Sources of Financing and Innovative and Investment Activity of Small Enterprises
Yury A. Doroshenko, Irina V. Somina, Sergey Alexandrovich Komissarov, Russian Federation
Abstract
Yury A. Doroshenko, Irina V. Somina, Sergey Alexandrovich Komissarov, Russian Federation
Abstract
The necessity of using of innovative sources for investment supply by small enterprises in the course of their business activities is substantiated, classic and innovative sources of financing of innovation and investment activity of small entrepreneurship are differentiated. Directions of overcoming the limitation of investment financing are described; these are - use of venture assets in different forms and organization of their support by the government and the interested non- governmental bodies. The possibility of venture sources of investment financing use is shown- these are mezzanine financing, crowd funding and syndicate financing. It is substantiated that financing of project investment at small entrepreneurship has cross- point and complex characteristics that enables to overcome restrictions of small entrepreneurship on assets which it can always have.
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The necessity of using of innovative sources for investment supply by small enterprises in the course of their business activities is substantiated, classic and innovative sources of financing of innovation and investment activity of small entrepreneurship are differentiated. Directions of overcoming the limitation of investment financing are described; these are - use of venture assets in different forms and organization of their support by the government and the interested non- governmental bodies. The possibility of venture sources of investment financing use is shown- these are mezzanine financing, crowd funding and syndicate financing. It is substantiated that financing of project investment at small entrepreneurship has cross- point and complex characteristics that enables to overcome restrictions of small entrepreneurship on assets which it can always have.
Key concepts: Syndicate, Finance, Investment (military), Entrepreneurship, Venture capital, Business, Internal financing, Government (linguistics)