The role of academic spin-off companies in improving the competitiveness of universities

Abstract

Object: The development of innovations and commercialization of research results is a complex and important task of university management. Ensuring the relationship between science, education and business is becoming a target priority of the state as a whole, since such an approach is able to ensure the economic development of the country through the introduction of innovative products in various areas of production.Methods: General methods in economics, a logical description of the components and functions of digital technologies, a systematic approach.Results: The authors present a model of academic spin-off, developed based on studying various approaches to the content and organization of spin-off companies and the best international experience and reflecting the mechanism of spin-off functioning at universities in Kazakhstan and the role of management in this process. The authors conclude and recommend the improvement of the relationship between science, education, and business to ensure the economic development of the country through the introduction of innovative products in various areas of production.Conclusions: University should be the link between science and business. Effective university management in organizing spin-off companies at the university will allow businesses to understand its importance and the need to participate in the educational and scientific process. Another problem is the lack of innovative manufacturing entrepreneurship. The university can also play an important role in this problem, which will provide the training of relevant specialists.