Legal Issues of Financial Support for the Creation of High-Tech Industries with the Participation of Scientific Institutions in Ukraine

Abstract

In the conditions of martial law on the territory of Ukraine, taking into account the fact that a large part of the industrial and agricultural complex of Ukraine has been destroyed as a result of military operations, the transformation of the economy of our state is extremely important. It has been established that the key driver of economic growth of any state is high-tech production. Under such conditions, an important step for Ukraine today and in the post-war period is the reorientation of the economy from raw materials to high-tech. The main role in the creation of high-tech products is played by financial instruments and the presence of research and development potential in the economic entity or the possibility of obtaining such services from specialized institutions. The procedure for providing financial support for the creation of high-tech industries with the participation of higher education institutions and scientific institutions on the terms of co-financing, the draft of which was proposed by the Ministry of Education and Science of Ukraine, is designed to ensure access to the specified tools. This project is the first regulatory act in Ukraine, the purpose of which is to determine the conditions for providing financial support in the form of a grant for the creation of high-tech industries with the participation of higher education institutions and scientific institutions. The purpose of this article was the analysis of the draft Resolution of the Cabinet of Ministers of Ukraine “On approval of the Procedure for providing financial support for the creation of high-tech industries with the participation of higher education institutions and scientific institutions on the terms of co-financing” as an act designed to stimulate the production of high-tech products in Ukraine. In addition, the goal is to determine the advantages, as well as to outline the contradictions and gaps of the specified draft and to make relevant proposals for its improvement, using general scientific and special scientific research methods.