Innovative financial instruments as a factor of intensification of innovative activities in the organization

Innovation is the driving force of the economy. In the modern economy, the role of innovation has increased significantly. Without the use of innovations, it is almost impossible to create competitive products with a high degree of knowledge-intensiveness and novelty. Thus, in a market economy, innovation is an effective means of competition, since it leads to the creation of new needs, to a reduction in the cost of production, to an influx of investment, to an increase in the image (rating) of a producer of new products, to the opening and seizure of new markets, including external. The article discusses innovative financial instruments for the development of innovative activity in an organization, examines the essence of innovative activity; the sources of financing of innovation activity are indicated; the tools of innovative financing are considered.