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Financing International Grant Agreements in the Fields of Science and Innovation through the Prism of the Decomposition Model
Abramova I. V., Poplavskyi P. H.

Abramova, Iryna V., and Poplavskyi, Pavlo H. (2024) “Financing International Grant Agreements in the Fields of Science and Innovation through the Prism of the Decomposition Model.” Business Inform 4:26–31.
https://doi.org/10.32983/2222-4459-2024-4-26-31

Section: International Economic Relations

UDC 339.9:330.341.1

Abstract:
The relevance of the chosen issues is represented by the consideration that the old methods of financing scientific and innovative activities did not ensure the sustainability of the socioeconomic development of Ukraine and necessitated the search for alternative sources of funds for the outlined purposes. It is argued that grant funding is an effective tool for strengthening scientific and innovative activities. The study was carried out using the methods of system analysis and synthesis, on the basis of which contextual and decompositional models of describing the sequence of processes of functionalization of the mechanism for financing international grant agreements in the fields of science and innovation were built. It is emphasized that the donors for the financing of domestic scientific research on a grant basis are international organizations that develop appropriate procedures and rules for the preparation of projects that deserve funding. As a result of the study, it is found that the ultimate goal of such activities is to create conditions for ecological consumption and production, increase the competitiveness of domestic products, and improve infrastructure as major tasks of sustainable development.

Keywords: scientific research, innovative development, sustainable development goals, grant funding.

Fig.: 3. Bibl.: 10.

Abramova Iryna V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Economic Relations and Political Management, Zhytomyr Polytechnic State University (103 Chudnivska Str., Zhytomyr, 10005, Ukraine)
Email: [email protected]
Poplavskyi Pavlo H. – Senior Lecturer, Department of International Economic Relations and Political Management, Zhytomyr Polytechnic State University (103 Chudnivska Str., Zhytomyr, 10005, Ukraine)
Email: [email protected]

List of references in article

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