The purpose of this study is to propose a model for assessing the current state of innovation development of industrial enterprises in Bulgaria by evaluating the status of key indicators. The main task to achieve the so defined objective is to define indicators that serve to build the assessment model. The methods used to achieve the goal and accomplish the tasks are factor analysis, methods of comparison, analysis and synthesis. As a result, a model was developed to assess the level of innovation development of industrial enterprises, which can serve for future assessments, comparisons and revealing opportunities for enhancing innovation development.

DOI: https://doi.org/10.3846/bm.2023.965