Cutting- edge science

CUTTING- EDGE SCIENCE
August | 2020
issues that are being progressively resolved. These include insignificant involvement of
small businesses in the innovation sphere, the weak formation of innovative infrastructure,
insufficient support for innovation by incentive mechanisms, and etc.
These and other issues require substantial financial support, which involves the
allocation of its two main forms - internal and external financing. Internal financing is
not very suitable for small businesses due to the limited resources of their own, whereas
external financing becomes the most adequate and effective for them. Therefore, as once
relevant is the consolidation of efforts of the government authorities and the business
community in terms of the development of mutually beneficial advantageous partnershi p.
However, practice has shown that the existing mechanism of co-financing of the state
and the private sector of innovative projects almost does not take into account the
interests of small business entities, and is mainly aimed at financing the activities of
state-owned enterprises or structures of strategic importance.
One more problematic place in using the potential of small business can be distinguished
- incomplete scientific research and its separation from production. This comes down to
the fact that the ongoing applied development does not have the continuation in the
form of commercialization and introduction into production. But, at the moment, in
Uzbekistan, the basis for innovative development is not just innovations, but fundamental
science as one of the strategic components of the development of the whole society, and
its ability to commercialize the results of scientific developments.
The solution to this problem is outlined in the Strategy for Innovative Development
of the Republic of Uzbekistan for 2019-2021s [1], which resulted in a new system for
the commercialization of scientific developments - from science to practice. The system
involves the tri ple "scientist - bank - entrepreneur". All of this requires the creation of a
number of institutions in the republic that can help entrepreneurs starting their business
and scientists to bring their ideas to the market. These include targeted technology
platforms, the development of technology parks, design and research departments at
industrial enterprises, and innovation centers, research institutions, and etc. With their
assistance, the further formation of an effective system of approbation, implementation
and practical development of promising scientific developments will be carried out. At
present, the country has already been implementing a policy for the establishment of
creating technoparks. The Resolution of the Cabinet of Ministers of the Republic of
Uzbekistan "On measures to create youth technology parks in the regions of the republic"
adopted on 22nd May, 2020, is aimed at increasing the innovative potential of the
regions through the development of youth "start-up" projects and creating a single
platform for their implementation.
In addition, it is important to create a comprehensive legislation in the country that
regulates the processes of innovation, including the commercialization of the results of
scientific and technical activities, as well as the support and financing of small businesses,
including the provision of additional incentives and privileges for enterprises that develop
and implement innovative projects.