EVALUATION OF EFFICIENCY OF INNOVATION PROJECTS

The article the theoretical and methodological approaches to the evaluation of the investment providing of innovative activity of enterprises are defined and system of indicators are offered. It is defined that the volume of investments directed to financing innovative projects depends on many factors: the size of the enterprise; the expected profitability and riskiness of investing in alternative to innovative activities of the enterprise (in particular, the production of traditional types of products); the expected profitability and riskiness of investing in this innovative project; the existing and those that by the need of the enterprise can attract the volumes of investment resources. The types of the economic effect of investing in the innovation activity of the enterprise and their interrelation are considered. In particular, the current effect of innovation; the retrospective effect of innovation; the predictive effect from the implementation of innovation activity; the cumulative current effect of innovation; the cumulative retrospective effect of the innovation activity; the cumulative predictive effect of the innovation activity; the cumulative effect of the innovation activity. It is proved that the above-mentioned indicators for assessing the economic effect of investing in innovative activities should create the appropriate level of informational support for the process of managing innovation activity at the enterprise, which will allow owners and managers to receive timely, complete and accurate information on the progress of implementation of innovative projects implemented by the enterprise and the expected indicators of those innovative projects to be implemented in the future. The key aspects of the application of the indicator of the cumulative effect of the implementation of innovation activity are substantiated.