WORLD SCIENCE ISSN 2413-1032
62 № 9(37), September 2018 http://ws-conference.com/
VENTURE FINANCING OF INNOVATIVE PROCESSES
IN AN AGRICULTURE OF UKRAINE
Ilona Dumanska, Ph.D., Associated Professor
Ukraine, Khmelnitsky, Khmelnitsky National University
DOI: https://doi.org/ 10.31435/rsglobal_ws/30092018/6137
ARTICLE INFO
Received: 06 July 2018
Accepted: 28 September 2018
Published: 30 September 2018
ABSTRACT
The article reveals the peculiarities of ventures investigated the sources
of their funding. The problems of venture financing innovation
enterprises of the agricultural sector. The problems and prospects of
development of venture investment in Ukraine. Found that in Ukraine is
a source of venture capital organizations, large companies and
commercial banks. Today, almost every company has its own venture
capital fund that invests in innovative businesses related fields. Unlike
the developed foreign countries in Ukraine basic research in the
agricultural sector financed only by the state. This fact provokes the
creation of favorable conditions for attracting private and foreign
investments for the development of research and innovation in
agriculture.
KEYWORDS
venture financing,
credit, investor,
innovation,
agriculture.
Citation: Ilona Dumanska. (2018) Venture Financing of Innovative Processes in an Agriculture of
Ukraine. World Science. 9(37). doi: 10.31435/rsglobal_ws/30092018/6137
Copyright: © 2018 Ilona Dumanska. This is an open-access article distributed under the terms of
the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is
permitted, provided the original author(s) or licensor are credited and that the original publication in this journal
is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which
does not comply with these terms.
Introduction. World experience of venture financing in agriculture shows that venture capital
is not the last place in the economy of developed countries. In Europe, where there are all favorable
natural conditions for conducting agricultural activities carried out, although not in a significant
amount of this venture capital management areas. Considerable interest of Russian investors was paid
to agriculture and amounted to almost 2% of the total investment.
This experience of financing can be considered not very significant, but as Europe, Russia,
and Ukraine has the opportunity to become the origins of a new, albeit small investigated alternative
sources of financing innovation in agriculture.
The main objective of the study is found necessary, and this new alternative method of
financing agribusiness as venture capital, which will orient the economy towards a promising future
development. To achieve this goal used methods of analysis and synthesis.
Research results. Under the conditions of reforming Ukraine’s economy transition to innovation
model of development means, above all, the search for new sources of funding to enhance innovation.
Venture capital was so organically necessary element of aggregate economic mechanism to implement
innovations at critical stages of their development and commercialization, where other mechanisms fail.
The need for risky form of financing due to the complexities of scientific advances in the
production of agricultural enterprises, mass emergence of the research enterprise and its high demand
for capital, its inability to meet traditional lending institutions.
The most common form is attracting investment loans from commercial banks and other
financial investors, and the simplest use of economic cooperation agreements between the production
ECONOMY