The Development of the High-Tech Sphere: The Role of Venture Capital Ecosystem
Ekaterina A. Ugnich
Ph.D., Associate Professor, Don State Technical University, Rostov-on-Don, Russian Federation. E-mail:ugnich77@mail.ru
The article reveals peculiarities of the development of the high-tech sphere in the global economic environment. It is shown that one of the reasons of low competitiveness of domestic high-tech sphere is the lack of financial resources and management experience in transforming a scientific idea into a high-tech project with its subsequent commercialization. The role of venture ecosystem as a source of development of the high-tech sphere is examined in the article. The author identifies the problems of development of Russian venture ecosystem and demonstrates its prospects of an effective symbiosis of the state and the private initiatives against the background of favourable institutional conditions.
Keywords
High technologies, innovative process, venture capital ecosystem.