Efficient use of innovation and investment potential for regional development

Abstract

The steps for the sustainable development of innovation and investment processes in the region and the necessary organizational economic measures for the support of the investment and innovation activity at various management stages have been determined for the sustainable growth of manufacturing and stocking of high-quality competitive produce. Complex strategic approach to region’s innovation development, which presupposes formation of proper innovation mechanisms for region’s competitive advantages intensification with the defined investment provision of finance, was provided. The concept of innovation development of the region was proposed, implementation of which is to provide for the qualitative changes in the structure of manufacturing and export for the increase in the importance of more produce.