Template-Type: ReDIF-Article 1.0
Author-Name: Sukachova, Snizhana
Author-Name-First: Snizhana
Author-Name-Last: Sukachova
Author-Email: sukachovasnizhana@gmail.com
Author-Workplace-Name: Department of Economics and Business, Faculty of Economic Relations and Finance, State Biotechnological University, Ukraine,
Author-Name: Vytrykhovskyi, Yevstakhii
Author-Name-First: Yevstakhii
Author-Name-Last: Vytrykhovskyi
Author-Email: yevstakhii.vytrykhovskyi-a073-23@nung.edu.ua
Author-Workplace-Name: Department of Management and Administration, Ivano-Frankivsk National Technical University of Oil and Gas, Ukraine,
Author-Name: Korneev, Volodymyr
Author-Name-First: Volodymyr
Author-Name-Last: Korneev
Author-Email: vkorn27@gmail.com
Author-Workplace-Name: Department of Finance named after Viktor Fedosov, Kyiv National Economic University named after Vadym Hetman, Ukraine.
Author-Name: Gaponiuk, Mykola
Author-Name-First: Mykola
Author-Name-Last: Gaponiuk
Author-Email: haponiuk.mykola@kneu.edu.ua
Author-Workplace-Name: Department of Finance named after Viktor Fedosov, Kyiv National Economic University named after Vadym Hetman, Ukraine.
Author-Name: Borodenko, Tetiana
Author-Name-First: Tetiana
Author-Name-Last: Borodenko
Author-Email: borodenko.t@gmail.com
Author-Workplace-Name: Department of Finance named after Viktor Fedosov, Kyiv National Economic University named after Vadym Hetman, Ukraine.
Title: Innovative Startup Financing Models: Venture Capital and Crowdfunding
Abstract: In Ukraine, the lack of efficient financing mechanisms impedes the growth of startups. Therefore, venture capital and crowdfunding models need to be compared. The main task of the research is to assess the efficiency of using these financing models in Ukraine during 2024. The study uses a mixed regression analysis method, case studies about successful Ukrainian startups, and SWOT analysis to compare these financing mechanisms. The results show that venture capital has a strong positive impact on startup success (? = 0.72, p < 0.01), whereas crowdfunding is positively related (? = 0.54, p < 0.05). However, it is with higher risk. In addition, the results point out that the involvement of investors and the amount of time needed to raise funds are essential factors for financing success. As laid out in the SWOT analysis, the most significant strengths of venture capital are strategic mentorship and scalability, while crowdfunding can help you better validate the market. The hybrid financing framework with venture capital's structured investment and crowdfunding's accessibility should be used as a key policy implication to enhance startup growth in Ukraine.
Keywords: Venture Capital, Crowdfunding, Digitalization, Innovative Startup, Financing Models, Startup Success
Journal: International Journal of Economics and Financial Issues
Pages: 427-433
Volume: 15
Issue: 4
Year: 2025
Month: 06
DOI: 10.32479/ijefi.19264
File-URL: https://econjournals.com/index.php/ijefi/article/download/19264/9073
File-Format: application/pdf
Handle: RePEc:eco:journ1:v:15:y:2025:i:4:id:19264