Commercialization of innovations as a factor in the development of innovation activities

the article presents a comprehensive analysis of the research of the process of commercialization of innovations in the context of the factor ensuring the development of innovation. The article provides a literary review of existing conceptual approaches to determining the essence of commercialization of innovations and the life cycle of their commercialization. The analysis of economic indicators in the context of 2021-2024 is presented, which allows us to draw conclusions about the financing and costs of industrial enterprises for innovation activities and their effectiveness in the form of the volume of innovative products produced. Methods: analysis of theoretical approaches and commercialization tools (comparison of conceptual models and tools, review of commercialization cycles in the works of researchers), statistical analysis of the dynamics of innovation costs and production volumes of innovative products, synthesis of conclusions and practical observations. Results: the author has formulated the author's definition of the commercialization of innovations, demonstrated the growth of costs for innovative activities, analyzed the intensity of costs and the volume of production of innovative products. Conclusions: the analysis of statistical indicators allowed us to determine the proportionality of changes in costs and production volumes, which indicated the presence of imperfections in the commercialization of innovations in the Russian Federation. The article highlights the main problems and provides directions for their resolution.

innovation, innovative activity, innovative activity, innovative development, commercialization of innovations