Development and support of small innovative entrepreneurship in Europe and the USA Support for small innovative entrepreneurship in Europe and the USA

Modern business practice shows that small innovative entrepreneurship needs special support in the context of rapid development of science and technology. To implement the outlined, various business support programs are being developed at a rapid pace, which are being actively implemented in practice. The aim of the article is to present the conceptual features of the development and support of small innovative entrepreneurship in Europe and the United States. The purpose of the academic paper is to present the conceptual features of supporting small innovative entrepreneurship in Europe and the United States of America. A number of research methods have been used to reveal the purpose of the article, including such as: system-structural method, method of description, method of theoretical analysis, method of comparison, method of observation, method of synthesis, experimental method, modeling method, grouping method, generalization method. It has been proved that in European countries and the USA the policy of support of small innovative business is actively pursued. It has been found that the UK has developed and implemented Europe 2020: Scottish national reform program 2017, which provides support for small innovative businesses by promoting innovation in the business environment. It has been established that the Netherlands intends to expand opportunities to increase funding for small innovative entrepreneurships and provide favorable conditions for interaction between the private sector and scientists and researchers. It has been determined that in Germany the support of small innovative enterprises is granted by BVIZ, which provides opportunity and initiates potential entities to conduct small innovative entrepreneurship and activities in the direction of technology transfer and promotion of economic development. It has been established that in the USA support of small innovative entrepreneurships is provided by Small Business Development Centers which operate in various states of this country at local level and provide direct consulting services concerning prospects of business planning, legality (legitimacy) of activity, prospects of development of scientific researches, prospects of development of technics and technologies. It has been found that in addition to states, support for small innovative entrepreneurships is provided by international organizations and institutions, such as European Bank for Reconstruction and Development and the European Commission.