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

Agnieszka Czajkowska ()
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Agnieszka Czajkowska: University of Lodz

Ekonomia i Prawo, 2019, vol. 18, issue 4, 413-423

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.

Keywords: credit for technological innovations; micro, small and medium-sized enterprises; technology investment; technology bonus (search for similar items in EconPapers)
JEL-codes: G19 G20 G21 G29 O32 O33 O38 O39 (search for similar items in EconPapers)
Date: 2019
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