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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">sat</journal-id><journal-title-group><journal-title xml:lang="ru">НАУКА и ТЕХНИКА</journal-title><trans-title-group xml:lang="en"><trans-title>Science &amp; Technique</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2227-1031</issn><issn pub-type="epub">2414-0392</issn><publisher><publisher-name>Belarusian National Technical University</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.21122/2227-1031-2025-24-5-411-420</article-id><article-id custom-type="elpub" pub-id-type="custom">sat-2900</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>ЭКОНОМИКА ПРОМЫШЛЕННОСТИ</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>ECONOMY IN INDUSTRY</subject></subj-group></article-categories><title-group><article-title>Формирование инвестиционного потенциала научно-промышленного комплекса: от теории роста к направлениям развития</article-title><trans-title-group xml:lang="en"><trans-title>Formation of the Scientific-Industrial Complex Investment Potential: From Growth Theory to Development Directions</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Устинович</surname><given-names>И. В.</given-names></name><name name-style="western" xml:lang="en"><surname>Ustinovich</surname><given-names>I. V.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Адрес для переписки:Устинович Ирина Валерьевна – кандидат экономических наук, доцент,Белорусский национальный технический университет, просп. Независимости, 65,220013, г. Минск, Республика Беларусь Тел.: +375 17 292-77-96</p><p>ustinovich@bntu.by</p></bio><bio xml:lang="en"><p>Address for correspondence:Ustinovich Irina Valerievna – Belarusian National Technical University,65, Nezavisimosty Ave.,220013, Minsk, Republic of Belarus Tel.: 375 17 292-77-96</p><p>ustinovich@bntu.by</p></bio><email xlink:type="simple">ustinovich@bntu.by</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Калинина</surname><given-names>О. В.</given-names></name><name name-style="western" xml:lang="en"><surname>Kalinina</surname><given-names>O. V.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Доктор экономических наук, профессор,г. Санкт-Петербург</p></bio><bio xml:lang="en"><p>Saint Petersburg</p></bio><xref ref-type="aff" rid="aff-2"/></contrib><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Лукашевич</surname><given-names>Н. С.</given-names></name><name name-style="western" xml:lang="en"><surname>Lukashevich</surname><given-names>N. S.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Кандидат экономических наук, доцент,г. Санкт-Петербург</p></bio><bio xml:lang="en"><p>Saint Petersburg</p></bio><xref ref-type="aff" rid="aff-2"/></contrib><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Алексеева</surname><given-names>Н. С.</given-names></name><name name-style="western" xml:lang="en"><surname>Alekseeva</surname><given-names>N. S.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Кандидат экономических наук, доцент,г. Санкт-Петербург</p></bio><bio xml:lang="en"><p>Saint Petersburg</p></bio><xref ref-type="aff" rid="aff-2"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Белорусский национальный технический университет</institution><country>Беларусь</country></aff><aff xml:lang="en"><institution>Belarusian National Technical University</institution><country>Belarus</country></aff></aff-alternatives><aff-alternatives id="aff-2"><aff xml:lang="ru"><institution>Санкт-Петербургский политехнический университет Петра Великого</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Peter the Great St. Petersburg Polytechnic University</institution><country>Russian Federation</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2025</year></pub-date><pub-date pub-type="epub"><day>29</day><month>10</month><year>2025</year></pub-date><volume>24</volume><issue>5</issue><fpage>411</fpage><lpage>420</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Устинович И.В., Калинина О.В., Лукашевич Н.С., Алексеева Н.С., 2025</copyright-statement><copyright-year>2025</copyright-year><copyright-holder xml:lang="ru">Устинович И.В., Калинина О.В., Лукашевич Н.С., Алексеева Н.С.</copyright-holder><copyright-holder xml:lang="en">Ustinovich I.V., Kalinina O.V., Lukashevich N.S., Alekseeva N.S.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://sat.bntu.by/jour/article/view/2900">https://sat.bntu.by/jour/article/view/2900</self-uri><abstract><p>Анализ основных теорий и моделей роста позволил обосновать инновации и инвестиции в качестве системообразующих факторов устойчивого экономического развития, а оценка истории становления белорусской государственности на современном этапе – выявить основные направления развития ее экономики (диверсификация, привлечение иностранных инвестиций, развитие человеческого капитала, реформирование государственного промышленного сектора, социальная защита и справедливость). Проведена оценка отношений между государством и рынком, формирующая уровень взаимодействия органов государственного управления с научными и промышленными организациями за период с момента становления белорусской государственности на современном этапе ее развития до настоящего времени. Проведенный анализ текущего состояния отдельных индикаторов оценки и способов использования различных рычагов механизма государственного управления, оценки динамики ключевых показателей развития научно-промышленного комплекса в России, а также изучение зарубежного опыта позволили выработать предложения по перспективным направлениям государственной политики в области привлечения инвестиций для реализации программы развития научно-промышленного комплекса. Настоящее исследование направлено на определение условий и форм привлечения инвестиций для формирования и развития научно-промышленного комплекса (НПК) с учетом текущих экономических реалий Республики Беларусь, оценку потенциала государственной инвестиционной политики и выработку практических рекомендаций. В качестве задач исследования выделяются: анализ динамики инновационного развития, выявление препятствий к формированию эффективного НПК, а также сопоставление национальной практики с международным опытом.</p></abstract><trans-abstract xml:lang="en"><p>The analysis of the main growth theories and models has justified innovations and investments as the systemic factors of sustainable economic development. The evaluation of the Belarusian statehood formation history at the present stage has identified the main directions for the development of its economy (diversification, attracting foreign investments, developing human capital, reforming the state industrial sector, social protection, and justice). An assessment of the relations between the state and the market, which form the level of interaction of state administration bodies with scientific and industrial organizations for the period from the formation of the Belarusian statehood at the present stage of its development to the present day, has been carried out. The conducted analysis of the current state of individual assessment indicators and methods of using various levers of the public administration mechanism, assessment of the dynamics of key indicators of the development of the scientific-industrial complex (SIC) in Russia, as well as the study of foreign experience made it possible to develop proposals for promising areas of state policy in the field of attracting investments for the implementation of the program for the development of the scientific and industrial complex. The study is aimed at determining the conditions and forms of attracting investments for the formation and development of the SIC, considering the current economic realities of the Republic of Belarus, assessing the potential of the state investment policy and developing practical recommendations. The objectives of the study include: analysis of the dynamics of innovative development, identification of obstacles to the formation of an effective SIC, as well as comparison of national practice with international experience.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>инновационное развитие</kwd><kwd>научно-промышленный комплекс</kwd><kwd>отношение между государством и рынком</kwd></kwd-group><kwd-group xml:lang="en"><kwd>innovative development</kwd><kwd>scientific-industrial complex</kwd><kwd>relations between the state and the market</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Romer, P. M. Endogenous Technological Change / P. M. Romer // The Journal of Political Economy. 1990. Vol. 98. No 5. Part 2. P. 71−102. https://doi.org/10.1086/261725.</mixed-citation><mixed-citation xml:lang="en">Romer P. M. (1990) Endogenous Technological Change. 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