IMPLEMENTATION OF PUBLIC-PRIVATE PARTNERSHIPS IN INVESTMENT SUPPORT OF INNOVATIVE INDUSTRY DEVELOPMENT

Abstract

The article discusses the prospects for the introduction of public-private partnerships in investment support for the innovative development of industry. Метою статті є дослідження перспективного впровадження публічно-приватного партнерства в інвестиційному забезпеченні інноваційного розвитку промисловості. The leading role of the state that creates preconditions is determined, forms a regulatory and institutional basis on the basis of which the public-private partnership is implemented and the successful implementation of joint programs is ensured.  The mechanism of formation of the institutional basis for the implementation of public-private partnerships has been developed, which is an effective mechanism for involving in the processes of interaction and investment processes of society, communities and citizens of the country. The need for simultaneous comprehensive implementation of a significant number of state target programs and directly innovation and investment modernization projects, which requires attracting and storage of significant amounts of financial investment resources and cannot be carried out at the expense of state and local budgets or individual industrial enterprises, has been identified. It is determined that the mechanism of formation of the institutional basis for the implementation of public-private partnerships, with the definition of the basic principles of its formation and action, subjects-participants, their functions in joint actions, makes it possible to form in the country a field of interaction between society, the state, scientific, financial institutions, industry, business and will ensure the implementation of targeted state projects and programs for the modernization of industry with the involvement and purpose of both external and internal  investment, innovative, financial, material resources. The basic principles of the mechanism of formation of the institutional basis for the implementation of public-private partnerships are defined: coordination of interests of the state and private partners; the rule of law, strategic targeted focus, information openness and transparency, priority of public interests, social responsibility of business, effectiveness of budget expenditures to ensure higher efficiency of activities, ensuring state control.