INNOVATIVE INVESTMENTS: APPROACHES TO RISK MANAGEMENT IN AN UNCERTAIN ENVIRONMENT

With rapid technological progress and a dynamic market environment, innovative investments are becoming an important tool for sustainable development and competitiveness. However, the high degree of uncertainty inherent in such investments reinforces the need for effective risk management strategies. This article considers the key types of risks, characteristic for innovative projects, as well as modern approaches to their identification, assessment and minimization. Special attention is given to venture financing practices, stage investments, due diligence tools and diversification. Based on the analysis of domestic and foreign experiences, recommendations are formulated to improve the efficiency of innovative investments in conditions of uncertainty.