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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">ecna</journal-id><journal-title-group><journal-title xml:lang="ru">Экономика науки</journal-title><trans-title-group xml:lang="en"><trans-title>Economics of Science</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2410-132X</issn><issn pub-type="epub">2949-4680</issn><publisher><publisher-name>Delo Publishing house</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.22394/2410-132X-2023-9-4-51-60</article-id><article-id custom-type="elpub" pub-id-type="custom">ecna-432</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>ФИНАНСИРОВАНИЕ, ФОНДЫ И КАДРЫ НАУКИ</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>FUNDING AND STAFFING IN SCIENCE</subject></subj-group></article-categories><title-group><article-title>Долевое финансирование НИОКР на малых и средних инновационных предприятиях: пример китайской биомедицинской промышленности</article-title><trans-title-group xml:lang="en"><trans-title>Shared funding of R&amp;D in small and medium-sized innovative enterprises: the case of Chinese biomedical industry</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-9661-0537</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Сунь</surname><given-names>Я.</given-names></name><name name-style="western" xml:lang="en"><surname>Sun</surname><given-names>Y.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Янхуэй Сунь – слушатель DBA, соискатель научной степени кандидата экономических наук, Главный исполнительный директор</p><p>Web of Science Researcher ID: JPX-9139–2023</p><p>Москва, пр. Вернадского, д. 82, стр. 1</p><p>Central Plaza, № 18 Harbour Road, район Ванчай, Гонконг</p></bio><bio xml:lang="en"><p>Yanhui Sun – DBA candidate and PhD candidate in Economic Science, Chief Executive Officer</p><p>Web of Science Researcher ID: JPX-9139–2023</p><p>Moscow, Prospect Vernadskogo, 82, build. 1</p><p>Central Plaza, No.18 Harbour Road, Wanchai District, Hong Kong</p></bio><email xlink:type="simple">syhmba@foxmail.com</email><xref ref-type="aff" rid="aff-1"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru">Институт экономики, математики и информационных технологий, Российская академия народного&#13;
хозяйства и государственной службы при Президенте Российской Федерации (РАНХиГС); Pfiker Biopharma<country>Китай</country></aff><aff xml:lang="en">Institute of Economics, Mathematics and Information Technology, Russian Presidential Academy of National Economy and Public Administration; Pfiker Biopharma<country>China</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2023</year></pub-date><pub-date pub-type="epub"><day>21</day><month>12</month><year>2023</year></pub-date><volume>9</volume><issue>4</issue><fpage>51</fpage><lpage>60</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Сунь Я., 2023</copyright-statement><copyright-year>2023</copyright-year><copyright-holder xml:lang="ru">Сунь Я.</copyright-holder><copyright-holder xml:lang="en">Sun Y.</copyright-holder><license license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://ecna.elpub.ru/jour/article/view/432">https://ecna.elpub.ru/jour/article/view/432</self-uri><abstract><p>Данное исследование рассматривает вопросы корпоративного управления, стоящие перед малыми и средними инновационными биомедицинскими предприятиями в процессе выпуска акций. Статья ставит своей целью предложить рекомендации для успешного осуществления этого процесса. Для решения таких проблем, как неполная структуризация капитала, недостаточно эффективные финансовые системы контроля и невысокая устойчивость основного коллектива в процессе эмиссии, предлагаются меры для улучшения ситуации. В их числе: оптимизация внутренней системы управления, формирование эффективной структуры научно-исследовательских и опытно-конструкторских работ (НИОКР), внедрение практических механизмов стимулирования для прибыльно-ориентированных НИОКР и обеспечение присутствия технических экспертов в структуре управления компании. Выпуск акций играет значительную роль в решении вопросов, с которыми сталкиваются малые и средние инновационные биомедицинские компании, особенно в отношении развития инновационных фармацевтических продуктов и биомедицинских исследований. Таким образом, данная практика положительно влияет на активное развитие биомедицинского сектора Китая.</p></abstract><trans-abstract xml:lang="en"><p>This study delves into the corporate governance challenges confronted by small and mediumsized innovative biomedical enterprises in the context of equity financing. Its objective is to provide valuable recommendations for the successful implementation of such financing. In order to address issues such as imperfect equity structure, inadequate financial audit systems, and low stability of the core team during equity financing, a range of improvement measures are proposed. These measures comprise optimizing internal management mechanisms, establishing an efficient R&amp;D organizational structure, implementing practical incentive mechanisms for R&amp;D enterprises focused on benefits, and enabling technical experts to actively engage in company ownership structures. Equity financing plays a vital role in resolving the difficulties faced by small and medium-sized innovative biomedical enterprises, particularly in fostering the development of innovative pharmaceutical products within the biomedical R&amp;D field. Thus, it has a positive impact on effectively advancing China’s biomedical industry.”</p></trans-abstract><kwd-group xml:lang="ru"><kwd>малые и средние предприятия</kwd><kwd>МСП</kwd><kwd>биомедицинская компания</kwd><kwd>венчурный капитал</kwd><kwd>акционерное финансирование</kwd><kwd>корпоративное управление</kwd><kwd>НИОКР</kwd></kwd-group><kwd-group xml:lang="en"><kwd>small and medium-sized enterprises</kwd><kwd>SME</kwd><kwd>biomedical company</kwd><kwd>venture capital</kwd><kwd>VC</kwd><kwd>equity financing</kwd><kwd>corporate governance</kwd><kwd>R&amp;D</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Cao, Y. (2005). 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