The article describes the basic concepts of economic security. The features of the venture firm are described. The venture firm is presented as an instrument of knowledge connection for product innovation. A method of investigating of the nature of venture capital deals is presented with the different motives and rules of conduct of participants of the innovation process. The concept of fixed and situational structures is introduced as the basis for establishing the institution of trust. The recommendations to improve economic security of the venture firm are formulated.
Keywords: innovation, investment, institutions, motivation, control, venture capital transactions, trust, economic security
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