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Public-Private Partnership As A Mechanism To Stimulate Innovation In Belarus Republic

Table 1:

Factors The number of industry organizations rated individual factors that impede innovation as
major or decisive significant insignificant
Economic factors
lack of own funds 687 534 339
lack of financial support from the state 244 551 659
low effective demand for new products 247 564 639
high cost of innovation 506 676 322
high economic risk 369 726 389
Long payback periods of innovations 333 751 404
Production factors
low innovative potential of the organization 258 464 768
lack of qualified staff 160 453 892
lack of information about new technologies 99 365 1 026
lack of market information 121 399 962
organizational in susceptibility to innovation 87 254 1 098
lack of opportunities for cooperation with other organizations 106 320 984
Other factors
low demand for innovative products (works, services) 166 505 746
imperfect legislation on the regulation and stimulation of innovation 109 352 883
uncertainty of the timing of innovation process 132 460 781
underdevelopment of innovation infrastructure (intermediary, informational, legal, banking, other services) 110 459 824
underdevelopment of technology market 143 457 785
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