CURRENT TRENDS OF FINANCING OF INNOVATIVE ACTIVITY ENTITIES IN UKRAINE

Abstract

Urgency of the research. In the current market conditions one of the main directions for improvement of financial performance of business entities is their innovative development. The article highlights the relevance of research issues related to the analysis of the main trends of innovative activity financing. Target setting. Availability of sufficient financial provision serves as the basis for effective innovative activity, while realization of competitive advantages through the use of innovations is only possible under conditions of stable business activity. Actual scientific researches and issues analysis. Numerous scientific works of national and foreign researchers are dedicated to the urgent issues of financing of innovative activity of business entities: Atkinson R., Kerr W., Lupak R. Uninvestigated parts of general matters defining. Due to the dynamics of economic situation in Ukraine there is actual necessity of investigating the issues of financing of innovative activity of business entities, as well as determining the potential of the main financial resources. The research objective. The purpose of the following article is to study the current trends of financing of innovative activity entities in Ukraine. The statement of basic materials. The article indicates certain relationship between the volumes of innovation financing and release of innovative products. Retrospective analysis of innovative activity in the economy of Ukraine within the time range of 2010-2015 has revealed the existence of three trends: transformation of sectoral structure of innovatively active enterprises; increase in the share of business entities that have already implemented some technological innovations; decrease in the intensity degree of cooperation between the enterprises and scientific institutions. Conclusions. The research has been carried out proving the presence of contradictory trends in the process of financing of innovative activity in Ukraine