Intellectual potential of institutions of infrastructure for entrepreneurship support

: pp. 75 - 83
Ivano-Frankivsk national technical university of oil and gas
Ivano-Frankivsk national technical university of oil and gas

Intellectual capital in modern conditions is getting the special importance as an instrument of innovative development. Its formation and use in this process give an opportunity to provide favourable conditions for the innovative growth of the economy in the region.

The purpose of this study is to determine preconditions and suggest ways to intensify the use of

the intellectual potential of the Ivano-Frankivsk region.

The article examines and summarizes the features of approaches to understanding the economic substance of category “intellectual potential of the region” by various scholars.

This paper reviews the research conducted on the intellectual potential of the region and the innovative infrastructure of entrepreneurship support. The article analyzes the internal structure of intellectual potential on the example of the Ivano-Frankivsk region. Quantitative and qualitative indicators of intellectual potential of innovative development of the region are presented. The basic elements of the innovative infrastructure of the region are systematized. It is emphasized that the creation of a developed infrastructure and training of skilled manpower in the field of innovative industries and technologies are very important for the region.

Results of the article have shown the importance of intellectual potential development. The development of the market of the intellectual resources leads to a continuous improvement in the quality of economic activity of enterprises. Management of the city needs to place emphasis on development of intellectual potential.

Expenditures on research and development have been increasing over the past 3 years. Analyzing the sources of financing for the development of intellectual capital of enterprises in Ivano-Frankivsk region, it should be noted that the main source of financing such expenses is the own funds of enterprises. The percentage of scientists is very low in Ivano-Frankivsk region.

The main reasons of the low innovation activity of the industrial enterprises in the Ivano- Frankivsk region, as well as Ukraine as a whole, are the low level of state support and financing innovation activities, the lack of effective mechanisms for commercialization of research results, low demand for intellectual products in the market, and ineffective and inadequate activity of innovative infrastructure for entrepreneurship support.

Ways to intensify the use of the intellectual potential of the Ivano-Frankivsk region:

  • preferential financing for entrepreneurs (innovators and start-ups);
  • innovation tax credit;
  • grants for the implementation of innovative projects;
  • creation of innovative structures with the assistance of local authorities;
  • reforming the business support infrastructure.

Innovative infrastructure has a significant potential for creating an intellectual product, which is the result of “creative destruction” and goes way from the existing creative imbalance to local market equilibrium by creating innovative product. It is necessary to transform knowledge into innovations creating favorable conditions for this. The prospects of innovative development depend on the intellectual potential.

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