THE RELEVANCE OF IDEA GENERATION IN UZBEKISTAN: CHALLENGES AND SOLUTIONS
Abstract
Idea generation is considered the foundation of innovation and a crucial driver of competitiveness in the global knowledge economy. For Uzbekistan, which is undergoing economic modernization and digital transformation, the establishment of an effective idea generation ecosystem is of particular relevance. This study examines the challenges and potential solutions associated with idea generation in Uzbekistan. The main problems identified include a fragmented institutional framework, weak academia–industry linkages, insufficient financial mechanisms, limited digital infrastructure, and low transparency in governance systems. Drawing on international best practices (Schumpeter’s theory of innovation, Chesbrough’s open innovation model, and OECD recommendations), the research proposes the creation of an integrated “Idea Generator Platform” that links universities, entrepreneurs, commercial banks, and investors. Suggested solutions also include the expansion of venture capital and start-up financing, the introduction of AI and big data tools, and the integration of KPI-based monitoring systems. The findings highlight that, if properly implemented, these measures will strengthen Uzbekistan’s innovation ecosystem, increase transparency, and enhance the country’s long-term competitiveness in global markets.
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