Venture investment market in Russia: development prospects and problems

The study reveals the significance of venture business as a key factor influencing the economic development of Russia. In the context of current economic crisis, venture funds are an important institution bringing finance to startup innovation-based intensive companies. The dynamics of domestic venture investments is analyzed. The development problems and prospects of Russian venture capital market are considered. The measures contributing to the improvement of the business venture are proposed. It is concluded that venture investment market support in Russia is the focal point of the state innovation policy and an indispensable factor in innovative intensification and improving the competitiveness of the domestic industry. Russia will be able to achieve its innovative potential, reduce the technology gap, transit to the innovative economy if professional business industry and state work together to build a national venture investment system.