FINANCIAL ASPECTS OF INNOVATIVE DEVELOPMENT
Journal: Економіка та суспільство
Year: 2023

Innovation is a key factor in economic growth and competitiveness. It enables businesses to create new products and services, which increases their efficiency and profitability. However, innovation is costly. It requires significant financial resources, which are not always available to enterprises. This is one of the main problems hindering the innovative development of the economy. The purpose of this article is to study modern approaches to financing innovations, identify the factors that inf