On October 25, at the Faculty of Economics and Management of Sumgayit State University, work on the establishment of a flexible management mechanism of science-education-production relations was started. In this direction, the preliminary steps regarding the establishment of project teams, conducting trainings on the commercialization of scientific-research works and the discussion of proposed projects were discussed in the faculty. During the discussion, topics such as paying attention to the correct selection of scientific research topics, explaining procedures and methodologies for project management, and increasing knowledge and skills were touched upon. At the same time, the issues were explained in detail by the students of the faculty who have experience in solving the issues that can be applied in practice - Choshgun Balayev, Rovnag Nadirov, Javid Zulfiyev and Yahya Ismayilov. The deputy dean of the faculty, Associate Professor Logman Abdullayev, and the head teacher of the Department of Business Administration, Zulfiyya Hajiyeva, gave detailed information about the commercialization of scientific research works. It was also emphasized at the meeting that the reputation of the universities is measured by the quantity and quality of the conducted scientific-research works. In this direction, important works related to the development of science-education-production relations are carried out at Sumgayit State University.