METHODOLOGIES OF THE DEVELOPMENT AND FINANCE OF INNOVATION

Аннотация

The scientific article describes methodologies of innovative activities of the country economy and development and finance of innovation in the Republic Uzbekistan. Moreover, the ways of development of innovation are presented as well. Key words: innovation, investments, finance, industries, development, integration, medium and large enterprises, economy, modernization, manufacture and production. In ensuring the sustainable growth of the economy of our country, the importance of innovation is steadily increasing. At present, it is impossible to ensure the dynamic development of industrial quarries in various sectors of the economy without the influence of innovative activities. Ensuring the innovative development of the national economy is a difficult task. Its development will primarily be based on the achievements of science. The phrase "Innovation" in science means the introduction of innovations, as well as funds spent on the economy in order to introduce new types of equipment and technologies, as well as innovations in the field of advanced equipment and technologies, management and other areas and their use in various fields1. At the heart of this is a new order, new views and ideas. Our country has scientific, economic and legal foundations for the development of innovative activities. The development of production in the country in the context of global financial distress is primarily due to innovative changes in industry, as a result of which important strategic changes will be implemented throughout the economy. At the same time, it is necessary to pay attention to the issues of modernizing production, expanding ties with states, establishing a sustainable partnership, stimulating domestic demand for products produced in the country. Continuation of deep reforms with broad and comprehensive promotion of economic modernization; introduction of modern technologies in our country, renewal of production and acceleration of these processes. Modernization and 29 ACADEMIC RESEARCH IN MODERN SCIENCE International scientific-online conference technical renewal of the main sectors of the economy are associated with the implementation of targeted projects for the introduction of modern innovative technologies, which give a powerful impetus to achieve new frontiers and ensure competitiveness in the world market. In modern trends in the development of science and technology, attention is increasing to the issue of developing and stimulating innovation as one of the most acceptable and effective factors of economic growth. The increase and development of the country's innovative potential opens up ample opportunities to ensure the competitiveness of real sectors of the economy, the continuous renewal of the technical and technological level of production while creating new types of products, and the introduction of modern growing methods. The effective organization of the regulatory framework aimed at increasing innovation in the country contributed to the introduction of a qualitatively new level of state policy in the field of science, which meets new historical events. In recent years, sufficient experience and potential have been accumulated to stimulate new scientific developments and further improve activities in this area. The increase in the country's innovative potential testifies to the material stimulation of the work of scientists, reaching a new level of development of innovative activities in the republic. This contributes to the formation and development of innovative potential at the industrial enterprises of our country, increasing the competitiveness of the economy, and will have a positive effect on the development of the economy. Accelerated development of all sectors of the economy and ensuring the release of high-quality and competitive products for the domestic and foreign markets is not possible without innovative activities. The solution to this problem is chosen by the enterprise itself: - if the enterprise does not produce new products, it may sooner or later collapse, and the production of products will be associated with great needs, which will provide sufficient financing for the quarry. Creation of a well-founded system of financing innovation activities at industrial enterprises will allow accumulating funds and spending them on innovative actions2 The effectiveness of the innovative activity of any enterprise depends on the definition of sources and methods of its financing. 30 ACADEMIC RESEARCH IN MODERN SCIENCE International scientific-online conference Sources of financing for innovation activities are the state, various enterprises, financial industrial groups, small businesses, investment and innovation funds, local governments, individuals and others. All of them to a certain extent participate in the business process and influence the development of innovative activities3. Financing of innovation activities is carried out at the expense of private funds on an equal basi