THE ROLE OF STATE INNOVATION POLICY IN THE DEVELOPMENT OF ECONOMIC AND POLITICAL SYSTEMS AND CRISIS MANAGEMENT

The paper notes that it is very important to focus on creating and developing tools, that will contribute a stable economy with sustainable and high quality actors, and offer a set of products and services to interested parties and potential beneficiaries, which is focused on helping the innovations and technology oriented entrepreneurs and startups to walk the distance from the idea to the functionality income models, because such kind of products help startups and innovations and technology-oriented entrepreneurs to journey to the market from the idea with less risks and more confident. Also it helps the entities which have already formed income model to gain knowledge, contacts, finances and general possibilities that could radically change their growth rate and the direction line. The paper also notes that the growing demand for digital space and modern technology during the pandemic period has shown that the current approach that the use of innovative and state-of-the-art electronic technologies in public administration is an auxiliary tool for management is erroneous and it is not only an auxiliary but also a key and necessary tool for effective governance for any state or nongovernmental institution.