Activation of Investment and Innovation Processes in the Food Industry of the Region, as a Component of Supporting Its Development

Abstract

The article examines the current trends of investment and innovation processes in the food industry as a competitive sector of Ukraine's economy. The role and place of investment support for the successful implementation of innovative transformations in the food industry are defined. Adequacy and availability of investment resources is the most important prerequisite for the development of innovation processes in competitive sectors of Ukraine's economy. The food industry is one of them. However, the realities of investment and innovation activity in the food industry of Ukraine indicate a low technological level of food production, inconsistency of the quality of manufactured products with world and European requirements. This is a threat to the functioning of Ukraine's food industry and ensuring its economic security in general. The main sources of financial support for investment and innovation activities of the food industry are their own financial resources; borrowed financial resources; funds received from the sale of securities; funds from the state budget and local budgets; funds of foreign investors. The state of investment and innovation activity of the enterprises of the food industry of the Nikolaev region in modern conditions is investigated. The results of the study indicate a low level of innovation activity of enterprises in the region. The volume of capital investments in the development of the region's food industry has decreased. The article substantiates the directions of activation of investment and innovation processes in the food industry of the Nikolaev region. The necessity of forming a certain model of management of investment and innovation processes of development of the domestic food industry, including at the regional level, is determined. This will help restore the investment and innovation potential of food production, stimulate and motivate investment and innovation activity of food industry enterprises. They take into account the influence of market mechanisms, factors of the internal environment, means of government incentives and regulation of innovation. Implementation of these recommendations will promote development of the Nikolaev region.

Методичні Підходи Оцінювання Потенціалу Регіональних Економічних Систем

“…Проблематикою оцінювання потенціалу регіонів та розробленню відповідних методичних підходів присвятили О. Балацький, Л. Бондаренко, А. Гавриленко [1], Л. Гришина [2], Б. Данилишин, Л. Ладонько [5], О. Климахіна, Д. Клиновий, Р. Матковський М. Пашина [6], Т. Пепа, О. Попело, О. Тищенко, С. Тульчинська [7], Ю. Юхновська [9], В. Школа [8] та інші.…”

“…Єфімова та Н.В. Гришина при оцінки економічного потенціалу регіону виокремлюють природно-ресурсний, економічний та соціальний потенціал, у свою чергу економічний потенціал складається з [2]:…”