ULOGA DRŽAVE U KOMERCIJALIZACIJI NOVIH TEHNOLOGIJA
THE STATE’S ROLE IN COMMERCIALISING NEW TECHNOLOGIES

Author(s): Mitja Kovač, Larisa Omanović, Metka Pintar, Maja Zupan
Subject(s): Business Economy / Management, Economic policy, Political economy, Fiscal Politics / Budgeting, Accounting - Business Administration
Published by: Finrar d.o.o Banja Luka
Keywords: Innovations; government policies; innovation ecosystem; start-up companies;
Summary/Abstract: Progress in all industries is based, above all, on innovation. For all sectors to realize their full potential, tailored policies are needed that address their unique challenges and opportunities. The paper examines five pillars of innovation: intellectual property rights, subsidies for research and development (R&D), research universities, tax policy and institutional quality. The research is based on two main goals. The first objective is to identify the government policies needed to bridge the gap between research and commercialization, to ensure successful commercialization with maximum economic and social impact. The second goal is to determine, using the example of Slovenia, how the institutional framework, together with state policies, can foster a dynamic innovation ecosystem that encourages commercialization, while encouraging start-up companies to achieve initial growth and "unicorn" status. In order to encourage the commercialization of technology, Slovenia must implement key fiscal policies, including tax incentives such as: patent boxes, reduction of tax rates and accelerated depreciation for high-tech investments. These measures would ease financial burdens and encourage greater private investment in innovation. Simplifying the intellectual property registration process and quickly issuing patent approvals would further support newly established companies in the protection and commercialization of their inventions.

• Details
• Contents