Mechanism of financial support of innovation activities in Ukraine

Authors

  • Iryna Fedyshyn Ternopil Ivan Puluj National University Author
  • Yaryna Pylypyuk Ivan Franko National University of Lviv Author

Keywords:

foundation, investment resources, venture capital, benefits, innovation activity, objects of financing

Abstract

The article deals with the mechanism of financial support of innovation activities in Ukraine. It offers a definition of the system of financing of the innovation activities and characterizes its main components, namely,  objects of financing, state institutions and foundations of the national, regional and municipal importance and non-governmental agents. The author analyzes forms of state financing of innovation activities (direct and indirect methods of financial stimulation). The main problems of innovation companies regarding the access to finances are identified. The article deals with specificities of functioning of joint investment institutes and effectiveness of investing of venture capitals in the innovation activity in Ukraine. The author made an analysis of the specific weight of sources of innovations financing in 2013 – 2014 and offered proposals regarding improvement of the use of methods and means of Ukraine’s innovation activities financing

Author Biographies

  • Iryna Fedyshyn, Ternopil Ivan Puluj National University

    Ph.D (Economics), Assistant, Department of Management of Innovation Activity and Entrepreneurship

  • Yaryna Pylypyuk, Ivan Franko National University of Lviv

    Ph.D student, Department of Finance, Monetary Circulation and Credit

Title_February_2024

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Published

2024-02-15

Issue

Vol. 3 No. 1 (2024)

Section

Articles

License

Copyright (c) 2024 Iryna Fedyshyn, Yaryna Pylypyuk

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This work is licensed under a Creative Commons Attribution 4.0 International License.

All articles published in the International Journal of Economics and Society (IJES) are licensed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0).

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