The Impact of Digitalization on Financial Mechanisms of Technology Transfer in the University–Government–Business Ecosystem

Abstract

In the context of digital transformation, technology transfer is becoming a key mechanism for interaction between universities, government, and business, ensuring the commercialization of research outcomes. Digitalization significantly affects not only the organizational forms of such interaction but also the financial mechanisms that determine the efficiency of resource allocation and investment attraction.

This paper examines changes in the structure of funding sources, mechanisms for the allocation of financial resources, and investment instruments supporting technology transfer under the influence of digital factors. Particular attention is paid to the role of digital platforms, fintech solutions, and digital financing instruments in the development of the innovation ecosystem. The findings indicate that digitalization contributes to the diversification of funding sources, reduction of transaction costs, and increased transparency of financial flows. At the same time, institutional constraints and the insufficient development of digital infrastructure are identified as key factors limiting the effectiveness of technology transfer.

This research was carried out within the framework of the scientific project No. AP26102391 “Models of effective interaction between universities, government and business: mechanisms of technology transfer in the digital economy of Kazakhstan”, funded by the Ministry of Science and Higher Education of the Republic of Kazakhstan