Analysis of the impact of financial system elements of Ukraine at objects of innovation activity 

Abstract

The article considers the influence of the elements of the financial system at objects of innovation activity in Ukraine. The definition of the financing system of innovative activity and characteristics of its basic elements: financing facilities, government institutions and funds at national, regional and local significance and non-state agents are given. The forms of public funding of innovation activities (direct and indirect methods of financial incentives) are analyzed. In the article the features of functioning of joint investment institutions and the effectiveness of investments of venture capital funds into innovative activities in Ukraine are viewed. It was found that venture capital is not a basic or sufficient to stimulate high-tech development in Ukraine, since venture capital funds tend to invest in construction, recycling of agricultural production, food processing, retail trade. The analysis of the proportion of funding sources of innovation for 2013-2014 years is made. Proposals for improvement of methods application and means of financing of innovative activity in Ukraine are given.

Authors and Affiliations

Iryna Fedyshyn, Tetjana Poljanchych, Yaryna Pylypyuk

Keywords

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  • EP ID EP112194
  • DOI -
  • Views 57
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How To Cite

Iryna Fedyshyn, Tetjana Poljanchych, Yaryna Pylypyuk (2015). Analysis of the impact of financial system elements of Ukraine at objects of innovation activity . Соціально-економічні проблеми і держава, 13(2), 245-252. https://europub.co.uk/articles/-A-112194