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Development of Innovative Business on Principles Public-Private Partnerships

Journal: Quarterly Scientific Journal "Economic Herald of the Donbas" (Vol.42, No. 4)

Publication Date:

Authors : ; ;

Page : 139-145

Keywords : innovative entrepreneurship; small businesses; revitalization; development; effective form; public-private partnership; methods of analysis; indicators; factors; sources of funding; proposals;

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In the paper performs the SWOT-analysis of innovative business in Ukraine. The major indicators of innovative activity in Ukraine are analyzed. The factors, that inhibit the activation of the functioning of small and medium enterprises in innovation, are investigated, among which: insufficient infrastructure to support innovative entrepreneurship; insufficient budgetary funds for scientific and technical sphere; the lack of venture capital and the underestimation of the stock and mechanisms; insufficiently stable financial condition of enterprises; a weak stimulation of the development of innovative financing of non-state (lack of venture financing); administrative barriers (according to foreign experts, to 8% of revenue spent by entrepreneurs on overcoming administrative barriers); lack of an integrated legal support of innovative entrepreneurship; lack of motivation on the part of entrepreneurs for using the results of scientific research budget in innovation; lack of effective development of innovative entrepreneurial environment; insufficient level of innovation culture; limited access to information innovation environment; lack of support for small innovative businesses at regional level.The results of this research suggest the need to address the major challenges for the development of innovative business in Ukraine in the contemporary economy. Among them: creating an enabling institutional, structural, legal and other condition for the development of innovative entrepreneurship in the industrial sector and the service sector, including through the extensive use of technology ?single window?; formation of an effective competitive sector of innovative business based on strategic relations with big business, synergy with governments at the regional and local levels; the accelerated growth and sustainability of innovative entrepreneurship by improving the development and support of small and medium-sized enterprises, strengthening the role of innovative entrepreneurship in the gross regional product in terms of intensification of regional development in Ukraine, improving the quality of life in cities and regions.The proposals to enhance the development of innovative entrepreneurship as the effective form of public-private partnership in Ukraine are developed. To improve the situation in the innovative business in the short term expedient implementation of a number of the following activities: analysis of the actual state of development of innovative business; increase in the number of small enterprises in innovation, as close to the standards of building an innovative economy (60-80%); creating the conditions for small businesses to reduce costs by introducing new products to improve competitiveness; ensure access of small innovative businesses to various sources of funding in order to reduce the costs of the introduction of innovative products; implementation of the selection of projects that require subsidies; formation of a system of training for the innovation sphere, which in the future should be gradually integrated into the international system; the creation of the state of scientific and methodological center of a multi-level system of training specialists in the field of innovation; formation of innovative infrastructure objects, for example, a consortium whose main task should be to find and implementation of large innovative projects related, usually with the use of new technologies.

Last modified: 2016-11-24 20:51:10