Investment and Innovation Support for the Development of Agricultural Enterprises in a Competitive Environment

Abstract

Introduction. The current stage of economic development of the advanced countries of the world is characterized by high-tech agricultural production with a sufficiently high level of investment. Most agro-industrial enterprises have a strong, productive potential, but due to the inability to attract the necessary investment, the level of innovative renewal of the material, technical and technological level of fixed assets is slowed down, which negatively affects the economic efficiency of economic entities. The agro-industrial sphere needs to develop a qualitatively new system of organizational and economic support for investment and innovation development of enterprises in the competitive environment. Methods. The theoretical and methodological basis of the article is the fundamental provisions of modern economics, the work of scientists. The following methods are used in the process of research, in particular: analysis and synthesis – to study the object and subject of research; abstract and logical (theoretical generalizations and formulation of conclusions); constructive and experimental (formation of strategic directions of investment and innovation support of production). Results. The essence, functions and preconditions of innovative development of agro-industrial enterprises in the conditions of competitive environment are revealed. Theoretical aspects of the stages of technological systems of innovative development, classification of innovations and their impact on the innovative development of the economy of agro-industrial enterprises are outlined. Approaches and assessment of the current state and dynamics of investment and innovation support for the development of agro-industrial enterprises are substantiated. It is determined that the key factor of effective technical modernization of enterprises is the stimulation of scientific research on the development, promotion and development of technical and technological innovations in the agricultural sector. The economic efficiency of existing projects of different capacity for the use of solar energy has been assessed according to the options that take into account the peculiarities of their implementation in agro-industrial enterprises. Discussion. The obtained theoretical and applied recommendations can be used to improve existing approaches to investment and innovation support of agro-industrial enterprises in a competitive environment. Keywords: agro-industrial sphere, investment and innovative development, enterprise, technological order, innovative model, food industry, economic efficiency, innovative project, solar energy, discounting.