Akademik Məlumat İdarəetmə Sistemi
JOURNAL OF ECONOMIC AND SOCIAL DEVELOPMENT, vol.758, no.3, pp.463-470, 2020 (Conference Book)
The development of the innovation sphere is one of the priority directions of the state policy of Azerbaijan, because it is the level of scientific and technological development that determines the country's long-term competitive advantages. Along with the development of innovative entrepreneurship and the creation of an enabling environment for the development of new activities and products, it is envisaged to strengthen measures for the transfer and development of advanced technologies, the creation of technology parks and innovative zones for the development and application of high technology products and those nology One of the main directions in this case is the formation of innovative infrastructure. Innovative systems and their structures in different countries differ in a number of parameters, because there is no single universally accepted model; a single view on the concept, structure, and functions of national innovation systems has not yet been developed. But there are certain problems: an analysis of the innovation activity of enterprises shows poor results, an analysis of the sources of financing technological innovations reveals a low role in this of the state and extra budgetary organizations. Also, factors that impede the innovation process should be taken into account: the high cost of innovative technologies; low innovative potential of enterprises, etc. Particular importance is attached to state support for innovative development and can play different roles. But, even in developed countries, state financing of innovation is secondary in volume, and private sources come to the fore. When allocating funding between the private and public sectors, risk is also shared. The formation of an innovation fund in Azerbaijan will increase innovation activity in the country, create an innovation base and attract additional funds for the most promising innovative projects, and will also contribute to the development of international cooperation to increase the country's competitiveness