THE IMPORTANCE, SCIENTIFIC, THEORETICAL, AND LEGAL FOUNDATIONS OF ATTRACTING INVESTMENT IN INNOVATION
DOI:
https://doi.org/10.60078/3060-4842-2025-vol2-iss5-pp361-373Abstract
This article analyzes the importance, scientific, theoretical, and legal foundations for attracting investment in innovation. Investment is viewed as a key factor in transforming scientific ideas into new products and technologies. Scientific and theoretical approaches to the relationship between investment and innovation (Schumpeter, Drucker, the concept of national innovation systems, and endogenous growth models) are discussed. The legislative framework of the Republic of Uzbekistan is examined from a legal perspective, including the Laws "On Investments and Investment Activities" (2019), "On Innovation Activities" (2020), and the Innovative Development Strategy for 2022-2026. Venture capital financing mechanisms, regulatory testing platforms for startups, and international experience are discussed. The need for a comprehensive approach combining government support, private capital, and legal guarantees to ensure sustainable innovative growth is emphasized.
Keywords:
innovation investment science innovation activity legal framework national innovation system venture capitalReferences
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