THE ROLE OF INSTITUTIONAL VOIDS IN THE SYSTEM OF UNIVERSITY-BUSINESS INTERACTION

This article examines the barriers to interaction between universities and businesses that arise due to changes in their institutional environments. Particular attention is paid to institutional voids, effective cooperation, knowledge transfer, commercialisation of scientific developments, and the development of an innovative ecosystem, as well as the challenges of financing cooperation between science and business.
The purpose of the article is to study and analyze the barriers that arise in the process of interaction between universities and business, which cause differences in their institutional relations. Key factors such as differences in managerial approaches, peculiarities of corporate culture, motivational recommendations and strategic priorities are analyzed. Modern models of university-business interaction are considered, including mechanisms of knowledge transfer, joint research projects, internship programs and ways of commercialization of scientific developments. The main barriers to effective collaboration are identified, including lack of regulation, poor awareness of partnership opportunities, and differences in organizational structures. The study aims to take measures to eliminate these barriers and create more effective cooperation between the academic community and the business environment. As a result of the study, practical recommendations are proposed to address institutional gaps, including improving the regulatory framework, developing partnership models, stimulating cross-sector collaboration and implementing digital solutions. It is expected that these measures will enhance the efficiency of cooperation between universities and businesses, thereby contributing to the development of science, education, and the innovation economy.

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