On prospective instruments for financial support of economic entities in carrying out applied research
Sergeeva O.L., Blagoveshchenskaya A.S.
Quite a number of researchers have addressed the topic of the instruments of financial support for economic entities. In their works they use various approaches to the classification of such instruments. The most common is their division into two groups: instruments of direct and indirect support.
In this article, two tools for stimulating the economic activity of economic entities are considered: a direct support instrument – preferential repayable financing (credit) and an indirect support instrument – an investment tax credit, in terms of their application to stimulate applied scientific research.
The authors give examples of the application of preferential repayable financing in other sectors of economy, for example, in agriculture and education. Considerable attention is paid to the analysis of legal acts regulating the use of preferential repayable financing (credit) and an investment tax credit in practice. At present, none of the instruments for stimulating the activities of economic entities is applied in carrying out research and development. The authors investigate the causes of the situation and suggest possible solutions. Based on the analysis of legislative norms, the authors conclude that these tools can be used to stimulate applied scientific research.
The choice of the topic is caused by the fact that the expansion of the range of instruments for supporting applied research can have а positive impact on transforming new knowledge into new technologies and goods, which is of high importance and requires close attention from the government. The application of these tools, both direct and indirect support, in carrying out applied research in the future can improve the conditions for the development and implementation of innovations.