Innovation science and technologiy Volume 1 Issue 11 (2025)
PRACTICE OF FOREIGN COUNTRIES IN PROVIDING FINANCING FOR ENTREPRENEURS’ INNOVATIVE INITIATIVE
Jubanova, Bayramgul
Abstract
The article examines the international experience of financing innovative business projects as a key factorin their successful development. Special attention is paid to analyzing financing mechanisms in countries such as theUnited States, Germany, China, Finland, and Sweden. The study highlights the features of venture capital, public-privatepartnerships, grant programs, and government investments, as well as their impact on promoting innovation activity.Examples of successful programs and strategies that contribute to the creation of new technologies, the development ofhigh-tech startups, and enhancing the competitiveness of enterprises are presented. The study identifies the strengthsand weaknesses of various approaches to financing innovation and explores the possibilities of adapting them for Russia.Practical recommendations are proposed to improve financing mechanisms for innovative projects in the domesticeconomy, including the development of venture financing, state support for startups, and attracting private investmentthrough tax incentives.
innovation financing, international experience, venture capital, government support, grant programs, publicprivate partnerships, innovative projects, high-tech startups, financing mechanisms.
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