The impact of innovative activity on the development of venture capital in Kazakhstan

Increasing the enterprises innovative activity is the most important among the priority areas of economic development in the context of modern technological transformation. Kazakhstan continues to evolve in a catch-up economy model. The way «out of the rut» is possible provided that the structure of the economy will be changed through an innovative breakthrough, the creation of a venture business and the adaptation of its developments in the mass production of domestic enterprises. The issues of creating and developing venture financing in connection with the innovative development of the national economy are relevant for Kazakhstani business, but despite the growing interest of the scientific community, certain aspects remain poorly understood. This article shows the relationship between the dynamics of the innovation process and the development of venture financing in Kazakhstan. The article provides indicators comparative analysis of venture capital financing in Kazakhstan and abroad in relation to the level of innovative activity, considered factors that inhibit innovative development and venture business in the country. The study allowed the author to substantiate the hypothesis that the creation of favorable conditions in the form of tax breaks and the creation of a sound regulatory framework in the field of innovation and financing for local and foreign venture investors would be an impetus for an active inflow of funds and accelerated innovative development of the national economy.

инновации, активность, венчурный бизнес, финансирование, государственные программы, анализ, инвесторы, экономика, innovation, activity, venture business, financing, government programs, analysis, investors, economics, инновациялар, белсенділік, венчурлық бизнес, қаржыландыру, мемлекеттік бағдарламалар, талдау, инвесторлар, экономика

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