INVESTING IN INNOVATIVE ACTIVITIES AT DIFFERENT STAGES OF AN ENTERPRISE LIFE CYCLE
Tavkhitova E.Ru.1 (Ufa, Russian Federation) – firstname.lastname@example.org
1Ufa University of Science and Technology
Abstract. Modern conditions for the functioning of economic entities indicate that monitoring and forecasting changes in the markets for goods and services, establishing the relationship between them are difficult. Accordingly, business entities need to focus on adapting to constantly changing situations. Changing conditions include innovation activity. Recently, an increasingly relevant and important lever for the development of the state at the micro and meso levels is innovation, which can develop rapidly with the attraction of the required amount of investment. Investments for innovation are the main source of implementation of the entire innovation process. The scientific article presents the results of the analysis of the characteristics of the methodology for choosing sources of financing for innovative activities and investing in the implementation of innovation-oriented projects of the organization at various stages of the life cycle. The relevance of the research on the selected issue is due to the prospect of increasing the volume of investment in innovation, which is supported by the desire of enterprises to carry out a digital transformation of business, products and management technologies. Consideration of investment in innovation activities at various stages of the life cycle will allow enterprises to conduct an analysis to plan the necessary actions under the influence of adverse factors. The paper considers the problems that affect the attraction of investment in innovation. To solve problems, comprehensive attention is drawn to increasing investment attractiveness to ensure innovative activities in Russia. The traditional and alternative ways of financing innovation activity, as well as the current state of investing in innovation activity in the Russian Federation are analyzed. The role of venture financing in attracting investments by innovative projects is considered.
Keywords: innovative activity; innovative projects; financing; investment; sources of financing; sources of investment; investment efficiency; venture financing, life cycle.
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For citation: Tavkhitova E.Ru. Investing in innovative activities at different stages of an enterprise life cycle. CITISE, 2023, no. 1, pp. 458-470. DOI: http://doi.org/10.15350/2409-7616.2023.1.39