Critical Points In The Formation And Implementation System Of The Fundamental Science And Technology Innovations Life Cycle

Issues of developing and implementing fundamental science and technology innovations is particularly relevant in current times due to the escalation of qualitatively new problems of the socio-economic development of society. However, their analysis has a predominantly descriptive form of separate stages, processes, and procedures, and is not formed on the framework of clear criteria and indicators. Fundamental science and technology innovations, based on qualitatively new physical principles, make it possible to significantly increase the efficiency of the whole social production and the social spheres of society. The life cycle of fundamental science and technology innovations is a structurally and functionally complex integrated system which includes the birth of ideas for future innovative products, the process of their materialization, material realization, and later, the operation and disposal processes due to the depletion of their consumer properties. This study determines the critical points in the system of forming and implementing the life cycle of fundamental science and technology innovations as a single integrated process in the form of specific indicator gauges. These points determine the time parameters and characteristics of the life cycle of the fundamental scientific and technological innovations, its efficiency and quality. Future products start to become obsolete the moment the idea of them is generated. The authors conceptually determined that the process of a scientifically novel idea becoming obsolete can be described by an exponential curve. This is presented in the corresponding graph. The authors determined the life cycle stages of the fundamental scientific and technological innovations and established that the pre-production stage presents an opportunity to use combination effects during two or more stages of the life cycle and to use iteration procedures. This creates new possibilities for raising the efficiency and quality of the life cycle, contributing to a significant reduction in the level of various kinds of risks. This paper is of interest to specialists in the field of innovation studies, socio-economic efficiency of science and technical progress, engineering economics in the area of information technologies, to engineers and research staff, as well as to university students, graduate students, and professors.