Problems of russian innovative companies valuation through venture investors’ vision

Innovations and investments

In this article problems connected with Russian innovative companies' valuation in the purpose of venture financing are analyzed. Some aspects of investors’ practice are considered, for instance market situation, features of legislation, IPO. But the most significant problem is the basis of valuation method. As an example we evaluated an innovation project «Ustanovka bistrogo pirolisa torfa (UBPT)» using several methods.