DEVELOPMENT OF LEGAL REGULATION OF VENTURE ENTREPRENEURSHIP IN THE REPUBLIC OF KAZAKHSTAN

Authors

  • Yerbol Musinovich Abaideldinov
  • Mira Zhumagazievna Kulikpayeva Институт законодательства и правовой информации РК МЮ РК

DOI:

https://doi.org/10.52026/2788-5291_2023_74_3_87

Keywords:

innovations, venture financing, venture fund, investments, industrial revolution, legislation, code

Abstract

The article deals with the issues of organizational and legal support for the industrial and innovative development of the Republic of Kazakhstan, the adoption by our country of a number of state programs, Concepts, legislation and other documents in this area and their content relating to the issues of innovation and closely related to it, as a growing popularity, venture entrepreneurship. The origin of this high-risk business abroad and the beginning of its operation on the territory of Kazakhstan, as well as its modern legal regulation, contained, due to its difficult, complex specifics, in a number of codes, laws, government decrees, etc. are analyzed. It is noted that, to date, neither domestic investors on behalf of companies or individuals, nor foreign investors today are particularly interested in investing in an innovative economy, in projects related to venture financing. The state creates conditions for attracting investments, developing venture business, taking a rather balanced approach to financing this business by supporting innovation activities provided by the subjects of the innovation system, including by investing in innovative projects, creating legal entities with foreign participation, creating or participating in investment and venture funds; development of risk investment funds, venture funds and venture financing, etc. The measures taken by the state continue to improve, and the authors of the article formulated some proposals in this direction.

Published

27.09.2023

How to Cite

Abaideldinov Е. М., & Kulikpayeva М. Ж. (2023). DEVELOPMENT OF LEGAL REGULATION OF VENTURE ENTREPRENEURSHIP IN THE REPUBLIC OF KAZAKHSTAN. Scientific and Legal Journal «Bulletin of the Institute of Legislation and Legal Information of the Republic of Kazakhstan», 3(74). https://doi.org/10.52026/2788-5291_2023_74_3_87