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The role of financing innovative technological investments with credit for technological innovations

Author

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  • Agnieszka Czajkowska

    (University of Lodz)

Abstract

Motivation: Credit for technological innovations is implemented under competition projects in Submeasure 3.2.2 of Innovation support for enterprises of Smart Growth Operational Programme 2014–2020. It is a follow-up to the measure implemented under the Innovative Economy pro-gramme. The support granted in the form of so-called ‘technology bonus’ allows to partially repay a credit for technological innovations granted by a commercial bank. It is an instrument of financial support aimed at increas-ing the innovativeness and competitiveness of micro-, small and medium-sized enterprises (MSME). The innovativeness of Polish MSME is at a very low level, compared to other EU countries., Therefore, it seems necessary to implement various instruments of support and stimulation of investment in innovative technologies. Aim: assessment of credit procedures and possibili-ties of financial support MSME activity from a credit for technological in-novations. To do this, an analysis is needed of the procedure and funding rules for technological investments with POIR resources. Besides, the litera-ture of the subjects as well as the most important findings and statistics have been reviewed and evaluated. Results: presentation of the specificity of the credit in the case of technological innovations, including the obtain-ment of a technology bonus, assessment of the innovative activity of MSME, as well as the state of financing innovations and technological in-vestments of MSME, including indication of limitations in this respect.

Suggested Citation

  • Agnieszka Czajkowska, 2019. "The role of financing innovative technological investments with credit for technological innovations," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 18(4), pages 413-423, December.
    • Handle: RePEc:cpn:umkeip:v:18:y:2019:i:4:p:413-423
    DOI: 10.12775/EiP.2019.027
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    credit for technological innovations; micro; small and medium-sized enterprises; technology investment; technology bonus;
    All these keywords.

    JEL classification:

    • G19 - Financial Economics - - General Financial Markets - - - Other
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O39 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Other

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