Ukrainian enterprises spent over UAH 9 bln on innovation last year - statistics

Ukrainian enterprises spent over UAH 9 bln on innovation last year - statistics

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Ukrinform
One in six industrial enterprises in Ukraine (16.2%), with an average number of employees of over 50 people, was engaged in innovation activity in 2017, and expenses on innovation amounted to UAH 9.1 billion, according to the State Statistics Service of Ukraine.

In particular, UAH 5.9 billion (64.7% of the total amount of innovation costs) was spent on the purchase of machines, equipment and software, UAH 2.2 billion (23.8%) on internal and external research and development, and UAH 21.8 million (0.2%) on the purchase of other external knowledge (purchase of new technologies). 

The service said that the main source of funding for innovation costs was the funds of companies - UAH 7.704 billion.

The amount of domestic and foreign investors' funds stood at UAH 380.9 million, loans - UAH 594.5 million, and state and local budgets - UAH 322.9 million.

In 2017, innovations were introduced by 88.5% of enterprises engaged in innovation activity. In particular, innovative types of products were by 53.3%, and new technological processes by 67.9%.

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