1. REPRODUCTION OF BUSINESS POTENTIAL IN UKRAINE AMIDST WAR CHALLENGES AND THE EUROPEAN INTEGRATION VECTOR.
- Author
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Kharchuk, Tetiana, Klymenko, Kateryna, Shkolenko, Oksana, and Melnik, Victoria
- Subjects
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RUSSIAN invasion of Ukraine, 2022- , *SPECIAL funds (Public finance) , *EUROPEAN integration , *MARTIAL law , *SOCIAL innovation , *INNOVATION adoption , *INNOVATIONS in business , *HUMAN security - Abstract
The article examines the impact of Ukraine’s EU candidate status on the innovative component of business economic security. It emphasizes the importance of innovation for business and the role of the EU in promoting innovative practices. The article analyzes the current state of Ukraine’s economy and its readiness to implement EU standards and practices in the field of innovation under martial law. It also discusses the challenges, threats, and opportunities that Ukraine’s status as an EU candidate presents for businesses, specifically in terms of strengthening economic security through the integration of innovation. The article outlines Ukraine’s rankings in terms of innovative capacity indices from 2015 to 2022. It also presents the dynamics of funding for Ukraine’s scientific sector from both the general and special funds of the state budget between 2018 and 2022. It was found that, in 2022, the volume of expenditures for financing the scientific sector increased through both the general fund (by 10.80% compared to 2021) and the special fund (by 41.55%). Innovative economies were studied by groups of countries based on income levels per capita (according to World Bank classifications). The introduction of innovative products in Ukraine during martial law, in cooperation with international partners and companies such as USAID, Microsoft, Google.org, and Rakuten, was also analyzed. The article emphasizes the improvement of the legislative framework regulating innovation potential in Ukraine, including the adoption of the draft Law «On Innovation Parks.» It stresses the need for a new framework for innovation policy to address the challenges outlined in the Sustainable Development Goals. This framework could be supported by the adoption of the Strategy for the Development of the Innovation Ecosystem in Ukraine, which aims for transformational changes and is based on a critical analysis of obstacles, challenges, and threats to the implementation of innovations by researchers and businesses, especially in key areas for reconstruction, as well as gaps in the management of innovation policy. Furthermore, the article highlights the adoption of the Innovation Development Strategy until 2030, based on three key principles: first, the development of the Ukrainian innovation ecosystem, which includes creating conditions for the free emergence and circulation of ideas, and assisting research institutions, innovative start-ups, and technology companies; second, a multilateral state policy of innovation support, ranging from deregulation to national programs; and third, the stimulation of innovation and the development of technologies that address both current and future pressing problems. [ABSTRACT FROM AUTHOR]
- Published
- 2025
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