Issues in Startup Development: Assessment of Problems of Growth and Financing

   Relevance. Startups are an integral part of the modern economy and business, and their creation and development represent an important contribution to the economic growth and innovative development of the country. At the same time, the startup system in Russia has not yet been fully developed ‒ there are problems with their number, successful activities, and financing of startups. There are many sources of financing for startups, but it is often difficult for young entrepreneurs to find the necessary resources to implement their business idea. This may lead to the inability to launch a startup or to difficulties in its development. Therefore, studying the issues of financial support for a startup is relevant for many people starting their own business, as well as for investors, venture funds and large companies that can provide significant support for startup entrepreneurs.

   The purpose of the study is to analyze and evaluate the problems of growth, development and financing of startups.

   Objectives: analyze the startup business market; consider niches of the startup market and assess its growth trends; identify sources, main directions and problems of financing startups.

   Methodology. During the scientific research, empirical, theoretical, statistical and graphical methods were used.

   Results. The theoretical aspects of startup business were studied, the startup market was analyzed, the main sources of startup financing were identified, as well as the associated problems of growth and financing of startup business.

   Conclusions. The startup system has not yet been fully developed in Russia. Russia is still losing in terms of the total number of startups and the number of startups per 1 million people. The business areas in which startup developers operate are very diverse. The creation and successful development of startups depends on many factors, including financial security. The article discusses the problems of financing startups. The viability of startup developments in the Russian Federation in recent years has been strongly influenced by the COVID-19 pandemic and the sanctions imposed against the country. However, the main factor remains the lack of financial resources.

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