Foreign Experience in Financing Innovative Projects in The Activities of Entrepreneurial Entities

Financing innovative projects is one of the key factors ensuring sustainable economic growth and entrepreneurial development in modern economies. This study examines foreign experience in financing innovative projects within entrepreneurial activities and evaluates effective financial mechanisms used in developed and emerging economies. The research focuses on venture capital systems, state innovation funds, bank financing, public-private partnerships, and tax incentives supporting innovation activities. A qualitative comparative analysis approach is applied using international policy frameworks and secondary statistical data. The findings indicate that countries with developed innovation financing systems demonstrate higher entrepreneurial activity, technological advancement, and economic competitiveness. Venture capital and government support programs play a decisive role in reducing financial risks associated with innovation projects. However, developing economies often face institutional and financial barriers limiting innovation financing opportunities. The study concludes that adapting successful foreign practices can significantly improve the innovation ecosystem and entrepreneurial sustainability in transition economies.