DOI: http://doi.org/10.15350/2409-7616.2020.2.35

Olga V. Andreeva – Candidate of economic Sciences, associate Professor of the Department of Finance, head Of the center for strategic studies of socio-economic development of the South of Russia, Rostov state University of Economics, Rostov-on-don, Russian Federation, ORCID: https://orcid.org/0000-0002-5567-6396, E-mail: olvandr@ya.ru

Anna A. Sukhoveeva – Associate Professor, Department of Finance, Rostov state. University of Economics, Rostov-on-don, Russian Federation. E-mail: suhoveeva_anna@mail.ru

Abstract. Youth entrepreneurship is a promising sector of entrepreneurial activity for a number of reasons, among which we can highlight the solution of employment problems, the readiness and ability to apply new solutions, including digital ones, the increased propensity of young people to risk, which is an important quality of an entrepreneur, and others. At the same time, the involvement of the younger generation in business requires the creation of a full-fledged support infrastructure. The purpose of this article is to determine the most relevant directions for the development of youth entrepreneurship. The research has shown that currently there is a rather limited range of programs that provide state support for youth entrepreneurship, as well as public-private partnership programs. Financial instruments that ensure the implementation of these programs are described. The key provisions of the regional project of the Rostov region “Popularization of entrepreneurship”, including those addressed to the younger generation, are considered. However, existing approaches do not fully take into account the specifics of youth entrepreneurship and require further development. The authors propose a construction of a strategy for the development of state support for youth entrepreneurship, which includes a number of elements. Among them: vectors of the state policy for the development of youth entrepreneurship in the long term; main activities that contribute to the effective development of youth entrepreneurship; implementation tools and sources of funding for state support of youth entrepreneurship.

Keywords: youth entrepreneurship, social entrepreneurship, small business, youth policy, state regulation.

References:

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For citation:

Andreeva O.V., Sukhoveeva A. A. Youth entrepreneurship and effective tools for its development. CITISE, 2020, no. 2, pp. 385-393. DOI: http://doi.org/10.15350/2409-7616.2020.2.35