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THE INFLUENCE OF ORGANIZATIONAL CULTURE ON THE FORMATION OF VENTURE ECOSYSTEM IN RUSSIA
Abstract
The acceleration of scientific and technical progress requires such mechanisms which will work for the formation of synergistic effect within the frameworks of building of innovative economy. One of such mechanisms is the formation of efficient venture capital ecosystem, which stimulates attraction of resources into innovative projects. This research work is devoted to the analysis of the problems of domestic venture capital ecosystem's functioning. According to the authors, the prospects of development of venture capital business are determined by the availability of effective development institutions and their interconnection, which constitute a unified system with a specific internal environment. Internal environment forms connections and relationships between the participants of venture capital ecosystem, as a result of which a particular organizational culture is formed. By its content venture business corresponds to a greater degree to the principles of partnership organizational culture. In its turn, the principles of partnership organizational culture serve as a source of continuous complication of venture capital ecosystem.
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