Financing of intellectual potential of innovative development

The prospects of innovative development depend on intellectual potential, which has gained increasing attention concerning both research and more practically oriented applications. Further development of intellectual potential is closely connected with possibilities of financial support. In this paper, the advisability of financing of intellectual potential of innovative development is introduced. Intellectual potential is a further development of intellectual capital, which is based on the skills and knowledge of employees. This study therefore tries to investigate the efficiency of intellectual potential usage and its financing. We try to show that value can be generated by intangibles, which are not always reflected in financial statements. The results were based on the data taken from indicators of innovative and intellectual level and financing possibilities of national economy. It was found the connection between the efficiency of financing of intellectual potential and innovative development in Ukraine