Public-Private Partnership As A Mechanism To Stimulate Innovation In Belarus Republic

Abstract

The article is devoted to the research of the tendency and specifics of public-private partnerships in the development of the innovation sphere. The article reveals the organizational and economic essence of public-private partnership as a universal mechanism of effective interaction between the state, private business and higher education institutions and other organizations engaged in innovative developments in the implementation of innovative products (services). The assessment of factors that impede the implementation of innovations in the industrial organizations of the Republic of Belarus is carried out. To overcome the negative trends impeding innovation, it is proposed to take a set of measures to stimulate innovation. It is proposed to create an industrial and innovative cluster for the implementation of innovative developments based on the principles of public-private partnership, as one of the main directions of development of public-private partnership mechanisms. The study developed a scheme of interaction of subjects of industrial and innovative cluster for the implementation of innovative developments on the basis of the principles of public-private partnership. The main advantages of the participants of the industrial-innovative cluster – state, science and business – are named. The results allow to expand the idea of public-private partnership as a form to stimulate innovation. The effective work of the industrial-innovative cluster for the implementation of innovative developments on the principles of public-private partnership will contribute to the achievement of predictive indicators of science and innovation; it will lead to the active integration of the Republic of Belarus into the world economy.