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Venture Financing and Crowdfunding as Tools to Support Economic Security of Small Innovative Business Entities

Andrey Minakov – Professor, Chair of Economics and Accounting, Moscow University of the Ministry of Internal Affairs, Doctor of Economic Sciences. E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The article analyzes the approaches to improving the financing of the activities of small innovative enterprises and enhancing their economic security. The relevance and importance of the development of small innovative enterprises in the market economy of Russia is determined. Venture financing and crowdfunding are considered as tools to support economic security of small innovative business entities. Based on the analysis of various literature sources, the main advantages of venture financing are systematized in comparison with bank lending.

Key words: economic security, small innovative enterprises, venture financing, crowdfunding.