Page 45 - Azerbaijan State University of Economics

Nazim O.Eminov: The problems of formation of regional innovation strategy in Azerbaijan

Following stages are considered in preparation of regional entrepreneurship

development strategy:

- Identification of formation period for innovation strategy

- Selection of strategic goal for innovation activity

- Identification of innovation directions and financing sources;

- Identification of precise program and its duration;

- Assessment of the quality of the prepared innovation strategy;

- Re-consideration of strategy depending on changes in external and internal

environment of business.

We believe that improvement of regions’ from territorial, economic and social

points of view, increase in education level and innovation opportunities of the

economy, development of entrepreneurship environment and consideration of

effective utilization of regions’ resources is very important in preparation and

implementation of regional development strategy in Azerbaijan Republic.

References

[1] Formation of national economic model and development problems in globalization
conditions. Prof. İ.H.Alıyev, Baku, 2010

[2] “State Program on social-economic development of regions of Azerbaijan Republic (2004-

2008)”, the Decree of the President of Azerbaijan Republic dated February 11, 2004.
[3] “State Program on social-economic development of regions of Azerbaijan Republic (2009-
2013)”, the Decree of the President of Azerbaijan Republic dated April 14, 2009.

[4] R.Mehdiyev “Azerbaijani idea in contex of crestiv nation”, Republic newspaper, June 29,

p.9-16

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