PUBLIC-PRIVATE PARTNERSHIP AS A CATALYST FOR ENTREPRENEURSHIP DEVELOPMENT: MUTUALLY BENEFICIAL COOPERATION FOR ECONOMIC GROWTH

Abstract

Public-private partnership (PPP) is considered one of the effective instruments for collaboration between the government and the private sector in stimulating economic development. PPP can catalyze entrepreneurial growth, foster a favorable business environment, and accelerate infrastructure and socio-economic projects. This research aims to develop theoretical and methodological approaches to ensure public-private entrepreneurial development partnerships. Public-private partnership (PPP) is recognized as a driving force for entrepreneurial development, as it opens new prospects and opportunities for creating a favorable business environment. Ukraine's public-private partnership's entrepreneurial development principles have been formulated. The objectives and tasks of the program for the development of public-private partnerships for entrepreneurial development have been systematized, including goals and studies aimed at supporting and stimulating entrepreneurship through public-private partnerships: creating a favorable investment climate; supporting small and medium enterprises; fostering innovative entrepreneurship; expanding export potential; promoting sectoral collaboration. The main directions for establishing public-private partnerships in Ukraine for entrepreneurial development have been proposed. The following methodological approach is suggested to ensure a successful public-private partnership for entrepreneurial development, which includes the following stages: analysis of needs and goals, development of a strategy for public-private partnership for entrepreneurial development, improvement of the legislative framework, the establishment of communication mechanisms, financial support, creation of a favorable regulatory environment, support for education and training, monitoring and evaluation of joint PPP projects. This methodological approach will help create a conducive platform for public-private partnerships and contribute to entrepreneurial development. Research on the principles, methods, and directions for implementing public-private partnership mechanisms has allowed the construction of an organizational and economic model for its functioning with the aim of entrepreneurial development, enabling effective coordination among enterprises, market institutions, and government bodies for joint entrepreneurial development and the achievement of positive socio-economic results. Recommendations have been developed to ensure public-private partnerships for entrepreneurial development, which will contribute to economic growth. Keywords: public-private partnership, entrepreneurship, socio-economic development, business.