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Source: Journal Citation ReportsTM from ClarivateTM 2022

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2022) 1.7
Journal Citation IndicatorTM (2022) 0.42
Received: 2020-02-23  |  Accepted: 2020-07-10  |  Published: 2020-09-30

Title

A review of the European Union financial instruments supporting the innovative activity of enterprises in the context of Industry 4.0 in the years 2021-2027


Abstract

The new global wave of disruptive innovations, which is based on the evolution of the industrial sector towards Industry 4.0, requires support for investments increasing the indicators of digitization, automation and robotization of enterprises. That is why one of the most important contemporary challenges facing enterprises in the context of Industry 4.0 is finding sources of financing to support innovative activities. Although the literature is abundant in studies on Industry 4.0. development, relatively little attention has been paid to the ways of financing these ventures or to a political environment that would favor the financing of the Fourth Industrial Revolution. The purpose of this article is therefore to identify EU financial instruments promoting business innovation in the context of Industry 4.0 in the years 2021-2027. The article was based on a systematic review of the literature and documents of the European Commission. In line with the adopted methodology, the entire research process consisted of three stages: (1) isolating databases and a set of publications, (2) selecting publications, developing a database, (3) bibliometric analysis, content analysis and testing relevance of results for further research.


Keywords

EU financial instruments, innovative activity, financial framework 2021-2027, Industry 4.0, systematic literature review


JEL classifications

L16 , O31 , O33 , O38


URI

http://jssidoi.org/jesi/article/677


DOI


Pages

1146-1161


Funding

The article is the result of the researches performed, partially financed by the University of Zielona Góra, within the competition called Small Grants.

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Wyrwa, Joanna
University of Zielona Góra, Zielona Góra, Poland https://www.uz.zgora.pl
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

8


Number

1


Issue date

September 2020


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

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References