Public-private partnerships and venture investments as the foundation for sustainable economic growth and innovative development

this article is devoted to a comprehensive study of the role of public-private partnerships (PPPs) and venture investments in ensuring sustainable economic growth and innovation-driven development in modern Russia. The research aims to identify the contribution of these tools to the modernization of the national economy, describe their key elements and implementation mechanisms, as well as assess prospects for further development. The author focuses on specific features of PPP mechanism formation and implementation, revealing its potential for effectively promoting infrastructure projects, developing scientific and technological capabilities, and enhancing innovation activity within the economy. The unique role of venture investments is analyzed, highlighting their active involvement in supporting small businesses, launching high-tech startups, and advancing new ideas and developments. The study covers both positive aspects of existing models of PPPs and venture investing, as well as challenges that limit their effective application. It provides an in-depth analysis of current conditions surrounding these mechanisms, identifies obstacles hindering improvements in PPP practices and venture financing in Russia, pinpoints weaknesses in the established system, and offers recommendations for overcoming barriers and optimizing interaction between state authorities and business entities. In conclusion, it is argued that efficient integration of PPP components and venture investment instruments is essential for transitioning towards an innovation-based type of economic development in Russia, improving competitiveness among domestic producers, and ensuring sustained economic growth.

public-private partnership, venture investments, start-up, economic growth, innovation-driven development, funding mechanisms, innovations