The role of banks in national innovation system: general strategical analytics

Abstract

In this paper the role of the banking system in the processes of innovation system as a new direction of banking strategy is considered. Innovation ways of increasing the role of banks and minimize the risks of innovation by integrating with an innovation infrastructure is offered. Analysis of the mechanisms to support innovation by banks in India, Great Britain, Norway was conducted.

The purpose of this research is to consider the main points of banking strategy development within the innovation system. Methods of current research are institutional and evolutionary approach, methods of strategical development of innovation systems and the ways of innovation development ways selection, which used for the bank’s innovation strategy development.

According to analysis of the main issues of innovation banks we propose to consider the strategy of innovation investment cycle. The main points of banks innovation strategy were considered. While forming the intellectuals’ property and innovation projects portfolio banks the authors have proposed to consider peculiarities of the innovations marketing. Implementation of agreements and cooperation between bank and innovation infrastructure element will create mechanisms for information exchange, constant interaction with the participants providing and accompanied by innovation projects implementation, and for ensuring of consistent communications to support the development of specialized institutions.

Analysis of financing innovation models allows to conclude that for Ukraine the corporate-state system, in which various government agencies responsible for conducting scientific and technological policies play a crucial role, is the most appropriate. Identified features of the bank’s strategy can be used in the activities of innovation system and innovation structures development.