Journal of Applied Economic Research
ISSN 2712-7435
Methodical Aspects of Development of the Financial Model of Innovation Project in the Segment of Marine Hydrobiological Technologies
Saltykov M.A., Miuskova Ya.V.
Abstract
The aim of the research is to develop and evaluate the financial model of an innovative investment project based on hydroacoustic technologies to receive funding from the Skolkovo fund and other potential funding institutions for innovative projects. The object of the research is a technological project of a resident of the Skolkovo Foundation - LLC Gidrobionika, based on the research of scientists from the Pacific Branch of the All-Russian Research Institute of Fisheries and Oceanography (TINRO), the Far Eastern State Technical Fisheries University (Dalrybvtuz) and other scientists. The subject of the research is the methodological aspects of assessing the economic efficiency indicators of an innovative project in the segment of hydrobiological technologies. The study used the analysis of factors and risks, cash flow planning, evaluation of criteria NPV, DPI, IRR, PP, ARR, DPP, assessment of the sensitivity of these criteria to various factors based on scenario planning. During the study, a preliminary assessment of the potential market was carried out; segments of industrial fishing and recreational fishing were highlighted; an analysis of environmental factors was carried out; a forecast of production indicators was developed, criteria for the effectiveness of an innovative project were calculated, an analysis of the project's sensitivity was made taking into account scenario planning. The scope of the results lies in the subsequent detailed development of the analyzed technological project, the improvement of the design methodology of inno-vative projects in the field of hydrobiological technologies, the development of sonar technology, and the improvement of the venture financing mechanism. Main conclusions. The innovative project of a pneumoacoustic emitter has some potential for implementation, yet the project is subject to risks. When calculating the financial model for the optimistic scenario, the project demonstrates the positive values of all investment criteria. The calculation of various scenarios for the sensitivity of the financial model of the project showed that the project is subject to minor fluctuations in market conditions, changes in revenue, and an increase in operating costs. There is a number of systemic risks that can potentially have a negative impact on the economic viability of the project. To mitigate the risks, a complex of financial and economic measures is required.
Keywords
innovations; marine technologies; investments; innovation project efficiency; venture financing; innovative technologies; innovation project risks; hydrobiology; hydroacoustic equipment.
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About Authors
Saltykov Maksim Aleksandrovich – Candidate of Economic Sciences, Associate Professor, Department of Economic Theory and World Economy, Russian Customs Academy, Vladivostok, Russia (690034, Vladivostok, Strelkovaya Street, 16v); e-mail: saltykov_ma @ mail.ru
Miuskova Yana Valdemarovna – Master Student, Department of Finance and Credit, Far Eastern Federal University, Vladivostok, Russia (690922, Primorsky Krai, Russky Island, Saperny Peninsula, Village of Ayaks, 10); e-mail: mskv.yaana@gmail.com.
For citation
Saltykov M.A., Miuskova Ya.V. Methodical Aspects of Development of the Financial Model of Innovation Project in the Segment of Marine Hydrobiological Technologies. Bulletin of Ural Federal University. Series Economics and Management, 2019, Vol. 18, No. 4, 458¬-582. DOI: 10.15826/vestnik.2019.18.4.023.
Article info
Received July 23, 2019; Accepted August 16, 2019.
DOI: http://dx.doi.org/10.15826/vestnik.2018.17.4.023
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