VENTURE COMPANIES AS A CATALYST FOR ECONOMIC GROWTH IN THE SME CHAIN

Abstract

Venture companies through their innovative projects bring a fresh breath into the chain of small and medium-sized enterprises and can become a real driving force for the country’s economic development. In this sense, the most successful collaboration of the government bodies with the business environment is necessary. In the study, the author formulated a hypothesis: the role of venture activity as a catalyst for economic growth, supposes the existence of an appropriate legal framework and a corresponding regulatory framework, which ensures the functionality of this mechanism by implementing state policies appropriate to the real development needs of SMEs but would also bring advantages for the entire economy. It is necessary for the state to provide more facilities, to stimulate innovations and research in industries attractive to the economy. If the revealed problems of the society will be solved, the Republic of Moldova will be able to achieve the objectives proposed for the 2030 Strategy.