IMPROVING THE FINANCING MECHANISMS OF INNOVATION ACTIVITY IN THE CONSTRUCTION MATERIALS MANUFACTURING SECTOR
DOI:
https://doi.org/10.5281/zenodo.17447739Keywords:
innovation activity, fnancing mechanisms, construction materials industry, investments, alternative fnancing, venture capital, public–private partnership.Abstract
This scientifc study examines the improvement of fnancing mechanisms for innovation activity in theconstruction materials manufacturing sector. The research theoretically substantiates the interrelation between innovation
development, investment processes and funding sources, and proposes mechanisms for the effective utilization of off
budget resources, foreign capital and capital market instruments. To alleviate the constraints associated with credit-based
fnancing of innovation projects, the study justifes the need for broader implementation of alternative fnancial instruments
such as venture capital, grants, investment funds and public–private partnership mechanisms. As a result, an integrated
mechanism aimed at increasing the economic efciency of fnancial support for innovation activity in the industry has
been developed.
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