INNOVATION STAGES DISTRIBUTION OF VENTURE CAPITAL INVESTMENTS IN RUSSIA AND THE UNITED STATES
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A balanced system of venture capital investment is necessary for the development of innovation sphere. The
absence of investors at one innovation development stage threatens to decrease the speed of innovation sphere
development and the loss of perspective projects and designs. This article provides the analysis of investments
by innovation stages in the US and Russia, which identifies significant problems in the innovations development
in the Russian Federation.
Keywords: innovation, venture capital investment, seed stage and start-up, investment innovation chain, business angel, venture fund.