CONTENT AND FEATURES OF THE INVESTMENT MECHANISM FOR CORPORATE VENTURE FINANCING OF INNOVATIVE PROJECTS

Lenskii-Segal R. V., Shevchenko D. A.

The article discusses the features of corporate venture funds (CVFS) in comparison with independent venture funds (NVFS) from the position of providing a mechanism for financing innovative projects in business. The dynamics of corporate venture financing in the world and its varieties, allocated depending on the goals and connection with the main operating activities of the investor company, are considered. It is concluded that corporate venture funds solve tasks different from traditional independent entrepreneurial funds, contributing to the stimulation of innovative projects to increase the competitiveness of large business structures due to such features as the long-term nature of investments and a deep profile understanding of technologies and relevant markets. At the same time, after 2021, the volume of financing of innovative projects through corporate venture funds is decreasing, which is due to changes in the macroeconomic conditions of investment activity. However, the features of corporate venture financing highlighted in the work should be more actively used in the interests of large business, focusing the activities of the funds created on the correct combination of financial and strategic goals in the interests of the company.

Keywords:corporate finance, corporate venture fund, venture financing, venture capital, startup, innovations, project