Summary

For the development of country's economy is the most important role belongs to the formation of innovative-investment process. To stimulate innovative-investment activity is better to be implemented by the state. The experience of economically successful countries, who have achieved sustainable economic growth due to intensification of innovative activities and are presented in the world market in the form of innovative products, technologies and services, shows that the rates of development is determined by means of the of innovative activity organization and its supporting methods. To do this, one of the effective mechanisms is Public-Private Partnership Institute (“PPP”), “PPP” in the innovative field is institutional and organizational alliance between business and the state (state scientific organizations, scientific educational organizations, private businesses) to implement the innovative projects.

“Public-Private Partnership” programs are popular almost in all economically successful countries, and this interest is reflected in their budget, legislation, development programs.

International experience shows that when realizing the “public-private partnership” programs many governments have set up a special body to coordinate actions of various state agencies, which are involved in the project development and the realization actions.

In Germany, as one of the leading European countries the realization of “public-private partnership” programs of scientific research in the field has begun since 1979, resulting in the

budget share in “PPP” costs reduced from 70% to 30%. In the US, for the last time, 35% of the total expenditure of the federal budget and 60% of the company's funds is spent on the same goals, private investments in Japan are 80% and the rest 20% is funded by the state. In France, the share of state expenditure on the “PPP” is 49,9% of the total expenditure and the remaining 50.1% comes to private companies.

In the improvement of the challenges created in the Georgian economy and accelerating the structural process of the economy an important role must play the improvement investment environment. State priority should be the scientific process of investment policy, promotion of the process of defining the measures of stimulating and acceleration investment activities.

It is of utmost importance for Georgia to study and practice the experiences of those countries, including, of course, EU members, who consider innovative-investing activities as the priority direction for their development.