Research on national innovation system has increased noticeably in recent years. However, while some literature is available on technology management, little information is available on social capital. Similarly, the study on social capital has been mounting steadily, but little work is available on national innovation system. Thus, this work used the reports of World Bank and World Value Survey, applying the linear structural relation model to consider this relationship between the social capital and national innovation system. Overall, the results found that the innovation seem a collective achievement embedded with other social activities, and that the social capital like a catalyser helps the collective innovation and economic productivity. Thus, this work suggests that every country should recognize that economy was closely embedded with social structure, and that should enrich the social capital to improve the performance of national innovation system and economic productivity.
National Innovation System is defined as a set of institutions which jointly and individually contribute to the development and diffusion of new technologies and which provide the framework within which governments form and implement policies to influence the innovation process. The study of NIS directs attention on linkages of interaction. There are four models of NIS. The aim of the study is to identify the determinants of NIS. The article concentrates on problems and interactions between models of NIS and the innovativeness of European countries based on Innovation Union Scoreboard 2010. The most innovative countries in Europe (Finland, Sweden, Denmark) represent social-democratic model of National Innovation System. This model builds the podium of European innovativeness.
In the article author analyses the problem of national innovation system development in Ukraine. He shows key success factors for innovation development under knowledge economy building conditions. One of these factors is the interaction between innovation process agents to transform new knowledge into innovation.
Performance and prospects of venture funding in Ukraine are analyzed. Relevant data for Russia is given for comparison purposes. Statistics of venture-related activities in Ukraine are given, which show that in spite of positive tendencies, Ukrainian venture capital still gives preferences to investment projects having little common with high tech industries. Results of expert interviews are given, from which it follows that the system of venture funding doesn't exist in Ukraine or is still in the embryonic condition, in spite of nearly 700 venture funds already established in Ukraine in keeping with the relevant legal act. Venture investment in Ukraine is streamlined to sectors with higher profit rate (construction, real estate etc.). For foreign investors traditional venture risks are added by political ones. Of the positive tendencies, respondents refer to the rise of the sector of private venture investors (so called business-angels) in Ukraine, to the coming of European funds that give consideration to technical capacities of Ukrainian projects etc. Of the barriers for venture funding in Ukraine, respondents refer to inadequacy of the Ukrainian legal base, ill-conceived business component of venture project and public misperception of venture projects due to lack of innovation and business culture.; ill-conception of Ukrainian investment and innovation projects, improper technical and legal support etc. Respondents offered their ways to eliminate the barriers, mostly associated with guarantees and preferences to investors in projects with high R&D capacity, tax relief for high tech enterprises etc. Only 8% of respondents have used venture capital as a source to fund their innovation, whereas 70% reported that developments drawing investors' interest did exist in Ukraine. Measures to advance venture funding in Ukraine are proposed.
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.