VENTURE ENTREPRENEURSHIP AND VENTURE INVESTMENT: THE ISSUES OF REGIONAL PRESENCE

Abstract

Venture entrepreneurship is a special form of entrepreneurship where the result of this activity is specific
products – innovations. Governmental support of venture entrepreneurship at the regional level is stipulated
by the necessity to even the industrial deformations. The most acute problem of availability of venture
capital investments is in remote and depressed regions. The presence of scientific public demand for research
in the field of venture entrepreneurship and venture financing is stipulated by the following circumstances: in
the scientific and practical literature a considerable material that needs to be generalized has been accumulated,
which involves the study of content and institutional aspects, as well as identifying trends in the development
of economic relations of venture entrepreneurship in the reproduction process; the treatment of venture
entrepreneurship, considered in scientific works in diverse guises, requires clarification: as economic relations,
institutions, processes, etc.; it is reasonable to identify directions of development of the venture business
functioning in the reproduction process from the standpoint of the structure and content, functioning
mechanism and development trends; the analysis of the factors influencing the distribution of venture capital
investments in the regional context is required in order to develop measures aimed at the elimination of spatial
innovation gaps; it is important to determine the possibilities of venture businesses development by stimulating
venture capital investments. The work of venture funds with the participation of government has
been developing slowly, their activity does not conduce the growth of demand for innovation from the business.
Among the disadvantages there can be highlighted two of them: first, it is an insufficient support for
risky projects, focus on mature companies; secondly, the infrastructure of the financial market is not conducive
to the interaction between science, society and business of all sizes.