Improvement of financing system of technological development on Ukrainian agricultural machine-building enterprises

The article is devoted to the problem of research of prospects of financing of research and design works at Ukrainian agricultural machine-building enterprises, which will provide acceleration of scientific and technological progress in science-intensive and perspective directions of state development. It is proved that for effective implementation of innovative activity of the enterprise, the system of management of its financing must be built taking into account the life cycle of innovations at the enterprise, the scale and organizational legal form of its management. The essence of financing of innovations in the enterprise is characterized, which is expedient to be defined as a complex of measures for providing innovations and innovative activity with financial resources through methods and forms, ways of financing, i.e. in accumulation Ltd. SPE "BILOTSERKIVMAZ" of a certain part of financial resources and its direction towards achievement of goals, the main among which is financing of investment and innovation processes in order to form and implement an innovative model of development. It is substantiated that the proposed innovation cluster as a new scientific and technological formation will contribute to technological re-equipment of industrial enterprises, development of innovative infrastructure of the region, development of industrial production, agrarian sector, improvement of socio-economic status in the region. Keywords—financial support, research and technological development, budget financing, investment and innovation activity, innovation activity, informational and technological revolution, non-state funds.