technological innovations; scientific potential; industrial enterprises; regional development; co-financing; smart specialization; budget; project competition.

FORMATION OF A MECHANISM FOR STIMULATION OF INNOVATIVE AND TECHNOLOGICAL DEVELOPMENT AT THE REGIONAL LEVEL

Purpose. The purpose of this study is to formation of a mechanism for the creation of a platform for innovative cooperation and the establishment of mutually beneficial economic relations between business entities and institutions of higher education (scientific institutions) for the development and implementation of innovations, stimulating investments in the modernization and technical re-equipment of the technical and technological base of industrial production at the regional level.