Problems of research and development commercialization in Ukraine
Economic Annals-ХХI: Volume 141, Issue 5-6, Pages: 25-28
Citation information:
Mazur, I., & Kot, L. (2014). Problems of research and development commercialization in Ukraine. Economic Annals-XXI, 5-6, 25-28. https://ea21journal.world/index.php/ea-v141-06/
Iryna Mazur
D.Sc. (Economics),
Professor,
Head of Entrepreneurship Department,
Taras Shevchenko Kyiv National University
90 a Vasylkivska Str., 03022, Kyiv, Ukraine
iimazur@ukr.net
Lyudmyla Kot
PhD (Economics),
Lecturer,
Taras Shevchenko Kyiv National University
90 a Vasylkivska Str., 03022, Kyiv, Ukraine
lyuda.kot@gmail.com
Problems of research and development commercialization in Ukraine
Abstract. Сommercialization of innovative scientific developments, innovative products using and actively promoting to the market should become one of the main conditions for competitiveness of Ukrainian enterprises improving in the processes of European integration.
The purpose of the article is to break out the gist of the term «commercialization of scientific developments», to define the main elements of the process of commercialization, which in their combination aim at increasing the activity on commercialization of scientific development, and activate on this basis objectivities of practical recommendations for financial and legal support of R&D by the government.
Result. The process of commercialization of scientific development will be effective only under the following basic conditions combination: firstly, the choice of the definitive method of commercialization, secondly, the availability of the sufficient financial resources, thirdly, the availability of the innovation infrastructure and, fourthly, the competent staff.
Conclusion. The effective implementation of the scientific development commercialization in the economy of Ukraine requires, first of all, the governmental support in financing the innovative business activity; as well as the special emphasis on the development of innovation infrastructure, including the formation of cooperation mechanisms between higher education institutions and enterprises to commercialize scientific developments. Commercialization of scientific developments is impossible without a clear legal regulation of relations in innovation activity from the stage of the idea emergence to creating, developing and further implementing of the innovative product to the market. The special emphasis should be on training professionals who can manage and implement innovative technologies in manufacturing, where the main role should belong to higher education institutions.
Keywords: R&D; Commercialization; Innovative Activities; Innovative Risk; Innovative Infrastructure; Venture Capital
JEL Classification: G23; G24; G32; G38
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Received 13.04.2014