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Sources of Financing High-Tech Projects

Author

Listed:
  • Elena Alexandrovna Rybkina
  • Olga Vladimirovna Demyanova
  • Julia Vladimirovna Babanova

Abstract

This article is aimed at considering current sources of financing for high-tech projects. In the article, statistical data confirm the orientation of developed and developing countries' economies towards the generation of high-tech products by the dynamics of added value in high-tech and medium-high-tech industries, respectively - support for high-tech manufacturing enterprises and industries as a whole. Lists of high and medium-high-tech adopted sectors in the Russian Federation, in the United States, and in European nations, and a list of critical technologies are given. Special attention is given to the essence of the high-tech projects, concept, through the implementation of a rise in the share of high-tech products. The article identifies the main characteristics that distinguish a high-tech project from an innovative one. The dynamics of value-added in high-tech and medium-high-tech sectors of the economies of developing and developed countries are studied in conjunction with R & D spending in high-tech sectors of these countries. On the example of the United States (the global leader in the high-tech industry), the structure of financing high-tech projects carried out by companies at the expense of internal financing, that is, own funds is investigated. Based on the Russian Federation, the volumes of attracted cash in the form of grants and the amount of borrowed cash in the form of a subsidy for the implementation of high-tech projects in dynamics for 2012-2018 are investigated.

Suggested Citation

  • Elena Alexandrovna Rybkina & Olga Vladimirovna Demyanova & Julia Vladimirovna Babanova, 2020. "Sources of Financing High-Tech Projects," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(6), pages 177-187, December.
    • Handle: RePEc:jfr:ijfr11:v:11:y:2020:i:6:p:177-187
    DOI: 10.5430/ijfr.v11n6p177
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    References listed on IDEAS

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    1. Ina Ganguli, 2017. "Saving Soviet Science: The Impact of Grants When Government R&D Funding Disappears," American Economic Journal: Applied Economics, American Economic Association, vol. 9(2), pages 165-201, April.
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