Minaya Sadykhova

MAIN FEATURES OF STIMULATING INNOVATION ACTIVITIES

Abstract. The article discusses the main features of stimulating innovation. Innovation is carried out by following each other and regularly updating these stages. This approach makes it possible to increase the competitiveness of enterprises and states, accelerate economic development and improve the welfare of society. Innovation is an important process not only of economic development, but also of modernization of the social and environmental environment. Deepening and applying this understanding plays an important role in ensuring progress in all spheres of society.

Keywords: innovation, economic development, application of technology, innovative idea, scientific and technical foundations.