Bank credits for innovation projects: Justification of significance

This article studies conditions of bank crediting for innovation projects. There is considered the essence of bank lending, standard lending principles and their non-compliance with the development of innovative projects. We have carried out an empirical analysis of the impact of bank lending on the increase of innovation in GDP. The obtained result shows the high impact of loans on the innovative development of the country in a year and thereafter. Given some recommendations for successful interaction of banks with innovative project initiators.

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