COMMERCIALIZATION OF INNOVATIONS IN UKRAINE: CURRENT STATUS

Abstract

Commercialization of innovations is a fundamental condition for the development of both micro- and macroeconomic aspects in the context of their impact on the creation of competitive advantages and economic development. Moreover, the commercialization of innovation is perhaps the most important challenge that all companies face. innovation goes beyond science or technology; it is something that is able to create value through the commercialization process. Commercialization acts as an important "intermediary" between scientific and technical development and the object of purchase and sale and is an effective lever thanks to which the newly created innovative development brings profit. The topic of commercialization of innovations has obviously received increased attention recently, but this subject of research is quite fragmented and distributed among different fields of research and disciplines. As a result, a variety of theoretical and empirical findings need to be explored, organized, and aggregated. The purpose of the article is to study the level of commercialization of innovations in Ukraine compared to world trends and to identify the problems of reducing the number of innovators-enterprises. Commercialization is a basic condition for the successful implementation of the results of innovative activities of high-tech enterprises in any country, therefore the article examines the rating of Ukraine according to the Global Innovation Index and identifies world leaders. The dynamics of the introduction of innovations at industrial enterprises of Ukraine in 2014-2020 were formed. The rating of the Top 5 most innovative companies of Ukraine in 2021 was analyzed. The result of the study was the identification of problems that significantly weaken the place of innovators-companies of Ukraine among world leaders. The article will be useful for specialists and scientists in the field of innovative marketing, management, logistics, teachers and students of higher educational institutions. For those who are interested in deepening their knowledge in the field of innovative development of Ukrainian enterprises in the context of product commercialization.