Mechanisms and tools for stimulating innovative activities of business entities in the context of import substitution

The presented study defines the goal of increasing the innovative activity of business entities, the basis of which is the development of innovative activity, reducing the negative economic consequences of the innovative policy of unfriendly countries, focusing domestic organizations and enterprises on the intensification of production. The analysis of the indicators of innovative activity, reflecting the lack of its development, is carried out, the features of increasing innovative activity are identified, its components are disclosed and methods for its definition are presented, the existing tools for intensifying innovative activity are studied. The main provisions of the new draft law ”On Technological Policy” are proposed, designed to eliminate the gap between science and production, with the existing practice of technology transfer, planned for adoption in September 2024, allowing for the implementation of a new direction of state policy - innovative policy for the development of technological sovereignty. The provisions (main tools) for stimulating the innovative activity of business entities are presented: increasing profits, reducing production costs of enterprises from the introduction of innovations and, on their basis, increasing the added value of manufactured products.