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The article is aimed at forming an organizational and economic mechanism of education, science and business integration on the basis of University 4.0. To achieve this goal, the methods of logical analysis and analytical modeling were used. The article clarifies the concept of “organizational and economic mechanism of education, science and business integration”, which is proposed to be treated as a set of organizational and economic interrelated elements, namely: instruments, forms, tools, levers, factors, and methods of management that work to improve the effectiveness of innovation and achievement of certain goals by coordinating the interests of the parties involved in its work. The organizational and economic mechanism of science, education and business integration should promote effective implementation of all the stages of the research and innovation cycle to ensure the socio-economic development of individual regions and the country as a whole. The organizational and economic mechanism of education, science and business integration according to the university 4.0 model is suggested, and its following components are substantiated: the purposes and tasks; legal norms; priorities and principles of its creation; organizational and economic forms, management methods, tools; means of implementing educational, scientific and innovative processes; levers and factors of influence; management effectiveness measures; resources. Actual use of the organizational and economic mechanism of education, science and business integration based on the formation of an innovative ecosystem around the university can enhance the positive influence of academic activity on the socio-economic development of individual regions and the country as a whole due to providing highly qualified personnel training according to innovative development needs, involving young people in research and startups development, stimulating the commercialization of research results, promoting large-scale use of scholarly knowledge as a virtually inexhaustible resource of economic growth for the development of high-performance technologies, tools, products, services, new knowledge, etc.
Kyzym et al. (2021) studied this question.