FINANCING OF INVESTMENT PROJECTS OF INNOVATIVE TYPE: METHODS, SOURCES
Ключевые слова:
innovations, internal financing, Bank credit, equity capital, issue of shares and bonds, venture capital, interest rates, risks, leasing, debt obligations.Аннотация
It is shown that countries can provide high rates of economic growth in the production of high-tech
products with high added value. The transition to an innovative economy with a developed business requires
significant investment in education and science, the development of new products. The most effective methods of
financing innovative projects and domestic enterprises are: own funds of enterprises, joint-stock financing, bank
loans and venture financing, raising funds by placing shares and bonds, leasing. The advantages and disadvantages of
each type of funding sources are noted. The initial stage of financing an innovative firm combines its own and
attracted funds from venture investors (entrepreneurs) and the venture fund to finance research, develop new
products, and launch production. The second stage of financing includes evaluation of the project idea, market
research, and comparison of market needs with the company's production capabilities. After passing the second
stage, it starts production, which is carried out at the expense of entrepreneurs and internal investors, after which it
enters the market and regulates the permanent access system.
