Sources of Financing and Functions of Elements of the System of Organization of Scientific and Technological Development

Relevance. The long period of innovative stagnation of domestic industry makes us think about the effectiveness of the set of measures to organize, stimulate and finance scientific and technological development that has been implemented during the reform period. Obviously, it is necessary to search for new approaches and solutions in this area that can refract the situation and bring domestic industry to the level of innovatively developed countries.
Purpose. The article attempts to justify and disclose the content of a number of key decisions on the transformation of the current system of organizing scientific and technological development to increase the level of innovative activity in industry.
Objectives. The study solved two interrelated problems: determining the sources of financing for factory science units as a key link in the emerging new system for organizing scientific and technological development and detailing the model of demand for innovation in industry.
Methodology. The study used methods of business modeling, statistical and comparative analysis, as well as methods of reforming production systems, which make up the content of modern concepts of production organization.
Results. According to the study, the organization of a counter-flow of demand for research and development results, formed at the level of departments of factory (corporate) science, with financial support, can turn innovative activities into a demanded and profitable process for participants in the creation and replication of new technology, technologies, organizational and marketing solutions.
Conclusion. The proposed set of organizational and economic technologies makes it possible to create prerequisites for solving an important economic problem of increasing the competitiveness of domestic industry due to the growth of the innovative level of products.

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