Venture financing as a source of development of innovative activity of enterprises

One of the key conditions for ensuring sustainable development of the national economy of the Russian Federation is increasing the competitiveness of domestic enterprises. An obstacle to this is the low quality of products, the backwardness of production, the unwillingness of investors to invest in innovative projects. Meanwhile, developed Western countries have developed an effective system for financing innovative companies (startups) through venture financing. Venture capital is usually invested in relatively small companies operating in knowledge-intensive industries. This area is associated with increased risk, but it brings the highest profitability and contributes to the general development of high technologies in the state, which determines the wide development and support of venture funds in foreign countries. In Russia, venture financing is just beginning to develop, which determines the relevance of its research within the framework of this article.