On the Effectiveness of Social Entrepreneurship Support in Russia

Abstract

This work aims to analyze the current development of social entrepreneurship in Russia, identify the characteristic features that accompany the development of the phenomenon, and analyze the financial sustainability of modern Russian social enterprises. For this purpose, a comparative analysis of the aggregate of social enterprises, supported by a specialized fund in 2015 is used (data provided by SPARK database). Within the framework of the research, the composition, direction and term of life of social and entrepreneurial projects are analyzed. The study showed that at the current time the analysis of the activities of many social enterprises is significantly hampered by their chosen organizational and legal form of activity, many enterprises are unstable or have ceased operations. This result allows us to conclude that there is a need for comprehensive and long-term support of social and entrepreneurial projects.