Abstract:
This article focuses on the mechanism of state regulation of innovative sector. The authors noted
that despite
the increase in the number of innovative enterprises, the level of innovative performance is still
very low and constitutes only 8.1 % of total output. Therefore, government policy ought to create
relevant conditions for
rising the scale of innovative performance of kazakhstani enterprises. It might also be significant
to focus on measures aimed at creating an enabling environment that spurs innovation. According to
the authors, every product manufactured incorporates the contribution of intellectual application
of individual employees. Also, this article highlights that Kazakhstan producers lack the
experience of bringing scientific research to the
goods market and lacks highly qualified specialists in the field of project management. The authors
further highlights the institutional framework necessary for innovative performance such as legal
factors, material factors, financial factors, intellectual factors and state support. In the final
section, a summary of the challenges facing the institutional framework supporting innovation in
Kazakhstan is presented and some recommendations provided.
