Ukraine Innovation and Entrepreneurship Ecosystem Diagnostic
This report is one of four analytical pieces on Ukraine’s innovation and entrepreneurial ecosystem developed by the World Bank’s Ukraine Technical Assistance on Innovation, supported by the Swedish Ukraine Financial and Enterprise Sector Recovery a...
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| Language: | English |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/126971509628933853/Ukraine-Innovation-and-entrepreneurship-ecosystem-diagnostic http://hdl.handle.net/10986/28831 |
| Summary: | This report is one of four analytical
pieces on Ukraine’s innovation and entrepreneurial ecosystem
developed by the World Bank’s Ukraine Technical Assistance
on Innovation, supported by the Swedish Ukraine Financial
and Enterprise Sector Recovery and Growth Trust Fund. This
report assesses the environment – or “ecosystem” -- that
shapes innovation by firms in Ukraine. It examines the
ecosystems for three categories of companies: existing
Ukrainian companies, new start-ups, and international
companies investing in Ukraine. Based on a review of prior
literature and approximately 50 interviews with
representatives from industry, academia, and government, it
systematically examines how industry and market structure,
government policies and regulations, human capital, research
and knowledge transfer, infrastructure and support programs,
and finance all affect innovation in Ukraine. The report
notes that Ukraine has improved its business environment and
has significant strengths in well-educated workforce. A
relatively large and growing market, abundant resources, and
low costs at current exchange rates all favor foreign
investments that will support innovation. But Ukraine also
faces many challenges. Industrial R&D is low and
declining (due to industry’s concentration in low R&D
sectors) and there is a lack of competition and market
demand to drive. |
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