Prospects of state regulation of venture entrepreneurship in Ukraine

Perspectivas de la regulación estatal del espíritu empresarial de riesgo en Ucrania

• Maryna Tymoshenko University of Customs and Finance, Dnipro; Dnipro, Ukraine. https://orcid.org/0000-0002-0288-9750
• Nataliia Bondarchuk Dnipro State Agrarian and Economic University. Dnipro, Ukraine. https://orcid.org/0000-0002-0418-5239
• Iryna Lytvyn Lviv Polytechnic National University; Lviv, Ukraine. https://orcid.org/0000-0002-6233-4431
• Iuliia Kostynets National Academy of Management. Ukraine. https://orcid.org/0000-0001-6427-675X
• Oksana Bieliakova Azov Maritime Institute National University "Odessa Maritime Academy, Odessa, Ukraine. https://orcid.org/0000-0003-0363-4239

DOI: https://doi.org/10.46398/cuestpol.4074.03

Keywords: venture entrepreneurship, business and investment, innovation and government regulation, startup; risk management

Abstract

Using general and special scientific methods and generalized statistical data, the article reveals the essence of venture entrepreneurship, identifies the features and influence of venture investments on the innovative development of the Ukrainian economy in conditions of limited state resources. It has demonstrated the need to develop a strategy to improve the investment climate and expand venture investment in Ukraine, the main measures of which should include: improvement of the legislative framework; development of the innovation ecosystem in accordance with major global trends; formation of a favorable investment climate and tax regime for investors; development and implementation of new organizational and legal forms of venture investment; creation of conditions for the development of infrastructure units of the entrepreneurship ecosystem; formation of conditions for the development of innovative entrepreneurship in the real sector of the economy, as well as in the scientific and technical sphere, etc. It concludes with recommendations on the need to increase the volume of venture capital investments in high-tech projects with an emphasis on the defense industrial complex, IT sphere and construction, among others.

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