Strategy development for business angels associations in Russia

1.Topic of the diploma project:Strategy development for business angels associations in Russia2.Key terms:Venture investment, venture industry, business angels, innovation, project investment, and startup.3.Brief paper characteristics:The aim of the research is to design a strategic plan of business angels’ association.The object of the research is the informal market of venture capital that holds the activity of individual venture investors, including business angels that conduct interactions with innovative commercial and non-commercial organizations.Subject of the study is a commercial activity of business angels’ association as a group of investors.The research question: Business angels represent the financial background for effective interaction between subjects of economic activity in conditions of innovative economy model development and post industrialization.The following objectives were met in the present paper:-To study business angels’ activity as a part of complex economic system-To discover legal, economic and financial aspects of business angels’ activity in Russia-To analyze real examples of business angels’ investment in venture funds and startups-To design a plan of business angels’ associationFor completing the research goals set typical investigation methods were chosen: systematic approach, induction and deduction methods, comparative analysis, method of analogy, methods of synthesis and analysis.The practical implementation: The results of the present paper can be effectively implied by the managers of business angels’ networks, individual venture investors and also by the owners and founders of Russian innovative projects during their commercial activity.The novelty of the investigation is represented by by a number of practical findings and recommendations devoted to problems of medium-sized and small businesses.1.The paper reveals the essence of private investment by business angels as the separate form of venture capital investment on the basis of common agreement in conditions of weak legal base.2.There are practical recommendations developed in this study and addresses to the improvement of venture capital market infrastructure in Russia.Diploma project structure:The first chapter is devoted to investigating the theoretical aspects of business angels as part of economic structure;The second chapter analyzes real examples of business angels’ investment in venture funds and startups;The third chapter describes the designed plan of business angels’ associationThe volume of the diploma project is 65 pages. There are 50 literature pieces analyzed. The paper includes 4 tables.