Cutting- edge science

CUTTING- EDGE SCIENCE
ORGANIZATIONAL AND ECONOMIC MECHANISMS OF INNOVATIVE
DEVELOPMENT OF THE SMALL BUSINESS IN UZBEKISTAN
Nedelkina Natalya Ivanovna,
Tashkent State University of Economics
E-mail: [e-mail]
Abdurahimova Yoqutoy Maxammatjon qizi,
Tashkent State University of Economics
E-mail: [e-mail]
Abstract.The article examines the issues of innovative development of the economy of
Uzbekistan, where the small business have a significant determinative role, as well as
identifies problems and proposes measures to further intensify the potential of small businesses
in the innovation process and the commercialization of scientific developments.
Key words: innovations, innovative development, commercialization, small business,
scientific developments.
An innovative way of economic development is on the agenda for all states of the
world. Innovative activities and the level of development of the relevant fields determine
the ability of countries to ensure significant competitiveness of their economies and take
advantage of systemic factors of growth.
The transition to innovative development is being considered as the main strategic
guideline of economic policy for Uzbekistan. The State Strategy of Actions for the
Further Development of the Republic of Uzbekistan defines specific tasks for the
development of science, innovation and innovative activities. Their solution required
the intensification of the country's transition process to an innovative way of development,
as a result of which the Strategy for Innovative Development of the Republic of Uzbekistan
for 2019-2021s [1], the state programmes in "Year of support of active entrepreneurshi p,
innovative ideas and technologies" [2] and "Year of development of science, education
and digital economy" [3], and other regulatory documents were passed. These documents
are aimed at the accelerated development of the republic, where the basis is modern
achievements of the world science, innovative ideas, developments and technologies.
In the current context, the small business acts as one of the forces helping to promote
the economy of any country. In the world, the small business provides significant GDP
production. In developed countries, its share in GDP production ranges from 55 to 60
percent. In Uzbekistan, the share of small business and private entrepreneurshi p in
GDP is also significant, and over the past nine years, has increased from 31 percent
(2000) to 56.5 percent in 2019.
At present, the small business has become a driver of economic development in
Uzbekistan, where the innovative component is outlined among the topical issues. The
operation of actors in this sector of the economy involves innovative activities, the
production of innovative products and technologies that can compete in the domestic
and international markets. For their successful implementation, it is necessary to comply
with a number of conditions, including a strict market orientation, compliance of
innovations with the goals of the enterprise and its receptiveness to innovation, an
effective system of project selection, and etc.
However, despite some positive experience and the implementation of a number of
initiatives in the field of innovative development of the economy in the republic, there
has not yet been a noticeable breakthrough. In order to achieve a global scale of the
development of the innovation system in the country, there are a number of problematic

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