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Liburkina L. M.

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The Institutionalization of the Entrepreneurial Discovery Process in State Regional Policy
Volosiuk M. V., Kim V. O.

Volosiuk, Maryna V., and Kim, Vitalii O. (2025) “The Institutionalization of the Entrepreneurial Discovery Process in State Regional Policy.” Business Inform 11:152–160.
https://doi.org/10.32983/2222-4459-2025-11-152-160

Section: Regional Economy

Article is written in Ukrainian
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UDC 332.14:005.94:353

Abstract:
The aim of the article is to develop systematic institutional recommendations for integrating the process of entrepreneurial discovery into Ukraine’s State regional policy and to create an organizational and economic model that will ensure the strategic sovereignty of national innovation policy, restore participation in the entrepreneurial discovery process, and achieve operational efficiency in regional smart specialization in the context of European integration commitments and post-war recovery needs. The article determines the necessity of institutionalizing smart specialization as a national priority within innovation and investment policy, which requires its integration into the budgetary process. Smart specialization (S3) should serve as a key selection criterion for all public investment projects within the framework of the Unified Project Portfolio, providing strategic investment filtering at the budget planning stage (CHOIR approach). It has been demonstrated that under external shocks, the security component must be defined as a mandatory strategic criterion for smart specialization priorities. This ensures the resilience of investments and their alignment with national security and recovery requirements. A critical need has been identified to integrate institutionally fragmented areas of smart specialization management (strategy, entrepreneurial discovery process, implementation, monitoring, and evaluation). To address this, it is proposed to establish a single S3 coordination committee as a multi-stakeholder platform at the regional level, which will provide a unified policy cycle and a strong link between strategy and implementation. To restore the inclusive nature of the entrepreneurial discovery process, the role of regional EDP thematic councils needs to be strengthened. They should be granted active powers not only in setting priorities but also in co-developing funding instruments and strategically monitoring S3 projects, which contributes to the efficient engagement of the «triple spiral» potential. The need to simplify and digitalize administrative requirements (for example, through unified digital platforms) has been recognized to enhance institutional capacity. In addition, to strengthen human resource capacity, it is necessary to train public servants, with a focus on project management, the entrepreneurial discovery process methodology, and the analysis of innovation systems.

Keywords: smart specialization, entrepreneurial discovery process, State regional policy, institutionalization, European integration, public investment projects, CHOIR approach, security aspects, participatory governance.

Fig.: 1. Bibl.: 19.

Volosiuk Maryna V. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Management, Admiral Makarov National University of Shipbuilding (9 Heroiv Ukrainy Ave., Mykolaiv, 54025, Ukraine)
Email: [email protected]
Kim Vitalii O. – Applicant, Department of Management, Admiral Makarov National University of Shipbuilding (9 Heroiv Ukrainy Ave., Mykolaiv, 54025, Ukraine)
Email: [email protected]

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