startup

Abstract. This study focuses on evaluating the effectiveness of state regulation in initiating innovative projects under limited funding. The primary emphasis is on examining the mechanisms employed by the government to stimulate innovative activities among enterprises and foster the development of innovative ideas. The analysis encompasses the legal and financial landscape surrounding innovative projects, evaluating the impact of government programs and instruments on their initiation and development.

The current state of development of Ukraine’s economy requires solving the problems of intensifying entrepreneurial activity, including in the form of startups. The results of the analysis of existing scientific works and practical materials made it possible to clarify the essence of a startup, which should be understood as the process of creating and bringing to the market an innovative product which requires attracting financial resources to promptly solve specific problems under conditions of high uncertainty.

Today, the issue of tourism, travel, research of the city or its history remains quite relevant. Awareness of one’s identity, learning the history of one’s people are important aspects of life, or learning the culture of other peoples. Although the Covid-19 pandemic and the war have put this issue on the back burner, it adds new challenges to it. On the one hand, interest in research and learning something new is enhanced by isolation, both internal - limiting people’s personal contacts, and external – closed borders and a limited flow of tourists.

The article presents the research results of the mechanisms of startups venture capital investment. The role and significance of venture capital investment in the startup ecosystem and the innovation ecosystem in general are considered. The economic essence of the concept of venture investing is presented. In the process of research, the peculiarities of venture capital investment for startups were analyzed and a comparative characteristic of venture capital investment and classical investment was given.

The scientific research paper examines the European experience in the development of startup ecosystems. The definitions of scientists of the concepts “startup” and “ecosystem of startups” are given. The importance of the development of the startup ecosystem for Ukraine and possible ways to find better solutions to strengthen such development are identified.