Capitalizing Emerging Opportunities Through Access to Adequate Financing and Innovative Approaches

Abstract

In the contemporary conditions of global competitive development, financing of innovations by organizations is a norm on the path to successful performance and survival of businesses, which is the result of the ability to adapt. Due to the dynamic economic environment, investments related to research development have developed new opportunities and increased competitiveness for organizations. Government policies ensure the sustainability of global trends by encouraging investments and financing in the field of innovations, thus stimulating economic progress. The purpose of the study is an analysis of the capitalization of the opportunities developed by the Republic of Moldova as a result of financing with the involvement of external partners. The study is an analysis of the strategic directions of the authorities to stimulate innovation by small and medium-sized enterprises. The methods used to achieve the objectives are diversified to encompass a larger area of beneficiaries. Thus, platforms that facilitate access to financing, the creation of technology parks, innovative hubs near research and higher education institutions, mentoring from government organizations, access to investor networks are used. Opportunities for innovative business development must be developed from the early stage before creating the added value of educated human capital in the context of preferential directions for the implementation of innovative projects. CZU: 330.322.1:001.895(478); JEL: O31, G32