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The paper notes that a stable and long-term economic development of the country mostly depends not on its resource capabilities, but on innovations. Through innovations, science can become a productive force, and innovations in the form of intangible assets - mainly economic development of the capital. Financing of innovations, carried out in particular through venture capital investment around the world is recognized as one of the most effective mechanisms for accelerating the process of qualitative transformation in the economy.
Organisation
Sector
Year
2013
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Last updated
11.09.2015