Current trends of financing the innovative activity of industrial enterprises of Ukraine

Abstract

The article aims to determine current trends in financing the innovative activities of industrial enterprises of Ukraine using statistical methods and theoretical and methodological tools. The methodology of the research on the financing of innovation activities of industrial enterprises includes the use of several general scientific and special methods. In particular, when developing the source base of the researched issues, the authors used the method of unity of historical facts and logical conclusions. Concerning special methods, the authors were guided by observation, analysis and synthesis when conducting vertical and horizontal analysis of state and quality indicators of financing the innovative activities of industrial enterprises and changes in the number of such enterprises. Also, the comparison method was used to analyze the state of financing the innovative development of enterprises abroad and in Ukraine. The scientific novelty of the study is to identify the main deterrents in the financing of innovative activities of industrial enterprises of Ukraine and provide recommendations, applying the experience of other countries. Over the last decade, Ukraine has suffered from several risks, both at the macro level and at the level of the real sector of the economy, which affected the level of innovation in the country. However, despite more negative than positive trends in innovation, industrial enterprises in Ukraine still focus on innovation. The issue of financing remains problematic, as it is more a concern of the industrial enterprises themselves. Therefore, the state should take care of the development of innovations and promote industrial enterprises by increasing funding. Conclusions. Thus, the conditions of financing of innovative activity of the enterprises of Ukraine are not stable, but they are also not critical. Considering the strengths in financing the innovations of the neighbouring countries, it is necessary to consider possible options for improving the innovation potential of industrial enterprises in Ukraine. However, the risks that may become an obstacle are worth considering. One of the most significant is still the risk of the country with an unstable macro-situation and many political and social problems. Key words: innovative activity, industrial enterprises, innovations, expenses, financing.