The Capitalization of Intellectual Property as an Important Factor of Economic Development of the Republic of Dagestan

Abstract

In today’s world there is a rapid process of intellectualization of the economy. With limited natural resources intellectual property is one of the main engines of the modern economy. The capitalization of intellectual property is highly relevant given the increasing significance of results of intellectual activity as the transition to an innovative economy. The capitalization of intellectual property at the regional level has not been studied. In the Republic of Dagestan has accumulated a scientific and technical, creative potential, including the technical, technological, industrial, scientific, creative intellectual activity, which represent a certain value on the domestic and foreign markets. There is a lack in the region, a key element in the formation of an innovative economy - intellectual property market. The authors are needed to proposals involving intellectual property into economic circulation. In conclusion, the authors concluded that the efficient use of the intellectual potential to be an important resource for economic development, will enable the republic to obtain real economic income, which is extremely important in terms of subsidies republican budget.

Keywords

• intellectual development
• intellectual capacity
• intellectual property
• market capitalization of intellectual property
• innovative economy
• national wealth
• economic development