Proceedings of the International scientific and practical conference ―New York Global Science Conference 2026‖ (May 18-20, 2026) / Publisher website: www.naukainfo.com. – New York, USA, 2026. - 322 p.

15 Fig. 3. Areas for improving the management mechanism for financing an enterprise’s innovation activities Source: created by the authors According to data from the State Statistics Service of Ukraine, a significant portion of industrial enterprises’ innovation expenditures is funded from their own resources [5], Therefore, it is recommended that the company establish an internal ―innovation fund‖ into which funds from retained earnings and depreciation allowances will be channeled, in order to reduce dependence on external financing. With regard to diversifying external sources of financing, it is advisable to make greater use of government sources—budget funds, grants, subsidies, etc. — in accordance with legislative norms and state programs supporting innovation, utilize private investment (as a supplement to the enterprise’s own contributions and budget funds), and encourage the participation of foreign investors and international 1 • Optimization of the funding structure 2 • Diversification of external funding sources 3 • Strengthening oversight and evaluating the effectiveness of innovation investments 4 • Strengthening the regulatory and institutional framework 5 • The Digital Transformation of Financial Innovation Management 6 • The Development of "Green" (Sustainable) Finance 7 • Enhancing managers' competencies in the area of innovation financing 8 • Monitoring and Reporting 9 • The integration of artificial intelligence into financial and human resources decision-making processes