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ИД «Финансы и кредит»






Financial Analytics: Science and Experience

Managing the commercialization of intellectual products

Vol. 16, Iss. 1, MARCH 2023

Received: 2 December 2019

Received in revised form: 20 December 2019

Accepted: 10 January 2020

Available online: 28 February 2023


JEL Classification: I20, I25, I28

Pages: 16–36


Gilyan V. FEDOTOVA Volgograd State Technical University (VSTU), Volgograd, Russian Federation


Yuldash N. MAMENGAEV K.G. Razumovsky Moscow State University of Technologies and Management, Moscow, Russian Federation


Subject. While market actors produce new knowledge and commercialize it, the State evolves and relies on decent human resources. Hence, the State should have a policy for revitalizing business initiatives of intellectual innovation so that new research and development would be effectively implemented and used.
Objectives. The study evaluates the scope of intellectual products in Russia and their commercial potential in the commodities market. We determine what scientific approaches should be used to examine the concept of intellectual products, substantiate the issue of commercializing intellectual results in Russia. The article provides an overview of the regulatory framework of titles to R&D, evaluates the scope of R&D protection documents and innovative products. We also develop market mechanisms for commercializing intellectual products through e-commerce platforms.
Methods. We apply methods of systematization and analogy, generalization of data and logic comparison, methods of graphic and statistical analysis, trend analysis, comparative analysis, financial analysis.
Results. We substantiate and propose a mechanism for commercializing intellectual products based on Industry 4.0 principles. An e-trading platform will narrow the geography of search for scientists, developers, investors, manufacturers, buyers and services rendered through advanced intellectual products as much as possible and reduce the time it takes to do it.
Conclusions. We discovered what impedes the implementation of new scientific achievements and their subsequent commercialization in the national economy. The new knowledge commercialization mechanism will help ensure a search for counterparts and further implement the products into production. The findings can be useful for administrative management of new knowledge and idea generation, search for partners for commercializing the results, national policy for intellectual innovation development.

Keywords: intellectual work, innovation, new knowledge, new ideas, commercialization


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ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

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Vol. 16, Iss. 1
March 2023