Legal support of the innovation development of the economy of the Republic of Belarus

  • Siarhei A. Balashenko Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus
  • Dmitriy M. Stepanenko Belarusian-Russian University, 43 Mira Avenue, Mahilioŭ 212000, Belarus https://orcid.org/0000-0001-7625-2501

Abstract

The article is devoted to the research of mechanisms of the legislative support of the processes of the creation and introduction of innovations in the Republic of Belarus national economy. The current state of the innovation activity in the Belarusian economy is investigated. The offers for improving the Constitution of the Republic of Belarus in the context of its innovation development are formulated and substantiated. The expediency of consolidating at the legislative level the set of principles for the formation and realisation of the state innovation policy is proved. Measures for improving the venture capital financing of the innovation projects in the Republic of Belarus are proposed and substantiated.

Author Biographies

Siarhei A. Balashenko, Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

doctor of science (law), full professor; professor at the department of environmental and agrarian law, faculty of law

Dmitriy M. Stepanenko, Belarusian-Russian University, 43 Mira Avenue, Mahilioŭ 212000, Belarus

PhD (economics), docent; аssociate professor at the department of marketing and management

References

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Published
2021-12-31
Keywords: innovation, innovation activity, state, constitution, principle, venture capital financing, venture fund
How to Cite
Balashenko, S. A., & Stepanenko, D. M. (2021). Legal support of the innovation development of the economy of the Republic of Belarus. Journal of the Belarusian State University. Law, 3, 60-70. Retrieved from https://journals.bsu.by/index.php/law/article/view/4274
Section
Constitutional Law and Administrative Law