"Spin-off" enterprises act as a driver for the commercialization and sale of scientific developments created as a result of research conducted by professors, teachers, researchers, and students in higher educational institutions and scientific organizations.
"Spin-off" enterprises, created under higher educational institutions or scientific organizations, are engaged in generating income through the production and sale of products (services) based on scientific developments created as a result of research.
"Spin-off" enterprises encourage and support scientists, researchers, and students in conducting research aimed at creating developments that meet the requirements of a market economy.
As a result of the integration of "spin-off" enterprises into the market economy, a strong competitive environment is formed in the implementation of research.
This, in turn, increases the integration of higher educational institutions and scientific organizations with production, increasing their activity in the creation and supply of competitive and import-substituting innovative products and services to the economy.
Also, spin-off enterprises play a special role in the innovative development of the economy by creating new types of demand and needs in the market.
Why are spin-off enterprises necessary?
* Implementation of the results of scientific research: As a result of scientific research by university professors and students, new technologies are created. Spin-off enterprises create the possibility of applying these inventions in practice.
* Commercialization of developments: Spin-off enterprises allow obtaining economic benefits by bringing scientific developments to the market and their commercialization. These enterprises benefit not only universities and research institutes, but also society as a whole.
* Creation of new jobs: Spin-off enterprises, along with the development of new businesses and technologies, contribute to the creation of new jobs and economic development.
* Integration of scientific and practical knowledge: develops cooperation between new technologies and industry created as a result of scientific research, strengthens the integration of education and production through the implementation of new technologies into practice.
What are the advantages of spin-off enterprises?
1. Commercialization of scientific achievements: Spin-off enterprises allow scientific research and inventions to enter the market, which creates economic benefits and new products.
2. Technology Implementation: New developments and services are applied in real sectors and help solve social and economic problems.
3. Creation of an innovative environment: Spin-off enterprises provide a favorable environment for the creation and development of innovations.
4. Increasing global competitiveness: Spin-offs enhance a country's global competitiveness by creating new technologies and products.
Spin-off enterprises play a very important role in the practical implementation and commercialization of scientific achievements of higher educational and research institutions. They not only help create new innovative solutions, but also make a significant contribution to economic and social development.
