Montenegrin Journal of Economics


Modelling Of Criteria For The Feasibility Assessment Of Intellectual Products' Potential In The Venture Financing System

Tatiana Volkova and Marina Kuznetsova

2012, vol. 8, no. 1, p. 197-206


Objective of the research is to develop a logical modeling variant of criteria for the feasibility assessment of intellectual products` potential in the venture financing system. Research methodology is based on synthesis of institutional and new institutional economics theory, theories of innovations, uncertainty and risk, management of innovations. Essential characteristics of venture financing are structured in the article, its treatment as an economic category is suggested. The structure of institutional field of venture financing (by the example of Russia) is elaborated with consideration of projected development and co evolution of formal and informal institutions as a favorable environment for drawing into economic turnover and commercialization of technological developments and projects. A logical model of institutional criteria for the assessment of intellectual products` potential feasibility in the system of venture financing is suggested.


suggested citation:

Tatiana Volkova and Marina Kuznetsova. "Modelling Of Criteria For The Feasibility Assessment Of Intellectual Products' Potential In The Venture Financing System." Montenegrin Journal of Economics. vol. 8, no. 1, 2012, p. 197-206

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