INNOVATIVE POTENTIAL OF INDUSTRIAL ENTERPRISES DEVELOPMENT IN THE CONTEXT OF MODERN INDUSTRIAL REVOLUTIONS

Olexandr Derykolenko; Dmytro Parkhomenko; Iryna Burlakova; Svitlana Lytvynenko

doi:10.32782/mer.2025.105.03

Olexandr Derykolenko Sumy State University https://orcid.org/0009-0006-0679-9337
Dmytro Parkhomenko Sumy State University https://orcid.org/0009-0003-5279-1879
Iryna Burlakova Sumy State University https://orcid.org/0000-0003-1099-3563
Svitlana Lytvynenko Sumy State University https://orcid.org/0000-0001-5726-4080

DOI: https://doi.org/10.32782/mer.2025.105.03

Keywords: venture capital, investment, innovation, crisis, industrial revolution

Abstract

The insufficient level of technical development of enterprises in Ukraine, complicated by deep economic and political crises on the threshold of the Third and Fourth Industrial Revolutions, which are gradually taking place in the world, makes the issue of finding innovative ways of economic development capable of bringing the country out of crisis and ensuring ahead economic growth in wartime conditions urgent. The article provides a retrospective analysis of economic reforms carried out in different countries of the world during periods of aggravation of crisis phenomena, which allowed to formulate the main prerequisites for the development of innovative activity of industrial enterprises of Ukraine. To implement an economic breakthrough, directions for the development of the economy of Ukraine based on venture financing are proposed. General and specific characteristics of venture activity of business entities are determined, as well as types of entrepreneurship within which venture activity can be carried out. The analysis of the activities of the most innovative companies in the world and those companies that invest the most in R&D made it possible to determine the basic principles of effective innovation in modern conditions.

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