The Current State of Innovation Activity of Enterprises, Institutions, Organizations of Kirovohrad Region and Their Problems Cover Image

Сучасний стан інноваційної діяльності підприємств, установ, організацій Кіровоградської області та його проблеми
The Current State of Innovation Activity of Enterprises, Institutions, Organizations of Kirovohrad Region and Their Problems

Author(s): Lyudmyla Filstein, Asiy Budulatiy, Vladyslava Budulatiy
Subject(s): Politics / Political Sciences, Politics, Economy, Business Economy / Management, Micro-Economics, Economic policy, Socio-Economic Research
Published by: Кіровоградський національний технічний університет
Keywords: innovation activity; enterprises and organizations; region; innovation potential; industrial complex; agrarian sector; products; economic processes;

Summary/Abstract: The objective of the article is to study the current state and problems of the innovation activity of enterprises and organizations in the region, to generalize the received information for the development and implementation of measures for qualitative reform and increase of the region's economy efficiency, ensuring of its development on an innovative basis.Summarizing the main economic processes in Kirovograd region and the results of the survey of innovation development of region enterprises state, it is necessary to note the unsatisfactory development of industry innovation activity, the results indicate that in the conditions of legislation instability, low investment rating of Kirovograd region, lack of financial and investment fund and tense relations with individual countries, there is a risk of lowering business investment activity in the region.This is facilitated by the decline in solvent demand for scientific technical products by the state and the business sector, the deterioration of scientific personnel qualitative characteristics and the material technical base of the research and a number of equally important factors.At the same time, Kirovograd region has significant potential for the innovation activity development under conditions of effective state and regional policy. However, despite the high innovation potential, the innovative component of the economic development of the region is poorly used.In order to create a system that will ensure effective innovation development, it is necessary to develop an innovation-investment strategy that would provide resource support for the subjects of the region's economic activity, the development of which takes place under conditions of constant negative change of internal and external factors.