The Role of Project Management in the Integration of Science, Education and Business

Abstract

Integration of science, education and business is a driver of economic competitiveness in the context of globalization and building an effective national innovation ecosystem. Project management is considered one of the main tools for improving the efficiency of commercialization projects that are the result of successful integration. The study aims to assess the relationship between project management and performance indicators of integration of science, education and business in the face of commercialization projects. The results of the study revealed that intensive use of the above processes increases the efficiency of projects. Moreover, critical processes were identified that positively affect the timing and cost of commercialization projects. Integration of science, education and business is an effective tool for sustainable development and competitiveness of States in the context of globalization and the formation of a knowledge-based economy and the construction of an effective national innovation ecosystem.