Search engine for discovering works of Art, research articles, and books related to Art and Culture
ShareThis
Javascript must be enabled to continue!

DEVELOPMENT OF INNOVATION PARKS: FINANCIAL AND DIGITAL ASPECTS

View through CrossRef
Introduction. The development of innovation parks is a key factor in stimulating innovation and economic growth. The financial aspect plays an important role in this process, as it provides funding for research, development and commercialization of new ideas and technologies. In particular, digital technologies make it possible to optimize resource management, provide access to financing through online platforms, and facilitate cooperation between different participants in the innovation ecosystem. Digital aspects also include the use of information technology to create innovative environments, virtual platforms for collaboration and knowledge sharing, as well as the application of artificial intelligence and data analysis for forecasting and risk management. The development of digital tools can improve the efficiency and competitiveness of innovation parks, contributing to their sustainable development and attracting new participants and investors. The purpose of the article is to consider the features of the development of innovation parks from the point of view of sources of financing and implementation of their activities under the influence of digital technologies. Results. In the presented work, the concept of "innovation park" is clarified, the main components of the process of formation of an innovation park are defined. The main features of the financial and digital aspects of the development of innovation parks are also determined. A methodical approach to the development of the innovation park is proposed, taking into account financial and digital aspects. Conclusions. The development of innovation parks in modern conditions requires an integrated approach, in which financial and digital aspects play a key role. Financing innovative initiatives, research and development of new technologies is an important element of the successful functioning of innovation parks. Ensuring stable and accessible financing promotes the development of an innovation environment and attracts new technology startups and companies. At the same time, digital technologies open up new opportunities for optimizing management, collaboration and communication in innovation parks. The introduction of digital tools makes it possible to increase the efficiency of processes, ensure access to information and resources, and also stimulates innovative initiatives. Thus, the successful development of innovation parks depends on a competent combination of financial and digital strategies, which will contribute to the creation of a favorable environment for innovative entrepreneurship and ensure the sustainable development of the innovation ecosystem.
West Ukrainian National University
Title: DEVELOPMENT OF INNOVATION PARKS: FINANCIAL AND DIGITAL ASPECTS
Description:
Introduction.
The development of innovation parks is a key factor in stimulating innovation and economic growth.
The financial aspect plays an important role in this process, as it provides funding for research, development and commercialization of new ideas and technologies.
In particular, digital technologies make it possible to optimize resource management, provide access to financing through online platforms, and facilitate cooperation between different participants in the innovation ecosystem.
Digital aspects also include the use of information technology to create innovative environments, virtual platforms for collaboration and knowledge sharing, as well as the application of artificial intelligence and data analysis for forecasting and risk management.
The development of digital tools can improve the efficiency and competitiveness of innovation parks, contributing to their sustainable development and attracting new participants and investors.
The purpose of the article is to consider the features of the development of innovation parks from the point of view of sources of financing and implementation of their activities under the influence of digital technologies.
Results.
In the presented work, the concept of "innovation park" is clarified, the main components of the process of formation of an innovation park are defined.
The main features of the financial and digital aspects of the development of innovation parks are also determined.
A methodical approach to the development of the innovation park is proposed, taking into account financial and digital aspects.
Conclusions.
The development of innovation parks in modern conditions requires an integrated approach, in which financial and digital aspects play a key role.
Financing innovative initiatives, research and development of new technologies is an important element of the successful functioning of innovation parks.
Ensuring stable and accessible financing promotes the development of an innovation environment and attracts new technology startups and companies.
At the same time, digital technologies open up new opportunities for optimizing management, collaboration and communication in innovation parks.
The introduction of digital tools makes it possible to increase the efficiency of processes, ensure access to information and resources, and also stimulates innovative initiatives.
Thus, the successful development of innovation parks depends on a competent combination of financial and digital strategies, which will contribute to the creation of a favorable environment for innovative entrepreneurship and ensure the sustainable development of the innovation ecosystem.

Related Results

Statistical abstract: 2021
Statistical abstract: 2021
In 2021, recreation visits to National Park Service (NPS) sites rebounded from the COVID-19 pandemic-driven low visitation of 2020 and climbed to 297,115,406 recreation visits. Thi...
Innovation and economic growth: evidence from financial institutional innovation
Innovation and economic growth: evidence from financial institutional innovation
Innovation is the key to bringing changes in the traditional financial system. Innovation in the financial system being new financial products, hybrid financial institutions and ne...
Architectural Evaluation of Eco-Industrial Parks within the Scope of Sustainable Human Development Goals
Architectural Evaluation of Eco-Industrial Parks within the Scope of Sustainable Human Development Goals
This study makes an architectural evaluation of eco-industrial parks within the scope of sustainable human development goals. Eco-industrial parks are areas of critical importance ...
Financial Advisory LLM Model for Modernizing Financial Services and Innovative Solutions for Financial Literacy in India
Financial Advisory LLM Model for Modernizing Financial Services and Innovative Solutions for Financial Literacy in India
Abstract Dynamically evolving financial conditions in India place sophisticated models of financial advisory services relative to its own peculiar conditions more in demand...
Interventions designed to improve financial capability: A systematic review
Interventions designed to improve financial capability: A systematic review
AbstractBackgroundThere is growing recognition that people need stronger financial capability to avoid and recover from financial difficulties and poverty. Researchers are testing ...
The role of innovation parks in shaping modern urban landscapes: a socio-economic and environmental perspective
The role of innovation parks in shaping modern urban landscapes: a socio-economic and environmental perspective
Policies and the creation of innovation parks have become a major global phenomenon significantly influencing the economic, societal, and ecological environments of urban centers. ...
ECONOMIC ESSENCE OF THE FINANCIAL STABILITY OF THE BANKING SYSTEM
ECONOMIC ESSENCE OF THE FINANCIAL STABILITY OF THE BANKING SYSTEM
Introduction. The article examines the essence of financial stability and stability of the banking system in order to analyze and understand them. The main approaches to interpreti...
Rosa Parks
Rosa Parks
On December 1, 1955, Rosa Parks refused to give up her seat on a Montgomery bus and was arrested. Her courageous action galvanized a yearlong community boycott and helped usher in ...

Back to Top