Financial Support for the Development of Innovation Activities

Abstract

The ability to innovate determines the competitive level of enterprises in modern economic conditions. It essentially depends on the level of innovation activity, which is impossible without adequate financial support. The question of financial security is relevant if we consider the shortage of our own financial resources and the complexity of attracting investments. The purpose of the work is to study the innovation activity of Ukrainian enterprises by sources of their financing and the development of practical recommendations for choosing the optimal model of influence on innovation efficiency of innovation support. Results of the research - a rating assessment of the development of innovation activity in Ukraine was carried out and a correlationregression analysis was conducted to assess the impact of innovation support on innovation efficiency. The practical significance of the results obtained is the application of correlation-regression analysis, which makes it possible to assess the impact of innovation support on innovation efficiency and to implement the forecast of enterprise innovation development.