Foreign experience in managing innovative processes in the manufacturing industry

The article deals with the issues of stimulating the innovative activity of enterprises. The purpose of the study is to develop new recommendations based on the analysis of foreign experience in stimulating the innovative activity of the manufacturing industry. Considering that the manufacturing industry is the main source of innovative development, it is necessary to increase the amount of state support for enterprises in the form of subsidies, which will increase production efficiency and balance the economic conditions of the Customs Union. In the current situation, the priorities in the innovative sphere is various forms and methods of attracting investments in the industry, which will improve the investment climate: financial (direct financing, lending to investment projects, guarantees of investment lending, subsidizing interest rates for the bank, investment loans); tax (reduction of the tax burden, investment tax incentives), organizational and legal (legal basis for investment activities, the creation of leasing funds, mutual insurance companies, development institutions). In the manufacturing sector, it is now necessary to look for forms of interaction and cooperation between the state and society. International experience in this area reflects various forms of interaction between the state and business in the implementation of large socially significant investment programs and projects. In world practice, one of the most widespread and effective forms of partnership between the state and business is concession agreements in conditions of fair distribution of risks, benefits and costs, rights and obligations determined in accordance with the contract.

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