Abstract:
The industrial and innovative development of Kazakhstan accounts for the growth of the
national economy. Although the return on investment in innovative business is quite high in
the global financial market in general, individual investors may either get very high profits
or lose all their invested funds, which is unacceptable for enterprises.
Therefore, it is especially important to define strategic approaches to reduce the potential
loss ratio and increase the commercial success of innovation projects. For this purpose, it is
necessary to properly and systematically form the financing sources of enterprises’
innovative development, the effectiveness of which is confirmed by international and Kazakh
experience.
On the other hand, it is important to determine directions and conditions for the use of these
funds in the course of the innovation process, since the timely suspension or termination of
the project will significantly reduce possible losses
