Modern Realities and Perspective Directions of the State Regulation of Entrepreneurship Innovative Development Cover Image

Сучасні реалії та перспективні напрямки державного регулювання інноваційного розвитку підприємництва
Modern Realities and Perspective Directions of the State Regulation of Entrepreneurship Innovative Development

Author(s): Halyna Palchevych
Subject(s): Economy, National Economy, Business Economy / Management, Micro-Economics, Socio-Economic Research
Published by: Кіровоградський національний технічний університет
Keywords: innovative development; entrepreneurship; innovation; regulation; innovation process; tax incentives; preferential loans

Summary/Abstract: It has been proved that the foundation of achieving by enterprises competitive advantage in the surrounding business environment is intellectualization of production and introduction of new technologies. The main factors shaping the innovation capacity of enterprises and the principles of operation of innovative enterprises have been considered. The tasks and functions of the innovation enterprise policy, particularly state support business innovation at various stages of the life cycle of innovation have been investigated. The methods of tax incentives for innovation activity have been considered. in the international practice areas to The ways of encouraging of innovation activities of enterprises by providing tax incentives have been substantiated. The proposals to stimulate lending activity of banks in business innovation have been elaborated, in particular: permission to banks to use with credited enterprises the results of innovation and take profits from such use; reducing the income tax rate of banks that provide long-term loans to enterprises to increase the amount of resources invested in financing projects of restoration and modernization of production. The necessity of using as instruments of state regulation of innovation activity the special investment regimes, preferential loans, government support of commercial banks in providing innovative loans have been proved.