Innovative projects: what is it

Modern life is characterized by dynamism, high level of competition. In such circumstances, there is always the need for improvement in all spheres of human activity. This gives birth to innovative projects, is a complex, risky, expensive and lengthy process.

Innovative projects are in its development several stages and on all of these projects have a high degree of uncertainty. A very important point is the introduction of innovations into production, market acceptance of these innovations. Many innovative designs show already at the initial stage of development results, promising a success, but then under certain technological conditions are closed. Innovative development is determined by a variety of objectives and goals. Innovative projects differ in the level of their decision, subject matter structure, nature of the goals and implementation period, and the type of innovation.

To carry out innovative activities involve multiple parties: customers and investors, designers and suppliers, artists, and scientific and technical experts, managers and project team.

The control Cycle is represented in two stages: the development of an innovative project and management of innovative projects. A special role in the chain of all types of works played by the management of innovative projects. Running is considered a process in which the adopted and implemented managerial decisions related to the definition of objectives, organizational structure, planning and monitoring of the implementation of innovative actions in the light of the implementation of innovative ideas.

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The Aim of innovative projects is profit. But the development and full cycle of works, up to final implementation of projects in production, requires investment, to attract which need carefully waste business plan. The investor risks their funds, it is important for promising ideas.

To remove the fears of the investor, the business plan of the innovative project include basic information about the project, presenting the business–the ideas, the description of the enterprise, facility investment and management system, descriptions of the business–environment, institutional, financial and legal plans in the form of feasibility studies, risk and insurance.

The Business idea can be built on the basis of their research and development, the demands of consumers, competitors ' products, opinions of employees, various publications. The business plan must reflect the application of new product, there is space for a list of features and factors of attractiveness. This refers to the values, possibilities of purchase of the product, its price, function, environmental quality, product brand, its reliability and service life. To the novelty of the product shall be presented to the special requirement from the position of the presence of analogues on the market, the competitive advantage of the product, its market novelty, new applications.