Abstract
Technological entrepreneurship and innovation are becoming one of the main driving forces for the economic and sustainable development of national economies. Thoroughly analyzed, therefore, in the present paper are the sources of funding for the Bulgarian enterprises driven by technology-based entrepreneurship and innovation. Their role is equally considered on the basis of indicators such as: performed innovations and obtained sources of funding for the technological enterprises, the country’s share of high technology exports, and others. Special focus is given on the barriers created to the enterprises associated with technological entrepreneurship and innovation in Bulgaria.
Highlights
Observed globally, over the past few decades, have been dynamic processes of scientific and technical development referred to as “scientific and technological revolution”
The paper offers a detailed analysis of the main means of financial support available to technological entrepreneurship and innovation through multiple European Union (EU) programmes and funding instruments
The “Innovation and Competitiveness” operational programme is the one ensuring the greatest contributions to the field of technological entrepreneurship and innovation. [4,6].The specific objectives within the programme priorities are set to: - provide technical assistance in the development of innovative ideas, innovation implementation and technology transfer within the enterprises; - promote the cooperation between business companies and research organisations through joint participation in initiatives that lead to successful innovation implementation, protection of intellectual property and effective research dissemination; - encourage innovative infrastructure construction that reinforces and sustains the enterprise’s innovation activities
Summary
Over the past few decades, have been dynamic processes of scientific and technical development referred to as “scientific and technological revolution”. [4,6].The specific objectives within the programme priorities are set to: - provide technical assistance in the development of innovative ideas, innovation implementation and technology transfer within the enterprises; - promote the cooperation between business companies and research organisations through joint participation in initiatives that lead to successful innovation implementation, protection of intellectual property and effective research dissemination; - encourage innovative infrastructure construction that reinforces and sustains the enterprise’s innovation activities Another programme giving prominence to the technological entrepreneurship and innovation in Bulgaria is the COSME (Competitiveness of Enterprises and Small and Mediumsized Enterprises) programme [4].The main priority sectors supported by the programme ascribed to high-tech industries are: the pharmaceutical industry, the production of information and communication equipment, information technology activities, information services, research and development. The funding sources received by the technological enterprises were utilized for innovation implementation in the introduction of virtual and augmented reality applications in the manufacturing processes; manufacturing automation and robotization; Internet of Things deployment; 3D printing acquisition; installation of a customer service cybersecurity system (Fig.3)
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