INNOVATION FINANCING MECHANISMS FOR ENTERPRISES IN UZBEKISTAN: CURRENT STATE, SYSTEMATIC ANALYSIS, AND STRATEGIC DEVELOPMENT DIRECTIONS

Sukhrob Turanov

Innovation science and technologiy · 2025-yil

Annotatsiya

This article provides a comprehensive and systematic analysis of the current state of innovation fnancingmechanisms for enterprises in the Republic of Uzbekistan. The research identifes key challenges in funding innovationprojects within the manufacturing sector, including excessive reliance on internal fnancial resources, limited attractionof foreign investments, and constrained access to commercial bank loans. Particular attention is given to the unequaldistribution of R&D (Research and Development) expenditures across sectors and regions, which exacerbates territorialdisparities in innovation performance.Using empirical data from 2019–2023, the study examines the dynamics of innovation expenditures, the pace oftechnological adoption, industrial innovation activity, and changes in funding structures. The fndings underscore the needto diversify fnancing sources, expand public-private partnership mechanisms, and implement digital monitoring systemsfor innovation projects. This article offers a robust methodological and practical foundation for enhancing the nationalinnovation ecosystem, accelerating technological transformation, and guiding strategic policymaking for sustainableeconomic development.

Maqola ma’lumotlari
MualliflarSukhrob Turanov
JurnalInnovation science and technologiy
Nashr sanasi2025-05-30
Jild1
Son5
Betlar72-80
TilIngliz
DOI10.5281/zenodo.17443631

Kalit so‘zlar

innovation activity, fnancing mechanism, R&D expenditures, technological innovation, investment sources, industrial enterprises, public-private partnership, diversifcation, economic stability.

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