Financing introduction of innovative products with crowdfunding technology

Authors

  • Valery Viktorovich Ivanov Russian Foreign Trade Academy
  • Natalya Borisovna Sashenkova Russian Foreign Trade Academy

Keywords:

financing, innovation, Crowdfunding, innovative products, investment, external funding

Abstract

The article considers the problems of crowdfunding technology for financing innovative products. The analysis of the financing sources of innovative products and their efficiency at every step of the innovation enterprise was made. To solve the existing problems, the authors reviewed
the international experience in crowdfunding and, basing on the best practices that might be applied in Russia, propose a universal model of financing innovative products with crowdfunding mechanisms allowing to achieve implementation of innovations and, thus, their launch onto the Russian and international markets.

Author Biographies

Valery Viktorovich Ivanov, Russian Foreign Trade Academy

Doctor of Economics, full professor
Place of work, post: Russian Foreign Trade Academy, Academic Department of Finance and Monetary and Credit Relations professor; Institute of International Trade and Law, professor

Natalya Borisovna Sashenkova, Russian Foreign Trade Academy

Place of work, post: Russian Foreign Trade Academy, Academic Department of Finance and Monetary Relations - post-graduate student, Savelki District Council, Senior Expert, trading of goods and services

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Published

2024-02-08

How to Cite

Ivanov, V. V., & Sashenkova, N. B. (2024). Financing introduction of innovative products with crowdfunding technology. Russian Foreign Economic Journal, (8), 72–81. Retrieved from https://journal.vavt.ru/rfej/article/view/1461

Issue

No. 8 (2015)

Section

World economy

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