Technological Capital: A Criterion of Innovative Development and an Object of Transfer in the Modern Economy

The authors offer a fundamental indicator – the technological capital of the firm, defined as a total of two components: the tangible component, including the active part of the firm's tangible fixed assets, and the intangible component, comprising intangible assets related to products manufacturing and production management. In order to justify and better illustrate the proposed category of «technological capital» the paper provides it's correlation with the existing concept of «intellectual capital» of the firm, identifies the structure and components of the technological capital.Using the proposed category of «technological capital» the authors justified their choice of the criterion of the innovative development of the firm, which implies the growth of the technological capital total value, provided the outpacing growth of the value of its intangible component. Also through the prism of the technological capital the relationship between the customer and the OEM-manufacturer in the framework of a new business model – OEM is examined.