Innovative potential as a factor of sustainable development of the region

Abstract

Innovations, scientific and technical developments are becoming the integral components of sustainable economic growth not only for countries, but also for individual regions, especially those with significant intellectual and industrial resources. The Republic of Belarus has a significant scientific, technical and production potential, so the rapid development of science and innovation is of strategic importance. This is the reason for choosing the innovative development of the economy. In this connection, a comprehensive analysis of the innovative state of the regions of the Republic of Belarus takes on special significance with the help of the proposed methodological tool for assessing innovation potential. The analysis makes it possible to identify some trends in scientific and technological development, to assess and identify the hidden potentials of the regions, their ability to improve and update, and, consequently, to apply effective management solutions that formulate a strategy for sustainable development of regions, based on the identified factors of competitiveness.