კონფერენცია

∘ Dali Magrakvelidze ∘
BANKRUPTCY AND ITS PREDICTION USING PROBABILISTIC MODELS

Summary

Innovation is the driver of economic progress, it benefits the consumer, the business and the economy as a whole. One of the main benefits of innovation is its contribution to economic growth.

Despite their great economic importance, investing in innovation is a highly pressing problem, because it is difficult to attract investment in innovative projects due to the long-term nature of the investment and the lack of returns in the first stage, as well as the risk of unacceptable results. The life cycle of any investment, especially innovative, project is accompanied by the emergence and development of various risks, which reduce the effectiveness of its implementation and the possibility of practical non-implementation of the project. An important way to solve this problem is venture capital, which is an investment resource for securing innovative activities.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Dali Magrakvelidze ∘ BANKRUPTCY AND ITS PREDICTION USING PROBABILISTIC MODELS Summary Innovation is the driver of economic progress, it benefits the consumer, the business and the economy as a whole. One of the main benefits of innovation is its contribution to economic growth. Despite their great economic importance, investing in innovation is a highly pressing problem, because it is difficult to attract investment in innovative projects due to the long-term nature of the investment and the lack of returns in the first stage, as well as the risk of unacceptable results. The life cycle of any investment, especially innovative, project is accompanied by the emergence and development of various risks, which reduce the effectiveness of its implementation and the possibility of practical non-implementation of the project. An important way to solve this problem is venture capital, which is an investment resource for securing innovative activities.