Development of mechanisms for financing innovative entrepreneurship in the Republic of Kazakhstan

Abstract

The topicality of the ponder is decided by the have to determine optimal ways of
innovative entrepreneurship financing as an important factor of economic growth of the country’s
economy. The article is aimed at developing conceptual, organizational and methodical bases
of innovative development financing in the context of macroeconomic reforms in Kazakhstan,
identifying the role of state development institutions and financial instruments applied in the
usage of the state program of industrial-innovative improvement. The research substantiates the
specific proposals to improve the state policy in innovation financing, shows the role of financial
and credit instruments in the economic and innovative development of the country as the
fundamental factors affecting the dynamic development of innovation, studies the basic forms and
methods of the country’s innovative development stimulation, examines international experience
and analyzes the level of innovative activity financing. The research findings are of practical value
for improving the process of state regulation of the innovative entrepreneurship financing, the
rational allocation of available public and private (commercial) resources; streamlining methods
of providing state support for innovative entrepreneurship; raising the level of investment
attractiveness of innovative entrepreneurship through the organization of effective interaction of
this institute with innovative infrastructure facilities.