THE CONCEPTUAL BASIS OF THE STATE POLICY OF AND INNOVATION ENSURING THE MODERNIZATION OF THE INDUSTRIAL SECTOR

Abstract

The article explored the conceptual basis of the State policy of investment and innovation ensuring the modernization of the industrial sector and defined theoretic-conceptual fundamentals of the development and implementation of State investment innovation policy in the sphere of modernization of the industry of the country. The study applied system, complex, structural, process approaches to the study of problems of formation and development of the conceptual basis of the State policy of investment and innovation ensuring the modernization of industrial sector. Indicated that government regulation of investment and innovation ensure modernization of industry is carried out from the formation and realization of the State innovation and investment policy. 

Determined that the development of the economy of the country is directly linked to the formation of an effective State innovation policy, and its implementation involves the determination of priorities, the strategic directions of innovative development of the country, the formation of normative legal foundations for its implementation and the use of direct or mediated methods of State regulation of innovation activity, formation of the infrastructure necessary for the implementation of innovative development. As a result of the carried out research, determined that the State regulation and provision of innovative investment processes is one of the major tasks of the organs and institutions of governance, since investment and innovative software processes of modernization of pomislivostì stimulates technical-technological and socio economic development not only industry but also the economy of the country. Determined that the practical implementation of investment ensure innovation development requires the development and implementation of an appropriate mechanism and determination of objects, subjects, purpose, principles, functions, regulatory, institutional, information, infrastructure to ensure its functioning; formation mechanisms and tools of State regulation of investment-innovative provision of industrial development, market and internal economic mechanisms of investment, as well as forms, means of implementation, which form of investment-innovative software processes of industry.