IMPROVING FINANCIAL SUPPORT SYSTEMS FOR INNOVATIVE OPERATIONS IN TEXTILE ENTERPRISES
Keywords:
innovation, textile enterprises, financial support, financing strategies, investment, innovation financing, sustainable development, R&D funding, textile industry modernization, government incentives, financial instruments, venture capital, public-private partnerships, SME financing, innovation policy, funding challenges, technological transformation, financial planning, green innovation, competitiveness.Abstract
Innovation has become a key driver of competitiveness and long-term sustainability in the textile industry. However, access to adequate and effective financial support remains a major constraint for many textile enterprises, particularly in developing economies. This article explores the challenges associated with financing innovative activities in textile firms and proposes strategic directions to improve financial support systems. The study emphasizes the role of internal and external financing sources, public-private partnerships, government incentives, and financial risk management in enhancing innovation capabilities in the textile sector.
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