Principle of work of the fund for assisting the development of small forms of enterprises in the scientific and technical sphere to support small innovative enterprises

This article will examine in more detail the principle of the Fund for the Promotion of the Development of Small Forms of Enterprises in the Scientific and Technical Sphere with Small Innovative Enterprises using the example of an electronics company. Grant financing is an important source of start-up funds for small innovative enterprises at the very early stages of their development. It is an intermediate source of financing between own funds and funds of business angels or seed venture funds. In this regard, it is necessary to highlight the importance of such an institution as a grant. Effective work gives projects a chance to go to the next stages of financing and accordingly develop further. When considering the work of the Fund for the Promotion of the Development of Small Businesses in the Scientific and Technical Sphere, it was possible to highlight some of the shortcomings associated with the submission and examination of a grant application, but in general it can be said that the Fund copes with its task of “innovative elevator”.