Means of financing innovation in the modern services sector. Case study

Abstract

In the literature one can find many ways to the classification of innovation by adopting different criteria, among others, the criterion of the sources of innovation, originality, scope or scale, in which the changes occur. The process of continuous improvement of enterprise management system indicates the wide range of activities to be undertaken to achieve a level of competitiveness that allows the company to take a strong position on the market. With the concept of innovation directly linked to efforts to implement changes leading to the growth of modernity and competitiveness of the organization and ultimately to increase its value. The purpose of this article is to present the effects of the use of external funds for the development of innovative enterprises. It can be assumed that the company without the possibility of obtaining funds from National Centre of Research and Development could not just implement innovative solutions. In addition, the analysis will be carried out internal documents of a financial nature, financial statements audited company.