Structure of the venture investments market in Russia, institutional and individual investors

Venture investment acts as the main driver of innovation. For society, the institution of venture investment is useful in that it contributes to the development and emergence of new product markets. This leads to an increase in labor productivity, the emergence of new jobs, and, ultimately, to an increase in social welfare. Venture capitalists define a wide range of high-risk investments. This follows from the fact that companies-recipients of such investments go through a long process - from the formation of a project to expansion and growth into a large enterprise. Of interest is the study of the balance in the distribution of total investment. The focus was on seed investments. In addition, this paper examines the regional preferences of investors in Russia. The study revealed that in Russia there is a high level of activity of individual investors and a low level of total capitalization of seed funds. Based on this, an assumption was made about the insufficient development of venture investment institutions. This is complemented by a significant shift in the regional distribution of institutional venture capital.