Financing of Innovative Activity of Small and Medium Business

  • Asset USTEMOROV Narxoz University, Almaty, Kazakhstan
  • Saule ARYSTANBAYEVA Narxoz University, Almaty, Kazakhstan
  • Saule INTYKBAYEVA Narxoz University, Almaty, Kazakhstan


The present stage of economic development is diagnosed by representatives of fundamental science and specialists in the field of applied economic policy, as an era of fundamental qualitative transformations of sources and mechanisms of socio-economic growth. The purpose of this article is to try to assess the reasons for the low effectiveness of innovation activity of Kazakhstan SME organizations. For this purpose, an analysis had made by an assessment of the changes and directions of the innovative potential of organizations by category, depending on the size of the company. Despite the many existing mechanisms and models that have proved their productivity in other countries, the specific features of the socioeconomic structure of the country require the development of mechanisms and models for the formation of an innovative environment in the sphere of entrepreneurship and qualitative changes in the conditions of economic activity, taking into account the specifics of regional aspects.


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How to Cite
USTEMOROV, Asset; ARYSTANBAYEVA, Saule; INTYKBAYEVA, Saule. Financing of Innovative Activity of Small and Medium Business. Journal of Advanced Research in Law and Economics, [S.l.], v. 9, n. 2, p. 721-728, dec. 2018. ISSN 2068-696X. Available at: <>. Date accessed: 07 june 2023. doi: 2(32).34.