Understanding Innovative Projects for Managing Startup Risks

The original "Specifics of the Innovative Project as a Prerequisite for Risk Management of the Investment Portfolio in Venture Capital Markets" paper focuses on the essential need for a thorough comprehension of terminology within the context of creating, executing and applying innovations. This understanding is crucial for an effective management of startup risks and successful entry into global markets, as well as for fostering the sustainable development of national economies through continuous innovation, entrepreneurship, and venture investing.

Through a detailed analysis of scholarly literature, the study systematizes various approaches to defining the term “innovation project and more.” It concludes that there is a noticeable issue with the incompleteness and oversimplification of fundamental concepts in the field of innovations.

Addressing the existing uncertainty in implementing innovation and considering the distinct characteristics of the final product, the article proposes a more comprehensive and nuanced definition of an “innovation project.” Additionally, it delineates the primary distinctions between an innovation project and a conventional, traditional project. This clarification is vital for the improved management of investment risks associated with projects characterized by a significant variance in potential future outcomes.

Publisher: Business-Inform, (4), pp. 92–97

The full manuscript of the "Specifics of the Innovative Project as a Prerequisite for Risk Management of the Investment Portfolio in Venture Capital Markets" paper is available at: https://doi.org/10.32983/2222-4459-2019-4-92-97.
Dmytro Shestakov, 2019