Institutional Principles of Intensifying the Innovative Development of Small and Medium Agribusiness

Abstract

At the present stage of economic development, one of the most essential tasks is to ensure the sustainable development of agriculture and the formation of competitive agricultural production. The formation and development of the organizational and economic mechanism for activating the innovative development of small and medium-sized businesses in agriculture is a complex system of relations that requires support from the state, so the authors proposed directions and forms of state support for activating the innovative development of small and medium-sized agribusiness, as well as the conceptual foundations for the formation of wholesale distribution centers in agriculture for the development of small and medium-sized businesses. The proposed activities will make it possible to form cooperative and integration ties between small and large enterprises of the agro-industrial complex and intensify their innovative development.

Is increasing a share of R&D expenditure in GDP a factor in strengthening the level of innovation development in Ukraine compared with GII’s top countries?

“…The formation and development of the organizational and economic mechanism for the activation of innovation development is the key to the development of the economy, the formation of competitive production, and the assurance of sustainable development (Berezhnytska et al, 2022). In this regard, the relevance of the problem of forming a system of specialized innovation and investment banks, co-investment funds, etc., which would specialize in the field of investment support for innovation development, is not lost (Kozmenko & Vasylieva, 2008;Leonov et al, 2012).…”

Financial and investment indicators for accelerating innovation development: Comparison of GII leaders and Ukraine

“…Boyarko and Samusevych (2011) explored the problem of innovation development on the business level. The formation and development of the organizational and economic mechanism for the activation of innovative business development is a complex system of relations that requires state support for the activation of innovative development (Berezhnytska, 2022). 2023) also studied the problem of innovation development, but in connection with collaboration of business and education.…”

Structural and comparative analysis of R&D funding impact on the level of innovation development: The empirical evidence of GII’s leaders and Ukraine

“…In such conditions, achieving sustainable development and economic growth is not possible without the innovation development of the country (Melnyk et al, 2022). Developing financial and organizational mechanisms to activate innovation activity is the key driver of economic growth and sustainable development (Berezhnytska et al, 2022). One of the conditions for progressive sustainable development is the creation of a National Program to support the transformation of innovation parks, as well as investment in R&D and new innovational parks (Petrushenko et al, 2021).…”