ENTREPRENEURIAL ECOSYSTEM IN UKRAINE AND POLAND: A COMPARATIVE ANALYSIS

Анотація

This paper investigates the Polish and Ukrainian entrepreneurial ecosystems using Isenberg's entrepreneurial ecosystem approach and analysis based on the evaluation of the innovative reports. The assessment of the Ukrainian entrepreneurial ecosystem confirmed that Ukraine has an unbalanced entrepreneurial ecosystem and could be classified as the first type of entrepreneurial ecosystem development. Ukraine has an Innovation-friendly environment for business and a strong Broadband penetration dimension. Poland's entrepreneurial ecosystem is characterized by the more rapid growth of venture business, including active support for startups by venture investors and encouragement of high-tech innovation projects implementation. The mutual advantage for Ukraine and Poland is the Employment impact dimension. Still, the drivers of this strong dimension are different -Employment in fast-growing enterprises in Poland and the Employment knowledge-intensive activities metric for Ukraine. The common weakness identified for both countries is the Attractive research system dimension. In terms of investments, it is worth noting that in Ukraine, nearly 89% are invested by the USA findings of growth-stage startups and only 2% by local venture capital investors. Furthermore, the Polish funds have invested almost 50% in Polish companies, and public programs in Poland supported about 55% value of transactions. The comparative analysis of the Polish and Ukrainian entrepreneurial ecosystem showed that it is needed to increase the attractiveness of the research system and financial support of innovation activity in Ukraine and develop attractive research systems and linkages in Poland. Also, based on the analysis, Ukraine and Poland still lack entrepreneurial mindsets, but the younger generation is more open to starting their businesses.

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