Entrepreneurs have referred to venture capital financing

Recently, the news about the capital flight from Russia has remained on the pages of business publications. Investors, first of all foreign, in the period of macroeconomic instability, are in attempt to protect their finances and dispose of so called risky investments to the developing countries. Highly liquid capital, without any delay in the country, loses by that its investment component in the long-term.

It should seem in such conditions, there is no place for risky investments, which are connected with the development of information technologies and high-tech economy sector. However, the situation is not so unique, as it might appear at first sight.

Today in order to hold its business segment, for the development of a new business, companies begin to turn step by step to the practice of venture capital financing. This direction of financial investments is new enough in our country and the potential is very high here.

There are two directions of high risk investments developing today in Russia – corporate venture capital financing and activity of « business angels».
In the first case, organizations establish own venture funds, which they invest in advanced research and development, innovative projects (startups), in firms gained a reputation in the high-tech market. According to conservative estimates, the volume of such investments could reach 34 bln RUB in the Russian market in the nearest time.

The activity of business angels represents the investment of private funds in advanced development. This direction is absolutely new in domestic business environment, first of all because potential investors possessing necessary resources are conservative and don’t know at times where they could invest. At the same time, the government hasn’t lost its scientific potential and has a great amount of engineering talents, who cannot find its benefactors. It is required to increase the information awareness of the market and to explain the rules of the game on it. But it is possible now to talk about its rapid growth: according to the data of the National association of business angels (NABA), the average volume of investments made 928 000 USD in previous year - that is by 63% more than in 2012, and the average quantity of investments of business angels per transaction increased to 232 000 USD.