Principles of Venture and Business-Angel Investments

Abstract

Positive state policies in the developed countries of the world are directed towards fundamental transformation and development of innovative economical sector. One of the most principle ways for solving tasks of priorities set for economic development is correct guideline of innovative activities; particularly, processing and implementation of the programs of public and private partnership in the financial, investment and infrastructural sectors; creation of wide network of state-private venture funds, techno polis and business incubator center and etc. Herewith, extended nature of the terms of repurchasing of innovative and especially – venture investments shall be emphasized. Business-angel, primary, seed and start-up investment sectors are not developed in Georgia and it includes narrow circle of projects; herewith. Neither venture capital, not – institution related with it own serious financial resources. It is often very difficult to find common language between participants of innovative projection and investment processes; sometimes the parties do not understand each other; in the process of searching for investments, sometimes difficulties of preparing business-offers take place and etc. Due to this fact, many of potential interesting transactions are cancelled at the stage of negotiations.