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Finance and Credit
 

Financial support for startup projects as a tool for implementing regional development strategies

ISSUE 2, FEBRUARY 2026

Received: 22 September 2025

Accepted: 20 October 2025

Available online: 26 February 2026

Subject Heading: Financial system

JEL Classification: G38, H54, O18, R10, R50

Pages: 64-79

https://doi.org/10.24891/zywbtc

Irina N. SHVETSOVA Institute of Economics and Management, Pitirim Sorokin Syktyvkar State University (SyktSU), Syktyvkar, Komi Republic, Russian Federation
irshv@mail.ru

https://orcid.org/0000-0003-3595-4165

Subject. Types and mechanisms of state support for startup projects (financing, tax preferences, grants, infrastructure).
Objectives. To assess the system of state financial support for startup projects in the Russian Federation as an instrument for implementing regional socioeconomic development strategies.
Methods. A systems approach was applied, using methods of theoretical analysis and synthesis.
Results. It was found that a key unaddressed issue remains the absence of a unified legal definition of a startup and a clear distinction from small and medium-sized enterprise projects. This gap impedes the creation of a comprehensive financial support system. State financing measures for startups are fragmented. The need to replicate best practices has been substantiated.
Conclusions and Relevance. The prospects for advancing startup projects lie in shifting focus towards: unifying the architecture of their financial regulation; developing crowdfunding; expanding financial support measures at later stages; and improving interdepartmental coordination. These steps will strengthen the multiplier effect of startup project implementation, contributing to the achievement of regional socioeconomic development goals. The beneficiaries will include the region, its population, and business entities. The findings can be used by the Ministry of Economic Development, Industry, and Transport of the Komi Republic when developing a roadmap for implementing socioeconomic development strategies; by researchers conducting studies; and by instructors of relevant disciplines.

Keywords: startup projects, financial support, financial instruments, strategies, regions

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