MODERN SOURCES FOR FINANCING INNOVATIVE PROJECTS AT THE INDUSTRIAL ENTERPRISES IN THE CONDITIONS OF INSTABILITY OF MARKET ENVIRONMENT

Journal Title: Сталий розвиток економіки - Year 2018, Vol 39, Issue 2

Abstract

Purpose. The aim of the article is to research of the latest sources of financing of innovative projects; identification of modern trends in the financing of innovation activities, in particular, crowdfunding; assessment of financing features through the use of venture capital and financing of business angels at industrial enterprises in Ukraine; identification of problems in the field of financing innovative projects and the formation of ways to solve them at industrial enterprises. Methodology of research. The solution of the tasks set in the article is carried out with the help of such general scientific and special methods of research, namely: the method of analysis and synthesis, economic generalization – to study the existing sources of financing innovative projects; a dialectical approach – to determine modern trends in the financing of innovation activities, the main types; statistical method of data processing – in assessing the peculiarities of financing innovative projects at industrial enterprises of Ukraine; the method of comparisons and generalizations – to distinguish problems in the field of financing innovative projects, finding ways to solve them at industrial enterprises. Findings. The modern sources for financing innovative activity are described. It is revealed that the most promising directions of financing innovative projects are crowdfunding, venture funds and financing with the help of business angels. The process of spreading of crowdfunding in Ukraine and in the world is considered. The level of development of innovative activity at industrial enterprises is analyzed. The problems of financing innovative projects of industrial enterprises of Ukraine and ways of their solution are formulated. Originality. It is substantiated that modern sources of financing of innovative projects will allow industrial enterprises to innovate in the process of their activity rationally and economically, which, unlike traditional sources, allow innovating and obtaining expected results much faster. Practical value. The main scientific provisions of the article can be used in the practice of industrial enterprises, which will facilitate the rapid accumulation of financial resources and the subsequent use of funds for innovative purposes.

Authors and Affiliations

Yuliia Shvets

Keywords

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  • EP ID EP541352
  • DOI -
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How To Cite

Yuliia Shvets (2018). MODERN SOURCES FOR FINANCING INNOVATIVE PROJECTS AT THE INDUSTRIAL ENTERPRISES IN THE CONDITIONS OF INSTABILITY OF MARKET ENVIRONMENT. Сталий розвиток економіки, 39(2), 86-92. https://europub.co.uk/articles/-A-541352