Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)

Creation and Development of Regional Venture Ecosystems

Authors
Svetlana V. Zemlyak, Marina V. Shelomentseva, Vera V. Popova, Aleksej V. Naumenkov
Corresponding Author
Svetlana V. Zemlyak
Available Online December 2019.
DOI
10.2991/icefb-19.2019.37How to use a DOI?
Keywords
national innovation system; regional venture ecosystem; effectiveness; venture projects financing, DEA-analysis
Abstract

The article is devoted to the peculiarities of regional venture ecosystems functioning in a context of digital economy development. Facility development for venture projects financing is one of the strategic targets of the state policy in innovation development. The aim of the study is to provide reasonable arguments for the necessity of pursuing domestic state policy considering regional peculiarities of RF entities development in the sphere of innovation and investment. The study methodology is based on the non-parameter DEA analysis in effectiveness estimation of venture ecosystems functioning in RF entities. Output-oriented mono models allowed to perform quantitative assessments of effectiveness of public financial institutions and venture investors interaction in federal entities and to classify the entities by major types of innovation territories. Based on the empirical data, a number of hypotheses related to creation and development of national venture ecosystems in digital economy have been confirmed. Practical relevance of the study is proved by the fact that identifying RF entities with different levels of venture ecosystem development will allow to use different facilities in managing them, to master venture investment tools as a factor of steady economic growth.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
December 2019
ISBN
978-94-6252-853-6
ISSN
2352-5428
DOI
10.2991/icefb-19.2019.37How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Svetlana V. Zemlyak
AU  - Marina V. Shelomentseva
AU  - Vera V. Popova
AU  - Aleksej V. Naumenkov
PY  - 2019/12
DA  - 2019/12
TI  - Creation and Development of Regional Venture Ecosystems
BT  - Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)
PB  - Atlantis Press
SP  - 146
EP  - 149
SN  - 2352-5428
UR  - https://doi.org/10.2991/icefb-19.2019.37
DO  - 10.2991/icefb-19.2019.37
ID  - Zemlyak2019/12
ER  -