Technology transfer in the system of innovation development: challenges and opportunities

The paper is aimed at assessing the processes of technology transfer in the context of innovative economic development and to develop measures to improve them. The article examines the economic essence, importance of technology transfer, and features of its use. It is found that the most problematic issues in the use of technology transfer in Ukraine are insufficient financing of innovation activities, weak interconnection of scientists and practitioners, lack of interest of researchers in promoting developments, imperfection of state regulation and patent and license support, etc. In order to address these issues, it is proposed to improve funding for researchers at the expense of the state budget, international funds, private capital, investors, grant programs, etc. The attraction of private capital to the implementation of new technologies can also be facilitated by the spread of tax incentives for business entities. This paper presents a new toolkit aimed at enhancing technology transfer in Ukraine. It is focused on building relationships between science and business. Along with solving financial problems, it involves the widespread use of various online and advertising products to ensure the most efficient and rapid information and communication between scientists and representatives of business organizations, and the formation of a modern technology transfer infrastructure. The article outlines the features of effective technology transfer in Ukrainian practice and in developed countries. The proposed approaches to intensifying technology transfer management, unlike the known similar ones, which are mainly characterized by one-sidedness of problem solving, are the most systematic, focused on broad information and communication of participants in the innovation process. The latter can be carried out through the active use of online resources and the latest digital technologies. It is assumed that in the long term, this can provide significant results and create additional opportunities for more effective innovative development of the Ukrainian economy.