A link, necessary for effective development of innovative economic sector, is being formed in Russia now. This indispensable link is "business-angels". Creation of transparent regional associations or networks of business-angels should make this process noticeably active. For this purpose it is necessary to study foreign experience and go along the well-tracked road adjusting to specificity of Russian mentality.
The article is dedicated to fiscal incentives for business angels. Business angel, a comparatively new phenomenon in Russia, is defined in the first part of the article. The second part is a research of fiscal incentives intended for private investors in order to encourage them to support small innovative enterprises. The research is based on European and North American experience. Finally, the third part suggests the ways of creating a system of fiscal incentives for business angels in Russia.
Abstract: Nowadays innovation development and creation of the link between science and business becomes actual more and more. This problem could be decided by making conditions which facilitate innovation ecosystem emergence. Theoretical aspects of innovation ecosystem are considered in the article. By the example of Silicon Valley, case study of innovation ecosystem is observed. As a result of the paper, we provide some recommendations on innovation ecosystem emergence and management.