Light & Engineering 27 (1)

Volume 27
Date of publication 02/20/2019
Pages 103–108

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Alternative Ways of Attracting Investments in the Energy Saving Technologies Industry. L&E 27 (№1. 2019)

Articles authors:

Olga N. Anyushenkova, Andrej V. Ryzhik, Venera K. Shajdullina

Olga N. Anyushenkova, Senior Lecturer of Department of Foreign Languages of the Financial University under the Government of the Russian Federation

Andrej V. Ryzhik, Ph.D. in Law, Associate Professor of Department of General and special legal disciplines of the Belarusian State of the Orders of the October Revolution and the Order of the Labour Red Banner Agricultural Academy, Associate Professor of the Department of legal regulation of economic activity of the Financial University under the Government of the Russian Federation

Venera K. Shajdullina, Ph.D. in Law, Senior Lecturer of Department of legal regulation of economic activity of the Financial University under the Government of the Russian Federation

Abstract

The objective of the research is to determine the legal terms of the implementation of alternative ways of attracting investments in the energy saving technology industry. To achieve this goal, the authors examined economic and legal problems of fundraising in the industry of energy-saving technologies and grounded the importance of solving the problems for the lighting equipment industry. The article provides a comparative analysis of the volume of global investments in this area of the economy and identifies a number of problems hampering the access of innovative enterprises to investment for developing energy-saving technologies. The article considers an alternative way of raising funds for innovative startups in the field of energy saving, ICOs (ICO stands for Initial Coin Offering). The article, also, analyzes the ICO market with 14 current participants, energy-saving technologies companies. Furthermore, the authors looked at the legislative regulation of this raising capital method in energy saving and energy efficiency in the Russian Federation and abroad in order to identify the best international experience and its implementation in the Russian legal field. As a result of the research, the authors developed practical recommendations for legal support for upcoming ICOs procedures for companies in this industry.

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Keywords

DOI: https://doi.org/10.33383/2018-092