Financing start-up projects and analyzing the financing mechanism

Аннотация

The article examines new opportunities and prospects in innovation activities. The number of start-up projects over the past five years. Analyzed the development of start-up projects in the Republic of Uzbekistan and the main sectors for sustainability and development of innovative technologies. Analyzed modern and scientific practical literature. Influence of innovation on economic factors was studied. Also the basic criteria in the development of innovative economy were studied.. 1 INTRODUCTION structural reforms began in Uzbekistan in 2017. They included, among others, unification of the som exchange rate, liberalization of the foreign exchange The Republic of Uzbekistan is a landlocked state market and visa regime, strengthening the located in Central Asia with an Atlas-estimated GNI independence of the Central Bank, assessment of the per capita in current prices of $2,040 in 2018. It had sustainability of the banking sector, implementation a population of 33.2 million as of January 1, 2019, of financial recovery plans in key state-owned with an area of 447,000 square kilometers. GDP enterprises, price liberalization, resumption of the growth in 2018 was 5.4%. The economic outlook for WTO accession process in December 2018, Uzbekistan remains positive with projected growth of significant tax cuts from January 2019, and new 5.6 percent in 2019 and high rates by 2025 based on legislative provisions to promote competition and strong investment growth and a deepening reform public-private partnerships. Authorities are still program. Up until now, the republic has relied heavily committed to their goal of achieving high-middle on natural resources, mainly energy and water, which income per capita status by 2030 by increasing the raises concerns about their long-term sustainability. competitiveness of the economy, improving the Uzbekistan's exports of food, textiles, other business environment, and developing infrastructure manufacturing products and services are expected to to support rapid job creation. In connection with the increase in the coming years, while gas and mineral above-mentioned data we can say that the chosen exports are likely to decline given rising domestic topic is considered relevant demand and falling world commodity prices. Uzbekistan also faces another development challenge related to the creation of new jobs due to its rapidly 2. METHODS OF MODELING growing labor force. This will require, among other SOLAR BATTERY things, an accelerated transition from a state- dominated economy to a market economy dominated by the private sector. The public sector will not be In the modern scientific and practical literature, able to create the large number of jobs required to the main emphasis in many studies of "start-up is on meet the needs of a rapidly growing labor force, the problems of management, development of new which is projected to continue to grow through 2040. biofuel models, and motivation of people. Among Thus, private sector development and investment are such literature are E. Ris "Business from scratch: The critical to job creation. As we know, extensive Lean Startup Model in Checking Ideas and Choosing Business Models", S.Weitz and Bafiy Freud "Startup there were also 3 start-up competitions. In the Opportunities: Know When to Quit Your Permanent period up to May 2022 the number of competitions Job", S.Blank "Startup: A Workbook" and Yu for start-up projects reached 7. We can see a graph Appelo, D.S Rouse, E.Brigman, S.Fisher or N.Duane, of competitions held on start-up projects in T.Hogan and K.Broadbent. Diagram 1. We can give an example of Kawasaki's books [1]. Analyzing this indicator, we see that in 2022 In many publications, including scientific literature, the number of competitions held increased at scientific conferences the topic of startups is compared to 2018 - by 7 times, compared to 2019 rapidly discussed. And the fact that new sources of - by 2.5 times, compared to 2020 and 2021 - by 2.3 development and funding are appearing confirms that times. this direction is promising. But not all authors If we look at the funds allocated to start-up succeed. Only those who are unconventional in start- projects [4], in 2021, 56 start-ups were up projects, offering solutions for themselves, will recommended for financing projects in their local receive this honor. and international competition for a total amount of Theorist and scholar-practitioner E.Ris says that 41.4 billion sum. the problems in start-ups are the old management vision and the lack of financial support. A lot of bad The proportion of proposed start-up projects by luck will be a hindrance to any success: products are sector and section of the economy is 15 billion sum removed from the shelves in a couple of weeks. The in the agricultural sector, 9 billion sum in the author suggests using the "cost-effective startup" health sector, 12 billion sum in the information technology sector, 8 billion sum in the transp