Wpływ fazy rozwoju projektu innowacyjnego na możliwość wyboru źródła finansowania przedsiębiorstw przemysłowych

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.