MODERN FORMS OF FINANCING AND SUPPORT FOR INNOVATIVE PROJECTS
High rates of technology development have led to the emergence and development of new forms of financing innovative projects. One of the most popular and fast-growing ways of financing innovative projects is the initial placement of tokens (Initial Coin Offering), based on the principles of crowdselling and crowdfinding. ICO illustrates, on the one hand, the simplicity of the mechanism, on the other - high risks, which cause the urgency of the study. The paper considers ICO as one of the forms of attracting investments for the implementation and development of innovative projects, distinguishing ICO from IPO, crowdfunding. The analysis of ICO, completed in 2017, is carried out.
Keywords: primary location of tokens, crowdfunding, crowdselling, blockchain, crypto currency.
Highlights:
• the economic essence of ICO and its impact on the innovation process is determined;
• the differences in ICO from IPO are presented;
• the analysis of ICO, completed in 2017, is carried out.
Bulat A. Shkanov, Undergraduate, Samara State University of Economics.