Proceedings of the 2019 7th International Conference on Modeling, Development and Strategic Management of Economic System (MDSMES 2019)

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Creating an Innovative Environment for Industrial Companies Internationalization in Ukraine: Prospects and Riskf

Authors
Natalia Korzh, Iryna Semeniuk, Natalia Makhnachova, Vitalii Sharko
Corresponding Author
Natalia Korzh
Available Online October 2019.
DOI
10.2991/mdsmes-19.2019.56How to use a DOI?
Keywords
Innovative environment, internationalization, industrial companies, innovation ecosystem, innovative activity
Abstract

A high level of innovation is the main precondition for providing the competitiveness of industrial products in the foreign market. This paper deals with the identification of the prospects and risks of creating an innovative environment to stimulate the internationalization of industrial companies. It was determined that the main elements of such an innovative environment are: the innovation ecosystem, human capital, the level of scientific research and the level of introduction of new technologies. Based on data analysis, the paper investigates the main trends in the development of innovative activity in Ukraine during the last five years. The construction of the trend model showed that the Global Innovation Index score of Ukraine tends to increase by an average of 0.55 points annually. The paper also presents a detailed analysis of prospects and risks of creating and developing an innovative environment for promoting the internationalization of Ukrainian industrial companies. It was found that this process is impossible without solving the problems of financing education and science, stimulating the scientific cooperation of industrial companies with scientific organizations and universities, as well as creating an appropriate innovation ecosystem.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2019 7th International Conference on Modeling, Development and Strategic Management of Economic System (MDSMES 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
October 2019
ISBN
10.2991/mdsmes-19.2019.56
ISSN
2352-5428
DOI
10.2991/mdsmes-19.2019.56How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Natalia Korzh
AU  - Iryna Semeniuk
AU  - Natalia Makhnachova
AU  - Vitalii Sharko
PY  - 2019/10
DA  - 2019/10
TI  - Creating an Innovative Environment for Industrial Companies Internationalization in Ukraine: Prospects and Riskf
BT  - Proceedings of the 2019 7th International Conference on Modeling, Development and Strategic Management of Economic System (MDSMES 2019)
PB  - Atlantis Press
SP  - 300
EP  - 304
SN  - 2352-5428
UR  - https://doi.org/10.2991/mdsmes-19.2019.56
DO  - 10.2991/mdsmes-19.2019.56
ID  - Korzh2019/10
ER  -