Development of directions for modernizing means of technology transfer financing at the account of the non-banking financial market under martial law. the example of Ukraine

Hanna Shovkoplias (), Tetiana Shvydka, Oleksandr Davydiuk, Harri Klierini and Maxim Sharenko
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Hanna Shovkoplias: Yaroslav Mudryi National Law University
Tetiana Shvydka: Yaroslav Mudryi National Law University
Oleksandr Davydiuk: Yaroslav Mudryi National Law University
Harri Klierini: State Biotechnological University
Maxim Sharenko: Yaroslav Mudryi National Law University

Eastern-European Journal of Enterprise Technologies, 2022, vol. 5, issue 13(119), 52-59

Abstract: This study has revealed the inconsistency of the existing rules for regulating the process of financing technology transfer with the external geopolitical and economic challenges that Ukraine had to face. Including through the introduction of martial law and open armed aggression of the neighboring state. It has been substantiated that the current state of regulatory support for the process of financing and financial support for technology transfer does not meet the strategic interests of the state of Ukraine, the national economy, business, production, and society as a whole. The necessity of a significant expansion of the existing mechanisms for attracting free funds in relations related to the circulation of technologies in Ukraine has been proved. The existing restrictions on the capabilities of the non-banking financial sector in the implementation of financial support for the processes of creation, transfer of rights and implementation of technologies have been identified and systematized. An analysis of the feasibility of their weakening was carried out taking into consideration the interests of consumers of financial services and indirect financial investors. General potential directions, forms, and fundamentals, participation of the non-banking financial sector in the processes of financial support for technology transfer have been formed. These include investment, insurance, lending, financial guarantees, financial leasing, additional financing, and co-financing. The experience of the European Union in this area was analyzed. As a result of the study, the main directions of modernization and change of the current legislation of Ukraine were proposed. These changes are aimed at creating preconditions for involving the non-banking financial sector (financial institutions and financial companies) in the processes of financial support for technology transfer in Ukraine.

Keywords: financial support of technology transfer; technology transfer; non-bank financial services market (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:baq:jetart:v:5:y:2022:i:13:p:52-59

DOI: 10.15587/1729-4061.2022.265789

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