Abstract:
The stages of development innovative project determine the possibility of use
the definite form of funding. In initial phase his realization come in game the phase
of sowing first of all own centers as well as own resources and loan. However, they
are limited sources and the same it does not is sufficient on realization of whole
project. Therefore also in the second phase - start have essential meaning the ovule
funds of capital risk. The funding innovation with a bank innovation credit, venture
capital or mezzanine requires stage their the considerable advantage - phase
of expansion, and the gain over from market of valuable papers the investment
capital is equivalent with fourth phase of development of project that is the phase
of durable growth. Beyond this on different stages of activity of enterprise in frames
of realization innovative project accessible the public centers are, which in Poland
make up the main driving strength of funding the innovation and what it for this
goes determine the raising process of innovations level of Polish economy.