Innovative company profile: age, size and sources of financing

Purpose: The purpose of this work is to presents the features of an innovative company, especially age, size and sources of financing. In addition, the paper shows the impact of these features on the company's innovation and the relationship between age, size and the available financing methods. Design/methodology/approach: Due to the cognitive nature of the article, the aim of the work will be achieved using the method of analyzing the literature on the subject. Literature studies include Polish and foreign publications. Findings: Innovations are the basis for the functioning of enterprises in competitive markets. Innovative enterprises are able to adapt to environmental conditions and quickly respond to the needs of consumers. The presented research confirms the positive relationship between the increasing size of the company and the growing level of innovation. In the case of the relationship between the development stage and innovation, it is indicated that younger companies are more inclined to implement innovations than mature ones. It is worth emphasizing that the degree of innovation of a company, in addition to its size and maturity, also depends on many other factors, including: type of innovation, enterprise, industry or business model. Originality/value: The article is a review of the literature on innovative company. This work can help entrepreneurs who want to innovate their companies and achieve long-term growth because it allows to understand the impact of a company's size and maturity on its level of innovation. Moreover, managers can find out what sources of capital they can use depending on the characteristic of their enterprise.