Abstract
The paper examines modern instruments for financing the development of technoparks and innovation infrastructure, as well as their role. Emphasis is placed on the need to foster a competitive venture capital environment, attract private capital, and develop crowdfunding within the framework of state programs for innovation potential development. It is shown that under conditions of limited budgetary resources, the diversification of funding sources and the creation of a comprehensive innovation support ecosystem become key factors for the sustainable development of technoparks.
Keywords
Technoparks FinancingVenture FinancingInnovation FundsState Support
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Cite This Article
Wang, J. (2026). Financing instruments for the development of technoparks. Journal of Economic Theory and Business Management, 3(2), 6-10. https://doi.org/10.70393/6a6574626d.343236
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Funding
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Conflict of Interest
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Author Contributions
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References
- Shlychkov, S. V. (Ed.). (2024). Subjects of innovation infrastructure of the Republic of Belarus. State Institution "BelISA".
- Association of Technoparks and subjects of innovation activity to appear in Belarus. (2025). BelTA. Retrieved June 9, 2026, from https://belta.by/economics/view/assotsiatsiia-tehnoparkov-isubie
- Zalesky, B. (2025). Technoparks as an innovative instrument for export and production of import-substituting products. In Challenges of turbulence: The trajectory of international economic cooperation of Belarus (pp. 11–19).
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