The Role of Innovation Activity in Sustainable Development

¹ National Research University ‘Tashkent Institute of Irrigation and Agricultural Mechanization Engineers’, 100000 Tashkent, Uzbekistan
² Tashkent State University of Economics, Tashkent, Uzbekistan
³ Vytautas Magnus University, Lithuania

^* Corresponding author: makhmudovanargiza1408@gmail.com

Abstract

In the face of global challenges, sustainable development is becoming a priority for many countries. The article examines the role of innovation in ensuring sustainable development. Particular attention is paid to intellectual property as a key element of innovative growth and economic development of countries. The mechanisms through which patents, trademarks and copyrights promote innovation, stimulating scientific and technological progress and helping to create competitive advantages are analysed. The article examines the relationship between the EU innovation policy and the dynamics of the use of various intellectual property objects. The subject of the study is industrial intellectual property, in particular trademarks and patents for inventions, which serve as a catalyst for the development of innovations in the Eurasian Union. These types of industrial property are chosen because of their use and protection. In this study, the French and German patent systems were the most common. The analysis shows that the intellectual property system in the Netherlands has many advantages. It also shows that other EU countries have succeeded in achieving innovation policy goals by creating a system of exclusive industrial intellectual property rights.