ACADEMIC ENTREPRENEURSHIP AS AN IMPORTANT FACTOR OF SUSTAINABLE ECONOMIC DEVELOPMENT

The article reveals the essence and importance of academic entrepreneurship as an important factor in sustainable economic development. The emphasis was placed on the growing role of academic entrepreneurship in all academic personnel and in all economic subjects of innovation activity. The article studies the research and innovation activities of universities in developed countries, as well as innovative enterprises as subjects of academic entrepreneurship, as well as their problems in the process of formation and functioning.Modern universities also take on the mission of presenting the results of their research and business activities to the business environment, in addition to education and basic research, and also turn scientific research laboratories and community centers into economic actors that play an important role in the innovation process. The actions of key participants, such as pioneers, innovators and investors involved in the implementation of innovations in the field of commercialization of university innovations, as well as the close relationship of the concept of commercialization with market relations were review ed.In order to achieve high technological results in the innovation sector, the issues of attracting potential investors and public funding of universities were considered. To assist small innovative enterprises, the urgency of the creation of business incubators and investment institutions by the state is justified. The issues of improving the financial policy mechanism for the development of academic entrepreneurship, especially improving the lending and taxation system, stimulating innovation, expanding the intermediate function between state universities, research organizations and industrial companies were carefully studied. Substantial proposals and recommendations for improving the methods and forms of commercialization of results and innovation of university research are provided.