a result the author
 compares the role of investors who manage projects in the developed (US
 and European) markets with that of investors managing projects in the
 emerging (Russian) market.