THE ROLE OF SOCIAL ENTREPRENEURSHIP AND SOCIAL INNOVATION IN REGIONAL DEVELOPMENT

Abstract

In world economic development, the importance of innovations, including social innovations, is acquiring an increasingly important role. But it is necessary to take different groups of factors into account in the state's innovation policy, is due to the fact that they can both contribute to and hinder innovative development. Social entrepreneurship is an effective tool for solving social problems and contributes to leveling the shortcomings of state management of a market economy. It acts as a connecting bridge between the public and private sectors, while working closely with both. The aim of research is to determine the stimulating and inhibiting factors for the development of social innovations. This research identifies factors and effect of social entrepreneurship and social innovation in regional development. The study uses monographic method, methods of analysis and synthesis, method of scientific induction and scientific deduction. In scope of the research, the author have clarified role of social entrepreneurship and social innovation in regional development, and create classification of financing resources for social innovation.