SHS Web Conf.
Volume 101, 2021SAHD 2021 - 5th International Scientific and Practical Conference 2021 “Modern Science: Problems and Development Prospects (Social and Humanitarian Directions)”
|Number of page(s)||6|
|Section||Economics and Management|
|Published online||26 April 2021|
A model for commercializing the outcomes of innovation/research activity in universities
Sochi State University, Plastunskaya Str., 94, 354000 Sochi, Russia
* Corresponding author: firstname.lastname@example.org
Innovation activity is central to economic modernization. Despite the fact that Russia possesses serious scientific/technical potential, it has fallen significantly behind industrial countries in getting innovative solutions to an open commercial market. The nation has had difficulties in commercializing innovative output, which has kept it from achieving the economic returns that it deserves. The commercialization of R&D outcomes is indispensable to the strategic development of any organization. The insufficiently effective realization of innovation potential in Russia is largely due to the detachedness of innovation activity in higher education institutions from practice and a lack of interest from business – a key agent of innovation commercialization. The research reported in this paper focuses on the scientific/theoretical and practical/applied foundations of the process of commercializing the outcomes of innovation activity in higher education institutions. It has helped establish and gain an insight into some of the key issues in the area. The paper makes a case for the possibility of enhancing this process via a special model for commercializing the outcomes of innovation activity in higher education institutions.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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