Crowdinvesting as a Perspective Instrument of Financing Small and Middle-Sized Businesses in the Russian Federation
Crowdinvesting as a Perspective Instrument of Financing Small and Middle-Sized Businesses in the Russian Federation

Summary/Abstract: The article substantiates the relevance of developing alternative funding ways for project activity of small and middlesized businesses in the Russian Federation. Therefore, this research aims at working out proposals for forming a common outline and individual infrastructure elements of a crowdinvesting system to activate project and investment activity of such businesses in the Russian Federation. Desk and sociological research was applied to achieve the research objectives. Desk research was done, using the available statistical and analytical information, Russian laws and regulations, and secondary sources. Data regarding current state of the small and middle- sized business sector were collected, and lists of potential respondents were compiled, and latest contacts of such respondents were collected within the desk research. Sociological research included questionnaire surveying, using e- forms to submit data and sending requests via e- mail. Sample included 31 small and middle- sized Russian businesses. The article presents findings obtained within research and development done out of public funds according to the 2016 Governmental Assignment of the Financial University in Creating a system of public investment (crowdinvesting) to activate small and middle- sized businesses. Research materials present basic concept of mainstreaming project and investment activity of small and middle- sized Russian businesses.

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