THE ROLE OF SCIENCE, TECHNOLOGY AND INNOVATION (STI) PARKS IN PROMOTING SUSTAINABLE ECONOMIC DEVELOPMENT OF UZBEKISTAN: PROBLEMS AND RECOMMENDATIONS

Abstract

The gap analysis of Uzbekistan's Science, Technology, and Innovation (STI) parks reveals several important areas that need focus and enhancement. The current performance of these parks reflects mixed outcomes in driving innovation and economic growth, facing considerable challenges in achieving effective collaboration among research institutions, industries, and government policies.
The main findings show that although Uzbek STI parks have made progress in business incubation, they still fall short in fostering significant technological advancements and diversifying the economy. Key obstacles include inadequate collaboration between universities and industries, limited access to venture capital, and a weak entrepreneurial culture.
The report highlights that successful STI parks thrive within a strong regional ecosystem, marked by a dynamic entrepreneurial spirit, active engagement from research institutions, and comprehensive support for startups. Creating these favorable conditions will be essential for Uzbekistan. Strategic suggestions involve strengthening the capabilities and engagement of STI park management, enhancing access to financial resources, and improving connections between universities and the private sector. The recommendations are categorized into those based on global best practices and those addressing the unique challenges faced by stakeholders in Uzbekistan's innovation system.
By tackling these gaps with focused policy initiatives and capacity-building efforts, Uzbekistan can utilize its STI parks to foster greater technological innovation and economic development, in line with successful practices seen in other STI parks around the world.