Intellectual Property Development Mechanisms as Tools for Economic Growth in the Donetsk People’s Republic

Abstract

The region’s economic activity in the current context is largely determined by the effective use of intellectual property (IP) as a strategic intangible asset. The objective of this study is to assess the impact of intellectual property on the economic activity of the Donetsk People’s Republic and propose mechanisms for developing the region’s intellectual potential. This study analyzes the patent activity of constituent entities of the Russian Federation, including the Donetsk People’s Republic. Institutional barriers are identified, including the lack of a unified system for recording and monitoring IP assets, insufficient legal literacy among entrepreneurs, a shortage of intellectual property management specialists, the high cost of patenting, and poor coordination between government, business, science, and education. Based on this analysis, mechanisms for the development of intellectual property in the Donetsk People’s Republic are proposed, including a set of measures to improve the regulatory framework, create a regional system for recording and monitoring IP assets, develop human resources, stimulate the commercialization of intellectual property assets, and enhance interaction between government, business, and educational and scientific institutions. It is concluded that only with comprehensive support from the government, business, and the scientific community, as well as the formation of a unified system for recording and monitoring intellectual property objects, the Donetsk People’s Republic will be able to fully realize its intellectual potential and ensure sustainable innovative and economic growth.