Annotation

The article is dedicated examines the specifics of legal regulation of the venture capital market. The author substantiates the importance of developing innovation policy and characterizes it as a complex and comprehensive process. The article addresses the relationship between technological sovereignty, innovation, and investment in the context of sanctions pressure and the need for import substitution. The article also analyzes the nature of venture capital investments and their specific features. It examines the issues influencing the formation of the regulatory framework governing venture capital investments and examines the level of development of the state economy in the context of innovative development.