Features of financing innovative activities of enterprises

The purpose of the research is to identify the main problems and propose ways to solve them by analyzing the essence and meaning of innovation activities, measures of state support for innovation, as well as indicators of financing innovation activities of domestic enterprises in modern conditions.

Methodology. Authors used general scientific methods of analysis and synthesis, methods of summarizing the results of scientific research, literature review, comparison and expert assessment.

Originality / value of the research lies in the fact that the innovative path of economic development involves providing competitive advantages based on the creation of high-tech industries and the modernization of existing ones. Despite the fact that a lot of work has been done in our country to support the innovative activities of domestic enterprises, they cannot show advanced innovative development. The study examined the factors contributing to the inability to carry out innovation activities at domestic enterprises, among which it was found that lack of funding is one of the main reasons.

Findings. As a result of the research, the types of financing of innovation activities were considered and the possibilities of their application in improving the financing of innovation activities of domestic enterprises were proposed. In particular, specific recommendations were given on improving state financing of innovation activities of domestic enterprises, providing tax incentives to enterprises engaged in innovation activities, stimulating research and development work on the basis of domestic enterprises, and strengthening ties between science and production.

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