Author(s): Nadya Mironova, Noncho Dimitrov, Yuri Tsenkov
This paper studies the local innovation development in the economy of the European Union through the description of conditions and factors of formation of competitive models of the technological collaboration of the state, science and business representatives. It was proved that the poly level complementary entrepreneurial model of the financial support of the local innovative development is successfully functioning in the European Union, and the most part of funds comes from national and supranational sources. We considered the innovation development stimulation mechanisms for small and middle size business.