The 10 reference contexts in paper Azamat Oteuliev A., Farkhod Mirzaev I., Азамат Отеулиев Абилкасымович, Фарход Мирзаев Исамович (2015) “ПУТИ ПОВЫШЕНИЯ РОЛИ ИННОВАЦИОННЫХ ЯРМАРОК В АКТИВИЗАЦИИ ИННОВАЦИОННЫХ ПРОЦЕССОВ В УЗБЕКИСТАНЕ // WAYS TO RAISE THE ROLE OF INNOVATIVE TRADEFAIRS IN ACTIVATING THE INNOVATIVE PROCESSESIN UZBEKISTAN” / spz:neicon:statecon:y:2015:i:4:p:67-72

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    Nowadays in the countries with the developed economies about 30% of inventions are implemented in practice, and about 45% of industrial enterprises carry out development and mastering of innovations
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    . Nowadays China is considered the largest exporter and importer of high-tech production (348,3 billion USD), which rapidly overtook and even outpaced leading exporters in high-tech sphere, such as the USA (141,52 billion USD), Germany (142,45 billion USD) and Japan (99,21 billion USD), and has become one of the leading exporters of hightech production [2].
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    Nowadays China is considered the largest exporter and importer of high-tech production (348,3 billion USD), which rapidly overtook and even outpaced leading exporters in high-tech sphere, such as the USA (141,52 billion USD), Germany (142,45 billion USD) and Japan (99,21 billion USD), and has become one of the leading exporters of hightech production
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    . Over the next years, Uzbekistan is actively implementing innovative developments in the economic process. In particular, the volume of innovative products has increased by 3,5 times in 2008–2013 and their overall value amounts to 4,62 trillion UZS in 2013 [3].
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    Over the next years, Uzbekistan is actively implementing innovative developments in the economic process. In particular, the volume of innovative products has increased by 3,5 times in 2008–2013 and their overall value amounts to 4,62 trillion UZS in 2013
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    . These achievements have become possible due to the prudent policy of the government directed to the economy modernization and its diversification. For example, a great achievement in this field is establishing the Committee on Coordination of Science and Technology Development under the Cabinet of Ministers of the Republic of Uzbekistan in compliance with the Decree of the President of the Rep
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    As a result of our research we would like to give proposals aimed at solution of existing problems and directed to implementing the mechanism of financing innovative products through venture capital. Different scientists tried to solve this problem in their researches. For example, P. Gompers and J. Lerner
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    studied the role of venture financing of investments and D. Neher [5] researched optimal ways of financing investment projects at each stage. 2. Analysis of the current state of innovative trade fairs In compliance with the Decree of the President of the Republic of Uzbekistan No 916 “On additional measures to encourage implementation of innovative projects and technologies” dated from July 15
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    As a result of our research we would like to give proposals aimed at solution of existing problems and directed to implementing the mechanism of financing innovative products through venture capital. Different scientists tried to solve this problem in their researches. For example, P. Gompers and J. Lerner [4] studied the role of venture financing of investments and D. Neher
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    researched optimal ways of financing investment projects at each stage. 2. Analysis of the current state of innovative trade fairs In compliance with the Decree of the President of the Republic of Uzbekistan No 916 “On additional measures to encourage implementation of innovative projects and technologies” dated from July 15, 2008 the annual “Fair of innovative ideas, technologies and projects
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    Such kind of establishing mutual cooperation between enterprises and research institutions plays a big role in further expanding innovation activity and strengthening economy of our country. More than 3700 elaborations, technologies and ideas of our scientists were represented during 7 fairs held in 2008-2014
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    . With the aim of Table 1 Contracts signed, financial funds and volume of goods produced in the framework of the I-VII innovation fairs Fairs Number of elaborations presented Number of contracts signed Financial volume on contracts signed (billion UZS) Volume of goods produced (billion UZS) I7002028,38255,7 II57030013,66123,2 III6003958,28193,1 IV5803358,3111,2 V42032511,8102,5 VI44041117
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    About 13% (in the financial amount of 10,0 billion UZS) hasn’t been completed. If 46,3% is the share of farms and small companies, 74 contracts signed hasn’t been implemented by the large industrial companies
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    . In particular, Joint-stock company “Uzbekistan auto industry”, Jointstock company “Uzbekistan chemical industry”, State Joint-stock company “Uzbekiston cotton industry”, State Joint-stock company “Uzbekiston energy” are in the slow process of implementing contracts signed during the fairs.
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    .11 Sum squared resid0.71 Schwarz criterion1.10 Log likelihood-1.91 Hannan-Quinn criter.0.92 F-statistic4.44 Durbin-Watson stat2.06 Prob (F-statistic)0.00 actively going on in all branches of the economy, enterprises of the real sector, and specialized scientific and practical research centres of Uzbekistan. However, the volume of innovative products amounts to only 3,88% in GDP
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    . This indicator is considered to be rather low in the share of the GDP. On the other hand, innovations can act as intermediaries in establishing mutual relations between research institutions and real sector of the economy and in the advanced countries, the low indicator can be due to the absence of venture capital of investors. 5.
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    In 1874 T. Sanders and G. Hubbard placed profitable investments in the project of A. Bell on producing telephones. G.P. Morgan and S. Trask financed electricity elaborations of T. Edison
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    . A founder of Silicon Valley of the USA Frederick Terman invested 538 USD in the development of highlevel oscillator invented by W. Hewlett and D. Packard and in 1939 this oscillator turned to be the first product of Hewlett Packard Company.
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    Moreover, Microsoft, Intel, Apple, Google, Cisco, United Healthcare, Amazon, Intuit, Netspace, eBay and other large companies have been encouraged through venture investments. Investments of venture capital funds
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    are provided for perspective innovative companies in exchange for the share in the company with the account of the fact that in the results of the successful development of the company during 5-7 years this share can be sold with the significant profit.
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