MODERN DRIVERS OF INNOVATIVE ENTREPRENEURSHIP DEVELOPMENT: UKRAINIAN REALITIES AND EUROPEAN EXPERIENCE

Keywords: innovative entrepreneurship, start-up projects, innovations, entrepreneurship ecosystem, development drivers, European experience

Abstract

The crisis conditions of the functioning of the domestic economy put special emphasis on the need to find effective tools and mechanisms for overcoming negative trends and ensuring its recovery. One of these mechanisms is the activation of innovative entrepreneurship. Based on the results of the research, it was proposed to understand innovative entrepreneurship as a business activity based on the use of advanced technologies, the search for new products and markets that form additional competitive advantages and contribute to the development of socio-economic relations. Innovative entrepreneurship as a specific type of entrepreneurial activity is determined by a number of characteristic features, in particular, the important role of intellectual property, initiative and innovative thinking, risk-taking, the presence of economic and social obligations, the scale of thinking. The role of innovative entrepreneurship in the development of socio-economic relations determines the need for its activation, which defines the expediency of identifying the drivers of the development of innovative entrepreneurship. Among the most significant drivers of the innovative entrepreneurship development, taking into account domestic realities and European experience, the following should be included: improvement and modernization of the infrastructure of innovative entrepreneurship, as a result – the formation of an appropriate ecosystem, the integration of entrepreneurial activity and the scientific component through the creation and promotion of the development of technological platforms, the creation and development of cross-border industrial parks, formation of an effective system of state support for innovative entrepreneurship, improvement of the system of financial support, development of the culture of innovative entrepreneurship. Taking into account the identified drivers of development is a prerequisite for ensuring the effectiveness of management in the identified area. Prospects for further research consist in the identification and study of effective tools of managerial influence on the identified drivers of the development of innovative entrepreneurship.

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Published
2024-08-26
How to Cite
Zinchuk, T. (2024). MODERN DRIVERS OF INNOVATIVE ENTREPRENEURSHIP DEVELOPMENT: UKRAINIAN REALITIES AND EUROPEAN EXPERIENCE. Economy and Society, (66). https://doi.org/10.32782/2524-0072/2024-66-125
Section
ENTREPRENEURSHIP, TRADE AND STOCK EXCHANGE ACTIVITY