Community endogenous development product of investment activities in science, technology and innovation
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Abstract
In Venezuela, the private business sector contributes or invests financial resources required by the Organic Law of Science Technology and Innovation (LOCTI), in order to assist in the development of projects organized by the Ministry of Science and Technology in order to ensure growth sustained by society through the endogenous or sustainable development of the communities, therefore, the objective of the study was to describe the endogenous community development product of the investment in science, technology and innovation activities applied by hardware companies of the Maracaibo municipality. It was cataloged as descriptive, field and documentary, based on Mas (2007), Ochoa (2006) and LOCTI (2005, 2010, 2014). It was found that the business sector originates gross revenues according to the highest rating supported by the regulations, where the decision to contribute or invest in the financing of projects is based on the guidelines stipulated in the law. In addition, the companies observed have decided to boost the learning of their human capital and the families of them and therefore the communities where they operate. It was concluded that there is interest in collaborating with the State to work mutually in the promotion of broad social projects that contribute to the endogenous community development.
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https://orcid.org/0000-0001-6230-8869