FINANCING OF SMALL INNOVATIVE ENTERPRISES IN THE MODERN CONDITIONS OF DEVELOPMENT

In this article, the theoretical basis for the study of financial and investment support of small innovative entrepreneurship is developed, in particular, the methods of financing small entrepreneurship, which is focused on innovative development, are studied. The research is based on empirical and theoretical methods, namely description and observation, analysis and synthesis, abstraction, generalization, explanation, induction and deduction. It was emphasized that the issues of innovative development of small entrepreneurship, which are significantly aggravated in modern conditions, should be raised and resolved in the current state, since the Russian-Ukrainian war makes it impossible to predict the future state of the spheres of activity in detail, and also strengthens existing and creates new risks, turning away from of Ukrainian business entities, many stakeholders, first of all, investors. Since before the war, small business faced a number of problems, the main of which was the attraction of investment funds, in the current conditions, the problems are becoming more and more, as well as the expectations from this type of business in the post-war period. Therefore, an important step is to conduct an analysis of all possible channels for finding investors, as well as their involvement in Ukrainian innovative projects. In addition, an assessment of the financing needs of small businesses in modern conditions of development was carried out by the categories of analyzed enterprises – micro-enterprises (excluding FOP) and small enterprises. The main organizational structures of investment support for small businesses are analyzed, including business incubators, venture capital investment, business angels, business accelerators, and business incubators. The study emphasizes that in order to effectively restore the country's economy, it is necessary to immediately, already during the war, resolve the issue of financing small innovative enterprises forming the infrastructure to support small and medium-sized businesses, since small entrepreneurship itself is the backbone of the economy, the backbone of the socio-economic well-being of Ukraine.Keywords:small innovative business, funding sources, venture funding, startup, innovative ecosystem.