One of the most important sources for improving the financial support of innovative activity is venture capital. The development of venture financing in developed countries is one of the defining areas of support for medium and small innovative businesses. The purpose of the article is to identify the key features of venture capital, the selection of structural characteristics of venture capital, and the functional features of venture financing for the strategic development of innovative businesses. The survey is based on the following methods: analysis, systematization, and generalization to identify the key features of venture capital, as well as to select structural characteristics of venture capital, and the functional features of venture financing; tabular representation for the visual display of the results of research and analytical data. The article analyzes the interpretations of venture capital. A significant expansion of the key features of venture capital was noted. The structural characteristics of venture capital for the strategic development of innovative businesses are highlighted, which are systematized according to the following signs: elements of the classic form of venture capital, functions of venture capital, characteristics of the venture capital market, phases of the venture capital investment process, reasons for the refusal to receive venture capital, results from the implementation of venture capital at the macroeconomic level. Functional features of venture financing for the strategic development of innovative businesses must be considered in the context of such features forms of venture financing, types of venture financing, features that are characteristic of venture financing, steps of the venture financing process, stages of venture financing, the most common exit strategy for venture capital investors, principles of venture financing, advantages of venture financing, disadvantages of venture financing. The obtained results are the basis for further scientific research in the part of venture financing of the strategic development of innovative businesses in Ukraine and attracting investments for the development of innovative activity.
The purpose of the article is to study the features of a system of strategic risk management for the development of youth startups. The startup's activity is accompanied by great risks that must be skillfully managed. Formation of the system of strategic risk management for the development of youth startups has the number of advantages, which are discussed in this article. The authors attempted to examine the different aspects, elements of system of strategic risk management for the development of youth startups. The main elements of the system of strategic risk management of youth startups are the top management and department heads, divisions and spheres of activity, information about startup risks, information about what currently creates value for a startup, normative, methodical support for the development of the program, plans and strategy, financial and personnel management, information technology, management consulting, analytical support, goals, tasks, principles, functions, organizational culture that supports the development of the strategic risk management system, risk management strategy and new drivers for startup value formation. The importance of identifying all types of risks that have an impact on the strategic development of startups is emphasized. Creating value for business is the starting point of the process of strategic risk management of the development of youth startups has been indicated. Barriers to the formation of a strategic risk management system for the development of young startups have been presented.