A review of the European Union financial instruments supporting the innovative activity of enterprises in the context of Industry 4.0 in the years 2021-2027

Joanna Wyrwa ()
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Joanna Wyrwa: University of Zielona Góra, Poland

Entrepreneurship and Sustainability Issues, 2020, vol. 8, issue 1, 1146-1161

Abstract: The new global wave of disruptive innovations, which is based on the evolution of the industrial sector towards Industry 4.0, requires support for investments increasing the indicators of digitization, automation and robotization of enterprises. That is why one of the most important contemporary challenges facing enterprises in the context of Industry 4.0 is finding sources of financing to support innovative activities. Although the literature is abundant in studies on Industry 4.0. development, relatively little attention has been paid to the ways of financing these ventures or to a political environment that would favor the financing of the Fourth Industrial Revolution. The purpose of this article is therefore to identify EU financial instruments promoting business innovation in the context of Industry 4.0 in the years 2021-2027. The article was based on a systematic review of the literature and documents of the European Commission. In line with the adopted methodology, the entire research process consisted of three stages: (1) isolating databases and a set of publications, (2) selecting publications, developing a database, (3) bibliometric analysis, content analysis and testing relevance of results for further research.

Keywords: EU financial instruments; innovative activity; financial framework 2021-2027; Industry 4.0; systematic literature review (search for similar items in EconPapers)
JEL-codes: L16 O31 O33 O38 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:8:y:2020:i:1:p:1146-1161

DOI: 10.9770/jesi.2020.8.1(77)

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