Development of innovative entrepreneurship in Ukraine

Abstract

The article considers the problem of development of innovative entrepreneurship in Ukraine. The modern tendencies of development, both business sector, and its innovatively active part have been analyzed. It was revealed that for the previous years the financial and intermediary sector of the economy, which provides an incomparable level of income incomparable with real production, has received hypertrophied development and practically does not create added value. After all, financial intermediary activities bring relatively high returns, while they are relatively low risk, and the activity of the real sector of the economy - the production sector - has the opposite ratio, that is, it is relatively low-yielding, with a profitability of no more than 5%, but relatively risky. Critically high degree of imbalance in unevenness and imbalance in the structure of sources of financing innovative activities of industrial enterprises is maintained: the share of enterprises 'own funds for financing innovative activities is growing and the share of foreign investors' funds has dropped significantly, which indicates a crisis and high degree of risk and instability of the country's economy and innovative business activities. To overcome technological backwardness due to the disproportions that have developed in innovative entrepreneurship, it is necessary to build a system of technological entrepreneurship. It is expedient to build it using an iterative approach. Proposed 9 steps, which include: determining the priorities for technological development of the country for a long-term period; development of the concept of state policy for the development of innovative goods markets based on the use of the potential of technological entrepreneurship; creation of an effective system of communication between organizations engaged in research and development, among themselves and with other socio-social, entrepreneurial and state institutions, the link between society, the state, science, education and entrepreneurship; the development of a system of cooperation between science and entrepreneurship; creation of technological platforms; introduction of the concept of network interaction, which is an important mechanism for implementing the state policy for the development of innovative goods markets based on the use of the potential of technological entrepreneurship; improvement of development institutions as one of the most important instruments of state policy, stimulating innovation processes and infrastructure development using public-private partnership mechanisms; selection of priority markets for innovative products for building an effective system of technological entrepreneurship; linking STP elements, as well as an institutional basis with priority markets for innovative products.

Authors and Affiliations

O. Bondarenko

Keywords

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  • EP ID EP269724
  • DOI -
  • Views 86
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How To Cite

O. Bondarenko (2017). Development of innovative entrepreneurship in Ukraine. Науковий журнал "Економічний вісник Донбасу", 4(50), 165-171. https://europub.co.uk/articles/-A-269724