TAILIEUCHUNG - Inovation Engineering Episode 12

Tham khảo tài liệu 'inovation engineering episode 12', kỹ thuật - công nghệ, cơ khí - chế tạo máy phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Financing Innovation 297 to 4 year period between the designing of the vehicle and its actual development and launch in the market the flexibility of design being a key factor in the competition between Japanese and European manufacturers since the beginning of the 1990s. Figure illustrates the various problems associated with the financing of innovation how does one resolve the difficulties specific to the beginning stages of the project which are the riskiest in the whole process of innovation What are the respective roles that public and private funding should play in financing How can one optimize the relay between the various categories of resource providers How can the company divide its business plan into successive stages that would correspond to as many pools Regarding finance innovation leads to three categories of needs material and intangible investment increase in the need for working capital that arises with the progress in development activity and finally expenses related to the project for example remuneration of the personnel involved in the research and development effort that could incur losses and even a negative cash flow. These three needs which are directly related to the implementation or development of the project appear in the finance plan. The company will have to mobilize resources in order to finance them. Total needs Physical and intangible investments Negative net cash flow increase of working capital What resources Figure . Operating needs in the financing plan Investment is defined in accounting by the acquisition of goods property and securities that are not consumed at the first use and that are meant to be used sustainably in the activity of the company1. Material investments represent equipment and material necessary for innovation whereas intangible investments cover expenses associated with R D and intellectual property marketing or 1 Let it be noted that in conformity with the principle of investment companies may .

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