Abstract
This article considers the features of sustainable development of rural territories, identifies the factors of innovative entrepreneurship, and assesses their influence on the condition of rural economy. Special attention is paid to the analysis of concepts, programmes, and projects in the field of rural territory development. The authors summarise conceptual and strategic approaches and actions of the Baltic region states in the field of sustainable development of rural territories. The article identifies common for the Baltic regions objectives relating to sustainable condition of rural territories, including sustainable use of natural resource potential, diversification of production through support for non-agricultural activities and employment, application of innovations and efficient technologies, and manufacturing of environmentally friendly products. The analysis of agricultural development and innovative component in the Baltic Sea regions serves as the basis for identifying the factors and conditions of support for innovative entrepreneurship. Of special importance are the research, technological, and innovative potential of the territory, the availability of adequate innovative infrastructure, and the formation of innovative culture. The authors corroborate the idea of innovative entrepreneurship development in rural territories through the transformation of organisational and economic mechanism of management relating to the creation of institutional, infrastructure, and spatial conditions. Research and technological cooperation in the Baltic region is emphasised as a priority area.
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