title: Corporate venture financing of innovative projects
metadata.name: dc.contributor.author
metadata.value: Motovilov, Oleg V.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2017-01-30T09:17:32Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2017-01-30T09:17:32Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2016-12
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Motovilov O. V. Corporate venture financing of innovative projects. St Petersburg University Journal of Economic Studies, 2016, issue 4, pp. 75–91.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: 10.21638/11701/spbu05.2016.404
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/5982
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The world practice shows for a long time that creation of own venture funds became one of methods of increase of efficiency of innovative activity of the companies. The Russian companies is doing only the first steps in this direction. The article explains that such actions require prior formation in the company of the appropriate innovation culture. Creation of corporate fund will be justified when internal prerequisites are for this purpose created, and long-term innovative strategy is accepted. It was determined that the most appropriate form of the fund is an investment partnership. It is desirable to include in structure of managing company both own, and invited experts. The advantage of invited experts consist in their professional competencies for the implementation of activities associated with investments and asset management. There was a need to address a number of issues requiring legal settlement (the definition of a corporate venture fund, the need to ensure the right of fund manager to make a mistake when making investment decisions, and others). Attention is paid to the specifics of firms which already create funds: in the capital of most of them there are significant share of state participation. In case of failure of investment it can lead to serious problems for managing company.
  Refs. 24.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Issue 4
metadata.lang: -
metadata.name: dc.subject
metadata.value: innovation
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: innovation activities
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: corporate venture financing
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: corporate venturing
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: venture capital fund
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: a spin-off company
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: startup
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Corporate venture financing of innovative projects
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 04-Motovilov.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/5982/1/04-Motovilov.pdf
resources.format: Adobe PDF
resources.size: 188,75 kB