On December 11, 2025, a round table "Commercialization of Scientific Developments of the NAS of Ukraine" was held at the Institute of Economics and Forecasting of the NAS of Ukraine, attended by over 160 participants – representatives of leading scientific institutions of the National Academy of Sciences of Ukraine, central and regional executive authorities, enterprises, business associations, small and medium-sized businesses, as well as international and Ukrainian experts.
The director of the Institute of Economics and Forecasting of the NAS of Ukraine, academician of the NAS of Ukraine Valeriy Heyets, addressed the participants with a welcoming speech. In his speech, he emphasized that the idea of creating and implementing effective mechanisms for integrating academic developments into the market environment was formulated long ago and for a long time was considered one of the strategic directions for the development of academic science. The implementation of this idea began in 2023 within the framework of cooperation between the Institute of Economics and Forecasting of the NAS of Ukraine and the O. V. Palladin Institute of Biochemistry of the NAS of Ukraine – at the request of the director of this institution, academician of the NAS of Ukraine Serhiy Komisarienko, regarding the economic justification of the scientific developments of the Institute he heads. The successful implementation of this initiative led to the preparation and implementation of a large-scale multidisciplinary scientific project that united promising scientific developments of the institutions of the National Academy of Sciences of Ukraine and created a basis for the investment preconditions of projects. Valeriy Heyets stressed that under modern challenges, the existing mechanisms for implementing scientific developments are slow, and our country needs industrial scaling of innovative technologies developed by the scientific institutions of the NAS of Ukraine. The prerequisite for such changes is overcoming systemic barriers and building sustainable and effective interaction between the state, scientific institutions, and business.
In his welcoming speech, the Deputy Head of the Public Investment Management Department – Head of the Public Investment Methodology Division of the Ministry of Economy, Environment, and Agriculture of Ukraine, Serhiy Dolnyi, reported that the reform of the public investment system is ongoing in Ukraine, and a new model is being introduced, formed under unprecedented conditions in which the state operates today – the need to ensure defense capability, support resilience, update infrastructure, and develop strategic development plans. This model is based on the principles of strategic planning, transparency, and accountability and is implemented according to the roadmap for 2024–2028. Currently, the Strategic Investment Council has been formed, which approved the medium-term public investment plan for 2026–2028, as well as a unified project portfolio, inclusion in which implies budget financing. Further implementation of the reform requires scientific and analytical support in the field of forecasting, investment evaluation, and their impact on socio-economic development. Since the Institute of Economics and Forecasting of the NAS of Ukraine has a strong expert potential, confirmed by effective cooperation over recent months, within which a number of important documents were created, including the Procedure for Final Evaluation of Public Investment Projects and the Procedure for Post-Investment Evaluation of Large Investment Projects, based on the tools developed by the Institute, it is now possible to determine the effects of implemented investments, adjust further plans, and form quality investment initiatives based on solid scientific developments of the National Academy of Sciences of Ukraine. The speaker thanked the staff of the Institute of Economics and Forecasting of the NAS of Ukraine for their professional scientific support and expressed hope for further fruitful cooperation in implementing the public investment system reform.
In the welcoming speech, the moderator of the event, Chief Researcher acting as Head of the Department of Trade and Industrial Policy of the Institute of Economics and Forecasting of the NAS of Ukraine, Doctor of Economics Vitaliy Venger, noted that the mentioned unique interdisciplinary project lays the methodological foundations for the commercialization of scientific developments through their techno-economic justification, the formation of business models to attract funding sources for industrial scaling. He emphasized the extreme importance of the round table topic, as in the context of global competition for technological leadership and military challenges, the ability to transform research and development results into competitive products, services, or technologies with high economic value becomes a critical factor in ensuring Ukraine's economic stability and technological sovereignty. Vitaliy Venger stressed that the purpose of the event is to develop a shared vision of how scientific developments can meet the strategic needs of the state, the requirements of budget programs, the expectations of international donors and investors, and also contribute to technological modernization, reconstruction of critical infrastructure, and increasing Ukraine's competitiveness.
At the round table session, the director of the O.V. Palladin Institute of Biochemistry, academician of the NAS of Ukraine Serhiy Komisarienko, spoke. He noted that the institution he heads, which celebrates its 100th anniversary this year, creates real products based on fundamental knowledge. He emphasized that many Ukrainian scientific developments are unique and in their characteristics are not inferior to leading global analogues. At the same time, it is critically necessary to form a consistent and effective investment policy that would ensure the systematic implementation of scientific developments into production practice.
The Deputy Director for Scientific Work of the O.V. Palladin Institute of Biochemistry of the NAS of Ukraine, Doctor of Biological Sciences Volodymyr Chernyshenko, presenting the scientific developments of his institution, emphasized that the Institute has long traditions of creating hemostatic agents and possesses a unique technology of blood coagulation system activators. He spoke about such hemostatic agents developed by the Institute's specialists as "Carbogemostat," "Fibrin Gel," and "Collagen Matrix." The developments of this institution demonstrate better effectiveness compared to similar foreign-made products, which are significantly more expensive and characterized by higher storage requirements and a narrower spectrum of medical action. According to Volodymyr Chernyshenko, such developments of the Institute require scientific support from economic specialists to justify and develop a business model for their commercialization.
Leading Researcher of the Department of Trade and Industrial Policy of the Institute of Economics and Forecasting of the NAS of Ukraine, Doctor of Economics Oksana Kushnirenko, presented the developed business model for the commercialization of scientific developments of the O.V. Palladin Institute of Biochemistry of the NAS of Ukraine. She noted that the global market for hemostatic agents shows a growth trend and high social significance. At the same time, Ukrainian developments have competitive advantages and the possibility of localizing production. The project's implementation depends on establishing cooperation among key partners, including pharmaceutical companies, government institutions, medical facilities, international organizations, and investors, while business processes include intellectual property rights registration, certification, production setup, and marketing. The cost structure corresponds to global pharmaceutical practices. The developed project roadmap consists of preparatory (2025–2026) and production (2027) stages and market entry in Ukraine and worldwide (2028–2030).
Senior Researcher of the Public Finance Department of the Institute of Economics and Forecasting of the NAS of Ukraine, Doctor of Economics Olena Stepanova, acquainted colleagues with the economic justification for the commercialization of hemostatic drugs of the O.V. Palladin Institute of Biochemistry of the NAS of Ukraine. The speaker emphasized that the analysis was based on three scenarios for raw material procurement. According to her, the project is distinguished by high profitability, confirmed by discounted cash flow calculations, and the public investment model ensures even and effective financing. Entry into international markets will require increasing investments to UAH 64.5 million, but even under these conditions, the project remains economically viable. As the scientist stressed, the models demonstrate significant multiplier effects: investments of UAH 57 million can yield about UAH 170 million in economic results, and the total socio-economic effect will reach UAH 4.1 billion. It has been proven that the project has high investment potential, promotes import substitution, and job creation.
During the Q&A session, round table participants exchanged views on project implementation risks and ways to overcome them, including the search for additional funding sources and financial risk management. This was emphasized by the President of the Academy of Financial Management, academician of the NAS of Ukraine Tetyana Yefymenko, who raised issues of intangible asset valuation, transparency, accountability, and IMF and EU requirements and proposed considering these in future studies.
The Deputy Director of the Institute of Economics and Forecasting of the NAS of Ukraine, Corresponding Member of the NAS of Ukraine Serhiy Korablin, supporting the presented initiatives, noted that the implementation of critically important projects for society requires relatively small funds that can be allocated from the state budget. At the same time, this will allow solving urgent socio-economic problems and create a tangible positive effect for the national economy.
At the second session of the round table, developments of the Gas Institute of the NAS of Ukraine were presented. The director of this scientific institution, Corresponding Member of the NAS of Ukraine Hennadiy Zhuk, emphasized that the biogas utilization sector in Ukraine shows dynamic growth in line with global trends of decarbonizing the economy and strengthening environmental standards. He stressed that CO2 extraction technologies, production of heat and electricity from biomethane fully comply with European climate policy and expected CO2 emission taxes. Hennadiy Zhuk also reported that the Gas Institute of the NAS of Ukraine attracted grant funding from British partners for a pilot project in Kamianets-Podilskyi, where an amine absorption column and heat utilization systems are already being installed. The potential for substituting natural gas with biogas in Ukraine, including from solid household waste, is estimated at 10 billion m3 per year. The project implementation will help ensure distributed energy production, which is critically important in wartime conditions. For effective implementation of the proposed technological solutions, the Gas Institute of the NAS of Ukraine needs cooperation with colleagues from the Institute of Economics and Forecasting of the NAS of Ukraine, as combining technological expertise with professional economic justification and business modeling facilitates investment attraction.
Doctor of Economics Oksana Kushnirenko spoke about the business model for creating a modular unit to increase the efficiency of a biogas power plant, noting that this development of the Gas Institute of the NAS of Ukraine has great strategic and commercial potential, aligns with global trends of energy independence, contributes to emission reduction and renewable energy development. The speaker emphasized that the Ukrainian technology is competitive, comprehensively solves issues of gas purification, electricity production, and by-products, and meets growing demand in the domestic and global biogas markets. The main project partners are landfill operators, municipal and agricultural enterprises, industrial companies, energy companies, and international environmental organizations. Business processes include design, production, installation, testing, launch, maintenance, and staff training. The developed project roadmap for 2025–2031 includes preparatory stage, production and installation, scaling, and a service model for upgrading existing biogas plants.
The economic justification for the commercialization of the Gas Institute's scientific development, which takes into account new public investment requirements, was provided by Senior Researcher of the Public Finance Department of the Institute of Economics and Forecasting of the NAS of Ukraine, Candidate of Economic Sciences Natalia Nazukova. The project foresees achieving the following main financial and economic indicators: over a 20-year project implementation, the investment phase will last one and a half years, NPV (net present value) – UAH 15.9 million, IRR (internal rate of return) – 20%, payback period – 7.7 years. Two technical solutions were considered: basic and optimistic (with an optimistic scenario allowing an additional 5% increase in the "green tariff"). The total investment volume is UAH 23.7 million, and operating costs include electricity, wages, service, and depreciation.
During the Q&A session, round table participants inquired about the price of biogas planned to be obtained from municipal enterprises, payment terms, and the scaling of presented technologies in other regions of Ukraine – considering the waste management reform in our country.
The Scientific Secretary of the Institute of Economics and Forecasting of the NAS of Ukraine, Candidate of Technical Sciences Volodymyr Khaustov, noted that energy companies are becoming more cautious due to changes in tariff policy and reduced attractiveness of incentives.
At the third session of the round table, developments of the Physical-Technical Institute of Metals and Alloys of the NAS of Ukraine were presented by Researcher of the Department of Melting and Refining Processes of Alloys Svitlana Polyvoda, emphasizing that the main goal of the project is the modernization of the production shop for ingots and castings from high-strength aluminum alloys. These are strategically important materials, whose strength approaches that of steels and can be used in aircraft construction, energy, and defense industry with the use of a vacuum MHD mixer and a continuous casting machine of own manufacture. She stressed that despite numerous obstacles, the Institute has significant experience, production facilities, and competent specialists, as well as implemented international equipment deliveries.
Presenting the business model for the commercialization of scientific developments of the Physical-Technical Institute of Metals and Alloys of the NAS of Ukraine, Doctor of Economics Oksana Kushnirenko emphasized that the global market for aluminum alloy ingots and castings grows by over 6% annually and is valued at more than $400 billion. Ukraine's internal needs will also grow due to the necessity of infrastructure restoration, industrial production modernization, increased requirements for energy efficiency and material reliability, as well as import substitution of critically important products. The scientist characterized the value proposition of the products, justified internal market needs, outlined business processes (such as development, manufacturing of unique equipment, shop modernization, marketing), partnership chains, and commercialization scenarios.
Doctor of Economics Olena Stepanova provided the economic justification for the commercialization of the project, conducting a comprehensive financial assessment under two scenarios (self-manufacturing of unique equipment (MHD mixer and casting machines) by the Institute or purchasing it abroad) and substantiated economic advantages amounting to UAH 61.7 million in favor of in-house production. The project foresees achieving the following main financial and economic indicators: NPV – UAH 75.5 million, IRR – 5.9%, payback period – 6.7 years. Additionally, Olena Stepanova emphasized a significant budgetary and multiplier effect: the total impact on the economy may reach UAH 1.4 billion, and the increase in product output may exceed UAH 160 million annually.
During the Q&A session, round table participants focused on technical, technological, and economic aspects of the presented development, including questions about ballistic characteristics of high-strength aluminum alloys, possibilities for their testing and comparison with analogues, weldability of materials and prospects for applying modern joining methods, compliance of casting parameters with defense equipment requirements, available capacities of the Institute for production scaling, import substitution potential, patent protection of technologies, and economic feasibility of the project implementation.
Chief Researcher acting as Head of the Department of Economic Development Modeling and Forecasting of the Institute of Economics and Forecasting of the NAS of Ukraine, Corresponding Member of the NAS of Ukraine, Maria Skrypnychenko, shared the results of assessing macroeconomic and multiplier effects for the national economy arising from the commercialization of the presented scientific developments and forecast calculations regarding their impact on economic growth, development of related industries, and strengthening of the science-intensive segment in Ukraine's industry.
Summarizing the round table, Doctor of Economics Vitaliy Venger emphasized that the event gathered a wide range of key stakeholders – representatives of the scientific community, business, government authorities, media, and active public, which indicates a growing public demand for applied scientific developments capable of overcoming today's challenges, as well as an increasing role of science as a stabilizer of market fluctuations and a source of expert analytical materials in the information space.
Following the discussion, a resolution will be prepared with proposals from the round table participants for implementing updated mechanisms and tools to promote the commercialization of scientific and technical developments of NAS of Ukraine institutions.
According to information from the Institute of Economics and Forecasting of the NAS of Ukraine
Photo: "Academ.media" and the Institute of Economics and Forecasting of the NAS of Ukraine
