CURRENT TRENDS OF FINANCING OF INNOVATIVE ACTIVITY ENTITIES IN UKRAINE

Анотація

Urgency of the research.In the current market conditions one of the main directions for improvement offinancial performance ofbusiness entitiesis their innovative development. The article highlights the relevance of research issues related to theanalysis of the main trends of innovative activity financing.Target setting. Availability of sufficient financial provision serves as the basis foreffectiveinnovative activity, while reali-ation of competitive advantages through the use of innovationsis only possible under conditions ofstablebusiness ac-tivity. Actual scientific researches and issues analysis. Numerous scientific works of national and foreign researchers are dedicated to the urgent issues of financing of innovative activity of business entities: Atkinson R., Kerr W., LupakR.Uninvestigated parts of general matters defining.Due to the dynamics of economic situation in Ukraine there is actual necessity ofinvestigating theissuesof financing of inno-vative activityof business entities, as well as determining thepotential of the main financial resources.The research objective.The purpose of the following article is to study the current trends of financing of innovative activity entities in Ukraine.The statement of basic materials.The article indicates certain relationship between the volumes of innovation financing and release ofinnovative products. Retrospective analysis of innovative activity in the economy of Ukraine within the time range of2010-2015 has revealedthe existence of three trends:transformation ofsectoral structure of innovatively activeenterprises; increase in the shareof business entities thathave already implementedsome technological innovations; decrease in the intensity degreeof cooperationbetween the enterprises andscientific institutions. Conclusions. The researchhas been carried out provingthe presence of contradictorytrends in the process of financ-ingof innovative activity inUkraine.

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