State Financing and Stimulation of Development of Venture Investment into Models of Open Innovations

The article reveals specific features of overcoming such a disfunction of the market in the sphere of scientific and technical and innovation activity as non-full markets. Result is achieved through mechanisms of state financing and state stimulation of development of venture investment in the context of development of the concept of open innovations. The state will re-orient from the main source of financing venture entrepreneurship to the activator of development of venture investment. The programmes of state support and stimulation of venture entrepreneurship and venture investment give a possibility not only to provide income for venture investors, but to accelerate creation of new markets, which results in structural shifts in production and consumption while realising the function of "constructive destruction".