State and funds of funds in venture industry development

  • Olga F. Malashenkova Belarusian State University, Niezaliežnasci Avenue, 4, 220030, Minsk, Belarus

Abstract

The article analyses the successful world experience that defines a role of the state and government support programs of venture business development as the start catalyst of venture processes in the country. It is shown that the programs of direct state investments basically are typical for developed countries. It is proved that the developing countries achieved success thanks to found mechanisms. The article reveals an essence of fund of funds and its role in development of the venture industry. Here are given examples of the state support of venture business in different countries: Finland, Israel, the USA, Russia, Kazakhstan. Article will be interesting as to expert – investors, economists, scientists, post-graduate students, students, and a wide range of readers.

Author Biography

Olga F. Malashenkova, Belarusian State University, Niezaliežnasci Avenue, 4, 220030, Minsk, Belarus

PhD (economics), docent; deputy dean for scientific work of the faculty of international relations

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Published
2018-10-26
Keywords: venture activities, fund of funds, government support, venture capital industry
How to Cite
Malashenkova, O. F. (2018). State and funds of funds in venture industry development. Journal of the Belarusian State University. Economics, 1, 59-64. Retrieved from https://journals.bsu.by/index.php/economy/article/view/2191
Issue
No 1 (2017): Journal of the Belarusian State University. Economics
Section
O. Economic Development, Innovation, Technological Change, and Growth

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