Commercialization of innovative activities as a strategically important process for the economy of Ukraine and its business subjects

Iryna Andrushkiv, Uliana Ratych


The article examines the theoretical approaches of scientists to the definition of the concept of "commercialization of innovations" by individual scientists and researchers. It has been established that a single approach to the interpretation of the concept of "commercialization of innovations" has not yet been formed in the scientific literature, therefore this problem has not lost its relevance and as of today requires research and generalization. The fact that the commercialization of innovative products is one of the most important stages of innovative activity is emphasized, as due to the competent commercialization the innovations enter the market. It is emphasized that the commercialization of innovations acts as an important "intermediary" between scientific and technical development and the object of purchase and sale and is an effective lever with assistance of which the newly created innovative development brings the profit. Therefore, the commercialization of innovations is a kind of intermediary activity that connects scientific and technical and commercial activities. Despite the fact that the commercialization of innovative products is a complex and time-consuming process, its main advantage is the fact that it brings significant profits to the enterprise and improves its competitive capabilities. On the basis of the analyzed works, the factors that directly affect the commercialization of innovations are identified, namely: factors of direct influence (legislative changes; changes that occurred in the tax or budget systems; the growth of corruption, etc.); mediated factors (aggravation of political or military situations; environmental and natural disasters, etc.). Based on the conducted research, the following was confirmed: the commercialization of innovations is the most important element of the innovation process, as it represents the process of transforming the results of scientific and technical activities into products and their further effective implementation on an industrial scale. It has been established that commercialization takes the form of a kind of intermediary activity that connects scientific, technical and commercial activities and ensures the development of market relations and reflects their state as a catalyst. It was concluded that despite the significant complications of domestic economic development, the commercialization of innovations is able to provide the outlined tasks regarding the course of Ukraine to participate in the highly competitive environment of the European Union and other countries of the world.


commercialization of innovations; innovative activity; innovative products; intermediary activity; innovative process; market relations; profit; enterprise

Full Text:



Hlushchenko, L. D. (2014). Commercialization of innovations. Retrieved from: http:// 2014/Economics/10_174096.doc.htm [in Ukrainian].

Vanko, S. V. (2012). Management of commercialization of the results of innovative activity. Bulletin of NTU. 10. 72 -76. [in Ukrainian].

Tsybynoga, M. O., Starkova O.V., Hnuchych L.A. (2019). Organizational mechanism of the procedure of commercialization of innovations Information processing systems. Sustemu obrobku infirmatsiy, 2 (92), 273-276. [in Ukrainian].

Boyko, T. L. Commercialization of innovations in Ukraine: current state and prospects for activation. Retrieved from: [in Ukrainian].

Schumpeter, J. A. (1995). Capitalism, socialism and democracy. [in Russian].

Butko, M. P., & Popelo, O. V. (2015). Commercialization of the results of scientific and technical activities in the conditions of deepening integration processes Problemu ta perspectuvu economicu ta upravlinny, 1, 10-20 [in Ukrainian].

Poltoratska, A., & Stovba, T. (2021). Formation and implementation of the mechanism of commercialization of the results of innovative activity. Economic Analysis, 31(1). [in Ukrainian].

Chernomazyuk, A. G., & Yakimets, Y. V. (2014). Problems of commercialization of innovations in Ukraine. Retrieved from: [in Ukrainian].


Article Metrics

Metrics Loading ...

Metrics powered by PLOS ALM


  • There are currently no refbacks.

Copyright (c) 2022

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.


Articles are distributed under Creative Commons Attribution  International 4.0 (CC-BY-NC 4.0) 

Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa

© West Ukrainian National University

© «Ekonomichnyy analiz», 2007-2023