Various approaches to the commercialization of the results of innovative activities of joint enterprises are considered. According to the results of the review of the results of the evaluation of the innovative activity of the countries of the world, a ranking scheme of the leading countries in terms of the directions of innovative activity was generated. The process of commercialization of the results of innovative activities of enterprises is described. Systematized methods of evaluating the potential of commercialization of innovative activity, among which the method of technological audit, the method of fuzzy logic and the four-dimensional approach are highlighted.
Approaches to evaluating its effectiveness are considered. Emphasis is placed on the main criteria in approaches to the commercialization of innovations, namely on the evaluation of the potential of commercialization and the assessment of its effectiveness. The list of indicators allowing to evaluate the financial result of the commercialization of the company’s innovations is highlighted.
Methods of assessing the prospects and readiness for market commercialization of innovative developments, which are most adaptable for joint ventures, are described. The priority list includes the methodology for assessing the readiness for market commercialization of scientific developments, the TRL (Technology Readiness Level) methodology, developed by the US National Aerospace Agency NASA, and the TPRL (Technology Project Readiness Level) methodology.
The main centers of transformation of innovative ideas or research results into marketable products or services are highlighted. The focus is on Technology Transfer Offices (TTO), startup accelerators and incubators, public-private partnerships, direct investment in research and development, open innovation, cluster innovation projects, and market-oriented innovation.
The procedure for assessing the levels of suitability for commercialization of innovative development is illustrated. Based on the results of the conducted research, a general scheme for the commercialization of innovations was built.
- Malec, M., Stańczak, L. & Ricketts, B. (2020). Integrated Commercialization Model of Research and Development Project Results. Management Systems in Production Engineering. Volume 28, Issue 4. Retrieved from http://www.researchgate.net/publication/346937634_Integrated_Commerciali...
- Sager, L.Yu., Sygyda, L.O. & Bondarenko, A. F. (2022). Rozroblennya modeli komertsializatsiyi innovatsiy na osnovi vrakhuvannya “vuz’kykh” mists’ [Development of a model of commercialization of innovations based on consideration of bottlenecks], 23. Ekonomichnyy visnyk NTUU “Kyyivs’kyy politekhnichnyy instytut” [Economic bulletin of NTUU “Kyiv Polytechnic Institute”]. Retrieved from: https://ev.fmm.kpi.ua/article/view/264661/260833
- Szarek, M. & Pachciarek, H. (2021). Organizational potential of universities for commercialization – the analysis of university management models in the scope of commercialization. Procedia Computer Science, 192, 4467–4477. Retrieved from: https://www.sciencedirect.com/science/article/pii/S1877050921019633?via%...
- Nurpeisova, A., Niyazbekova, Sha. & Dyussembayeva, L. (2019). Problems of development of mathematical models and creation of innovative products in the Republic of Kazakhstan. 1st International Scientific Practical Conference “The Individual and Society in the Modern Geopolitical Environment”. Retrieved from: https://www.researchgate.net/publication/334642833_Problems_of_developme...
- Komertsializatsiya ob’yektiv intelektual’noyi vlasnosti: aktual’nist’ problemy [Commercialization of intellectual property objects: relevance of the problem]. Retrieved from: http://iii.ua/uk/komercializaciya-obiektiv-intelektualnoyi-vlasnosti-akt...
- U. S. Chamber of Commerce. 2022 International IP Index. Retrieved from: https://www.uschamber.com/ intellectual-property/2022-international-ip-index
- Mizhnarodnyy indeks intelektual’noyi vlasnosti 2022 [International Intellectual Property Index 2022]. Retrieved from: http://iii.ua/uk/mizhnarodniy-indeks-intelektualnoyi-vlasnosti-2022#over...
- Zhang, Sh. & Yastrubskyi, M. Ya. (2023). Stanovlennya fiscal’noyi polityky Kytayu ta Ukrayiny y perspektyvy rozvytku ukrayins’ko-kytays’koyi ekonomichnoyi diyal’nosti [Formation of the fiscal policy of China and Ukraine and prospects for the development of Ukrainian-Chinese economic activity] International Interdisciplinary Scientific Journal “Expert”, 1, 111–127.
- Yastrubskyy, М. & Kaikun, Wu. (2023). Commercialization of the results of innovative activity of joint Ukrainian-Chinese enterprises. Visnyk Natsionalʹnoho universytetu “L’vivs’ka politekhnika”. Seriya “Problemy ekonomiky ta upravlinnya” [Bulletin of the Lviv Polytechnic National University. Series “Problems of economics and management”], 1, 96–106.
- Lipkova, L. & Braga, D. (2016). Measuring commercialization success of innovations in the EU. Marketing and Management of Innovations, 4, 15-30. Retrieved from: https://doi.org/10.21272/mmi.2016.4-01
- Mitus, Ks., Baranov, A. & Drebot, A. (2021). Optimal Method Selection for Assessing the Prospects and Readiness for Market Commercialization of Scientific Researches and Development. Proceedings of the 1st International Scientific Forum on Sustainable Development of Socio-economic Systems. Retrieved from: https://api.semanticscholar.org/CorpusID:253335523
- Zhang, Sh. & Yastrubskyi, M. Ya. (2024). Modelyuvannya system fiskal’noyi polityky v umovakh ukrayins’ko-kytays’koyi ekonomichnoyi spivpratsi [Modelling fiscal policy systems in the conditions of Ukrainian- Chinese economic cooperation]. Kyyivs’kyy ekonomichnyy naukovyy zhurnal [Kyiv Economic Scientific Journal], 4, 259–275.
- Yastrubskyy, M. Ya., Kuzmin, O. Ye. & Krevs, V. Ye. (2017). Use of management experience of leading universities and colleges of East Asia in the process of reforming the high school of Ukraine. Ekonomika: realiyi chasu[Economy: realities of time], 2 (30), 56–63.
- Yastrubskyy, Mykhailo, Zheng, Xiaosong & Jin, Xuxin. (2023). Corporate digital transformation and financial reporting quality: an empirical study of Chinese listed companies. Transformations in Business and Economics, 3 (60), 246–265.
- Yastrubskyi, M., Zhang, Sh., Chenfan, H. & Kaikun, W. (2023). Carbon emissions from international trade and consumption: assessing the role of cumulative risk for EU and Chinese economic development. Energy Strategy Reviews, 50, 101219-1–101219-11.
- Pro innovatsiynu diyal’nist’. Zakon Ukrayiny vid 4.07.2002 No. 40-IV. [About innovative activity. Law of Ukraine dated July 4, 2002 No. 40-IV]. Vidomosti Verkhovnoyi Rady Ukrayiny [Bulletin of the Verkhovna Rada of Ukraine]. Kyiv, 2002, 36.