Innovative risks: contents and methods of prevention
As the subject of the study of this article, numerous risks, characteristic of innovation are considered. The subject of the study is risk management methods. The purpose of the study is to identify the risks associated with innovation and evaluate the effectiveness of existing methods to minimize damage from the onset of risk events. During the study, the author set himself the following tasks: 1) provide an overview of innovative risks; 2) consider ways to insure against entrepreneurial (including innovative) risks; 3) analyze and evaluate the state of the market of insurance of innovative risks in Russia. The article gives the concept of innovative risk, presents the existing classifications of risks, provides an overview of methods to prevent and reduce the degree of innovative risks. In particular, the emphasis is on the relationship between the degree of riskiness of the project and its transparency (access to information) for various investors. Also, the level of risk is made dependent on the human capital of the company (i.e., the qualifications and stress resistance of employees involved in the implementation of the project). Among other things, attention is also paid to the types of insurance of entrepreneurial risks common in our country and the problems that insurance companies face in the process of insurance of innovative activities. The features of venture financing of innovative projects in Russia are considered.