Financial resources of innovative activity in small and medium-sized enterprises

2017 ◽  
pp. 575-579
Author(s):  
A. Zych
Keyword(s):  
Innovative Activity ◽  
Financial Resources

INNOVATION FACTORS AND THEIR FINANCING IN LATVIA

2019 ◽  
pp. 86
Author(s):  
Guna Rundāne
Keyword(s):  
Innovative Activity ◽  
European Countries ◽  
Financial Resources ◽  
Innovation Capacity ◽  
Definition Of

The problem of research is still relatively low innovative activity in Latvia in relation to other European countries based on European Innovation Scoreboard date. The paper discusses the definition of innovation and its essence as well as the factors improving innovation capacity. The paper also lists financial resources avaliable in Latvia, that can be used for development of innovative activities.

scholarly journals PROBLEMS OF FINANCING INNOVATIVE ACTIVITY IN RUSSIA AT THE PRESENT STAGE

2019 ◽  
pp. 47-50
Author(s):  
O. Demenko ◽  
A. Markina
Keyword(s):  
Economic Development ◽  
Innovative Activity ◽  
Financial Resources ◽  
Present Stage ◽  
Internal Factors ◽  
Foreign Investors ◽  
Selection Of

Innovations are an integral part of the economic development not only of individual enterprises, but also of the country as a whole. In this regard, it is important to allocate properly financial resources aimed at maintaining and developing innovative activities. Searching and selection of methods for financing innovations should be carried out taking into account external and internal factors, the neglect of which leads to a lack of financial resources and freezing projects at the initial stages for individual companies and technological, raw or financial dependence on foreign investors for the country.

scholarly journals The financial mechanism of small enterprises innovation activities

2020 ◽  
pp. 195-202
Author(s):  
Viacheslav Riznyk ◽  
Oleh Kalmykov
Keyword(s):  
Interest Rates ◽  
Financial Support ◽  
Banking Sector ◽  
Innovative Activity ◽  
Financial Resources ◽  
Small Enterprises ◽  
Innovative Development ◽  
Competitive Advantages ◽  
Development Models ◽  
Financial Mechanism

Relevance of the research topic. Increasing capital is one of the most important challenges for ensuring sustainability and growth opportunities for small enterprises both in Ukraine and abroad. Successful activities of small enterprises require constant competitive advantages through the implementation of innovative development models. Integration of Ukrainian enterprises into the global economy is impossible without investing in their innovative development, aimed at overcoming the economic lag behind developed countries, because in an era of dynamic globalization changes, competitiveness depends primarily on the ability to implement innovative projects, which requires significant financial resources. Formulation of the problem. Attracting financial resources to the innovative activities of small enterprises is especially problematic. The main reasons for this situation are high interest rates in Ukraine, the reluctance of the banking sector to lend to projects with a high degree of uncertainty and the weak development of non-traditional forms and methods of attracting financing in Ukraine. Analysis of recent research and publications. The problems of innovative activity of small enterprises and the mechanisms of its financial support were investigated by A. Bondarenko, G. Wozniak, O. Denysenko, V. Zianko, A. Kuznetsova, M. Melnyk, V. Nevmerzhitsky, Yu. Nikitin, Dong Xinyin, N. Stasyuk, A. Cherep, S. Khvalynsky and others. Setting goals, research objectives. The aim of the article is to determine the economic content of the financial mechanism and find out the sources of financing the small enterprises innovative activity and to develop ways to increase the efficiency of small enterprises financial mechanism of innovative activity in Ukraine. The method and methodology of the study. The article used a set of methods of scientific research: a systematic approach, structuring, analysis and synthesis, etc. Conclusions according to the article. The article reveals the essence of the financial support mechanism and its specifics for the innovative activity of small enterprises. The necessity of ensuring small enterprises competitive advantages through the implementation of innovative development models is substantiated. It was stated that most Ukrainian enterprises are now experiencing a shortage of their own funds, and attracting investment is problematic. The main reasons for the difficult access of small enterprises to financial resources are analyzed. Directions of increasing small enterprises financial mechanism of innovative activity efficiency are proposed.

MODERN INVESTMENT INSTRUMENTS: POSSIBILITIES FOR INDUSTRIAL ENTERPRISES

2020 ◽  
Author(s):  
Anna Sergeevna Zotova ◽  
◽  
Yan Nikolaevich Leonov ◽  
Keyword(s):  
Innovative Activity ◽  
Industrial Enterprise ◽  
Financial Resources ◽  
Efficiency Enhancement ◽  
Enterprise Development ◽  
Market Environment ◽  
Industrial Enterprises ◽  
Cable Company ◽  
Current Stage

The paper is about the search of new ways of attracting financial resources at the industrial enterprise taking into account market environment and enterprise capacities. The authors study investment possibilities, peculiarities of innovative activity financing and key ways of its efficiency enhancement at the current stage of industrial enterprise development - Pakkard Electric Systems / Samara Cable Company.

scholarly journals DIRECTIONS OF USE OF REGIONAL FUNDS FOR SUPPORT OF SCIENTIFIC, SCIENTIFIC-TECHNICAL AND INNOVATIVE ACTIVITIES

2021 ◽  
Vol 9 (12) ◽  
pp. 343-350
Author(s):  
Y. O. Klimova
Keyword(s):  
Research And Development ◽  
Innovative Activity ◽  
Financial Resources ◽  
Important Condition ◽  
Innovation Activities ◽  
Scientific Technical ◽  
The Creation ◽  
Regional Funds

The article analyzes the trends in R&D expenditures as an important condition affecting the increase in innovative activity. It is indicated that one of the factors that contributes to the growth of funding for research and development is the creation of regional funds for support of scientific, scientific, technical and innovative activities, the budget of which is formed from deductions from the proceeds of companies. It is noted that their creation contributes to the centralization of monetary resources. The purpose of the study is to identify areas for the use of funds from regional funds to support scientific, scientific, technical and innovation activities. Based on the analysis carried out, the main areas were identified to which the financial resources of the funds could be directed and the volume of their use was determined.

scholarly journals Analysis of the Main Trends in the Development of the Sphere of the Innovation Activity in Ukraine

2021 ◽  
pp. 123-128
Author(s):  
N. Diachenko ◽  
◽  
V. Diachenko ◽  
◽  
Keyword(s):  
Financial Support ◽  
International Markets ◽  
The State ◽  
Basic Component ◽  
Innovative Activity ◽  
Financial Resources ◽  
Innovation Activity ◽  
Innovative Development ◽  
Goods And Services ◽  
Research Activities

The article notes that in modern conditions of the transitivity of the economy, the basic component of the mechanism for forming the foundations of sustainable development is to ensure the competitiveness of domestic goods and services in the national and international markets. For the purpose of analyzing the state, pressing problems and prospects of innovative development in Ukraine, quantitative and qualitative indicators of innovative activity have been investigated. It was revealed that during 2010-2019 there was a decrease in the number of organizations engaged in research activities and the number of employees engaged in research and development. It was found that, according to the State Statistics Committee of Ukraine, there is a tendency to an increase in expenditures (in million UAH) on research activities, but this was due to the depreciation of the hryvnia, because in dollar terms, there has been a decrease in the level of funding since 2014. It was revealed that in accordance with the ratings of the European Innovation Scoreboard 2020, Ukraine loses its positions every year – 34th place in 2014, 35th place during 2015-2018, 36th place in 2019 year and the penultimate 38th in 2020, ahead of only Romania. Taking into account the fact that the financial support of innovative activity in Ukraine is still very limited, in order to form the prerequisites for its increase, it is necessary to introduce a set of measures to mobilize existing and potential financial resources, including by attracting investments.

scholarly journals The Current State of Innovative Activity at Ukrainian Enterprises and Its Financing

2020 ◽  
Vol 4 (46) ◽  
pp. 320-325
Author(s):  
N. A. Ischenko ◽  
Keyword(s):  
Negative Impact ◽  
Financial Burden ◽  
Innovative Activity ◽  
Financial Resources ◽  
Innovative Development ◽  
Industrial Enterprises ◽  
Innovation Activities ◽  
Current State ◽  
Role Of The State ◽  
Business Entities

The article aims at studying the trends in the current state of the innovative activity at Ukrainian enterprises and its financing. The current state of the innovative activity at Ukrainian enterprises is analyzed; the financing of such an activity is explored. Trends in the innovation activities of Ukrainian enterprises during 2015–2019 indicate the presence of significant problems and a low level of innovation development, which, in turn, has a negative impact on product competitiveness and economic development, in general. So, according to the Global Innovation Index-2019, Ukraine ranks 47th among 129 surveyed countries. As for industrial enterprises, only 782 of them are innovatively active, making up 15.8% of their total number. It has been found out that the introduction of innovations in industrial enterprises in Ukraine is slowing down due to the lack of financial resources. The financial resources of enterprises remained the main source for funding innovation during 2015–2019. The role of the state in financing innovation is not significant, so almost the whole financial burden falls on business entities, which naturally hinders the increase in the innovative activity at enterprises. The problems of innovative development of enterprises in Ukraine have been identified and it has been established that the current state of innovation is a consequence of the lack of strategic vision and consistent state policy in transiting Ukraine to an innovative development path. The results of the research carried out shows the necessity of designing the Strategy for innovative activity development till 2030.

scholarly journals Use of Markov Chains for Modeling Processes of Strategic Planning of Innovative Activity of the Enterprise

2020 ◽  
Vol 16 ◽  
Keyword(s):  
Strategic Planning ◽  
Markov Chains ◽  
Modeling Processes ◽  
Innovative Activity ◽  
Financial Resources ◽  
Mathematical Apparatus ◽  
Investment Projects ◽  
Innovative Potential ◽  
Reasonable Use ◽  
Activity Strategy

The article investigates the processes of strategic planning of innovative activity of the enterprise as an activity to determine the directions of enterprise innovative activity (strategy), which would be consistent with the available resource provision, innovative potential of the enterprise and meet the needs of the market and have a reasonable use of the mathematical apparatus of Markov chains for its modeling. The article gives examples of practical use of Markov chains in the management of innovative projects, forecasting the structure of the existing land fund of Ukraine, in the tasks of buying and selling shares, allocation of financial resources between executors of investment projects in a closed system, etc. Markov chain is used to model strategic planning of innovative activity of the enterprise.

scholarly journals EFFICIENCY OF SCIENTIFIC AND INNOVATIVE ACTIVITY OF UKRAINIAN UNIVERSITIES IN THE CONTEXT OF FINANCIAL POTENTIAL REALIZATION AND ACADEMIC REPUTATION

2021 ◽  
Vol 1 (22(50)) ◽  
pp. 55-65
Author(s):  
Mykhailo Krupka ◽  
Svitlana Sas
Keyword(s):  
Financial Management ◽  
New Technologies ◽  
Research Work ◽  
Innovative Activity ◽  
Financial Resources ◽  
Innovative Development ◽  
Important Place ◽  
Academic Reputation ◽  
Research Activities ◽  
Scientific Results

The main features of the modern educational and scientific space are the rapid realization of knowledge, the ability to effectively operate scientific results, the development of new technologies and their spread in the world, the competition for intellectual and financial resources. Under such conditions, the ability of universities not only to disseminate but also to create new knowledge through research, to ensure their social and economic efficiency, are the main criteria of global competitiveness. Transforming the domestic science, education and production, defining strategic guidelines for innovative development, ensuring economic growth and the most effective distribution of available resources, especially through the improvement of the universities efficiency in the context of their intellectual, financial potential and academic reputation realization are important tasks of the state on the way to building a competitive national economy. The purpose of the article is to identify and evaluate the relationship between the results of research activities at Ukrainian universities, their financial potential and academic reputation. In accordance with the objectives, the article describes the existing sources and organization of academic research financing at Ukrainian state higher education institutions (HEIs), the scientific and innovative activity efficiency indicators are systematized, the comparative analysis of results of research work of universities of Ukraine taking into account sources and volumes of their financing is carried out and the interrelation between these indicators of scientific and innovative activity is estimated. The object of the study are the classical universities of Ukraine, which occupy leading positions in the national rankings of HEIs, in particular the ranking of universities according to Scopus. Analyzing with the help of information posted on the websites of the HEIs, the sample indicators of scientific and innovative activities of universities, their staffing and financial support, it was found that not always the scale of HEIs in its quantitative dimension affects efficiency. The analysis showed that there is no direct relationship between the financial potential of universities and the achievement of the highest scientific results. Thus, the amount of funding for scientific activities has a significant impact on the level of achievement of HEIs and its employees, but is not always used effectively. Important in the market environment is effective financial management, diversification of funding sources, targeted use of financial resources provided for research and innovation of universities, which in globalization allows to ensure a high level of research, an important place of Ukrainian universities in world science and international rankings, their competitiveness, among others, as well as the innovative development of the country as a whole.

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