Mechanisms Affecting Innovation Development of Industrial Business Organizations

Abstract

The article presents the mechanisms influencing the development of innovations in industrial business organizations in the Republic of Belarus, еmphasizing the stimulation of the innovative development of organizations from the real sector of the economy, research and education sector The innovation policy plays an important role in the development of country`s competitiveness, creating favourable conditions for the increase of financial potential, development of intellectual resources, modernization of scientific and innovation infrastructure.