№ 6/2020

Fìnansi Ukr. 2020 (6): 93–104https://doi.org/10.33763/finukr2020.06.093

FINANCIAL AND ECONOMIC REGULATION

DYBA Mykhailo ¹, GERNEGO Iuliia ²

¹Kyiv National Economic University named after Vadym Hetman
OrcID ID : https://orcid.org/0000-0003-2007-9572
²Kyiv National Economic University named after Vadym Hetman, Research ID : http://www.researcherid.com/rid/54148192200
OrcID ID : https://orcid.org/0000-0002-4929-0411

Sources for business and social sphere technologization in the context of epidemiological risks

The actualization of attracting financial resources to overcome difficulties of business and social sphere by their technologization within the increasing epidemiological risks timeframe and the quarantine measures is considered in the article. The essential characteristics of modern sources for financial support of social and economic development and technological progress are estimated. Main aspects of grant financing, essential characteristics of crowdfunding, specifics of investing in new technologies and features of bootstrapping are substantiated. The key parameters of grant financing are determined and the upward tendencies of grants share in incomes at the global market are investigated. Examples of targeted grant initiatives in the context of Covid-19, which are aimed at enhancing the level of technology of business and social sphere, are given. The process of attracting investments in the Internet network is summarized and examples of crowdfunding platforms specializing in technology are shown. An assessment of investors’ resources potential and the potential of bootstrapping is made. Conclusions are made regarding the advantages, disadvantages and peculiarities of establishing modern sources of the technology of business and social sphere financing under the conditions of epidemiological risks.

Keywords:digitization, technologization, grant, crowdfunding, sponsorship, bootstrapping

JEL: F63, F64, G21, G23, G24, H53

DYBA M. . Sources for business and social sphere technologization in the context of epidemiological risks / M. . DYBA, I. Gernego // Фінанси України. - 2020. - № 6. - C. 93-104.

Article original in Ukrainian (pp. 93 - 104)

Download

Downloads :191

1. KPMG. (2020, April 9). Moving to the new normal. The pandemic impact on Global Business Services. Retrieved from assets.kpmg/content/dam/kpmg/nl/pdf/2020/services/moving-to-the-new-normal.pdf.
2. Coronavirus VS business: half of entrepreneurs will remain in quarantine for no more than a month. (2020). Economic truth. Retrieved from www.epravda.com.ua/publications/2020/04/2/658857/ [in Ukrainian].
3. Losses of small business during quarantine (Cabinet program). (2020). Finance.ua. Retrieved from news.finance.ua/ua/news/-/471799/vtraty-malogo-biznesu-pid-chas-karantynu-programa-kabminu [in Ukrainian].
4. Covid-19 Impact on Internet of Things (IoT) Market by Components. (2020). Markets&Markets. Retrieved from www.marketsandmarkets.com/Market-Reports/covid-19-impact-on-iot-market-212332561.html.
5. McClellan, J. E., & Dorn, H. (2006). Science and Technology in World History: An Introduction (2nd Ed.). Johns Hopkins University Press.
6. Ross, J. I. (2000). Grants-R-Us: Inside a Federal Grant-Making Research Agency. American behavioral scientist, 43 (10), 1704–1723. doi.org/10.1177/00027640021957971
7. Polster, C. (2017). The nature and implications of the growing importance of research grants to Canadian universities and academics. Higher Education, 53, 599–622. doi.org/10.1007/s10734-005-1118-z
8. Howell, S. (2019). Financing Constraints as Barriers to Innovation: Evidence from R&D Grants to Energy Startups. Harvard. Retrieved from scholar.harvard.edu/files/showell/files/howell_innovation_finance_jmp_jan17.pdf.
9. Rheingold, H. A. (2018). Slice of Life in My Virtual Community. Informatik. Retrieved from pdfs.semanticscholar.org/cd83/afeb4ec997b1e8420e615455220407e401da.pdf.
10. Djayls, M. (2013). True friends Martin Giles. The world in 2050. Moscow: Mann, Ivanov i Ferber: Eksmo [in Russian].
11. Hau, Dj. (2012). Crowdsourcing. The collective mind as a tool for business development. Moscow: Alpina Pablisher [in Russian].
12. Belleflamme, P., Lambert, T., & Schwienbacher, A. (2014). Crowdfunding: Tapping the right crowd. Journal of Business Venturing, 29, 585–609. doi.org/10.1007/s10734-005-1118-z
13. Sharp, U., Aleksander, G., & Beyli, Dj. (2003). Investment. Moscow: INFRA-M [in Russian].
14. Eklund, K. (1991). An efficient economy. Swedish model. Moscow: Ekonomika [in Russian].
15. Gibson, M., & Gianforte, G. (2016). Bootstrapping Your Business: Start and Grow a Successful Company with Almost No Money. CreateSpace Independent Publishing Platform.
16. Global Crowdfunding Market Size, Status and Forecast 2019—2025. (2019). Valuates Reports. Retrieved from reports.valuates.com/market-reports/QYRE-Auto-1598/global-crowdfunding.
17. Dyba, M. I., & Gernego, Iu. O. (2020). Global trends and development potential of the crowdfunding market in Ukraine. Ekonomy of Ukraine, 2 (699), 66–79. doi.org/10.15407/economyukr.2020.02.066
18. Crowdfunding statistics. (2020). Fundly. Retrieved from blog.fundly.com/crowdfunding-statistics.
19. Tovstyzhenko, O. V. (2007). The role of foreign investment in the intensification of domestic production. Actual problems of economics, 1 (67), 105–109 [in Ukrainian].
20. Dyba, O. (2015). Scientific approaches and applied aspects of definition of investments. Securities Market of Ukraine, 11-12, 53–59 [in Ukrainian].