The article examines the essence of the risks of innovation and defines the main classification of risks, signs of their grouping, the interdependence of the concepts of “risk” and “uncertainty”, the essence of innovation risk, systematization of risks in innovation, innovation and various approaches to their systematization and grouping.

This article considers the methodology for assessing the effectiveness of innovative activities at telecommunications enterprises in Uzbekistan. The main indicators taken into account in the methodology are the level of innovation activity, economic and social results from innovation. The methodology will assess the effectiveness of innovation activities and determine the directions for further improvement.

Today, the shrinking volume of economic resources and the globalization of the international economy further increase the relevance of the introduction of an innovative economy in ensuring sustainable economic growth in the country. The economy of Uzbekistan is gradually moving from farming based on raw materials and agriculture, as it was before the 90s of the last century, to an innovative agricultural system that today produces and provides services for the production of finished consumer goods, the production of which is resource-saving and scientific. A significant in-depth understanding of the effectiveness of economic activity under the influence of the innovation system makes it necessary to ensure their proper combination within various industries and sectors of the economy. In turn, the process influenced by this combined system causes the need to ensure the fulfillment of a number of tasks aimed at the proper organization of financial and economic relations aimed at innovative activities.

In this article, the need to adapt the production of small businesses to the conditions of economic modernization has led to increased interest in the formation of an innovative infrastructure, since it is almost impossible to identify prospects and develop measures to increase the competitiveness of the industry in market conditions without anticipating further development trends. In this regard, important internal and external factors influencing the development of measures to develop the infrastructure of innovative services for small business enterprises are highlighted.

This article provides information on the main directions of development of the innovative economy in the region, the impact of higher education institutions, and analysis. Innovative activities of higher education institutions, various approaches to them, indicators of financing innovative activities are analyzed. Also, the principles and conditions of innovative development of higher education institutions were researched. Scientific conclusions and
recommendations have been developed on further expansion of mutual relations between
education, science and business, commercialization of innovative developments and scientific research results of higher educational institutions.

The article analyzes regional economic opportunities, characteristics and innovative factors of the development of innovative activities in small and medium-sized businesses (SMEs) in Uzbekistan. Integrated indices representing the level of economic development of the regions have been determined, and with the help of these indices, the possibilities of using imitative innovations in the development of innovative activity in SMEs in the region have been determined.

This article provides information about the main directions of development of the innovative economy of the region, the role of higher educational institutions. The innovative activity of higher educational institutions, various approaches to it, and indicators of financing innovative activity are analyzed. The principles and conditions for innovative development of higher educational institutions were also studied. Scientific conclusions and recommendations have been developed for further expansion of the relationship between education, science and business, commercialization of innovative developments and results of scientific research in higher educational institutions.

The article considers the current state of small and medium-sized businesses (SMB) in Kazakhstan on the basis of a comprehensive analysis of state measures to support entrepreneurship in Kazakhstan, identifies the main barriers that hinder its growth and development. Special attention is paid to the problems of lending, taxation and access to information resources. The author considers effective strategies implemented by the government of Kazakhstan within the framework of national programmes and initiatives, and assesses their effectiveness on the basis of available empirical data. International experience is also analysed to identify the most successful incentive mechanisms. The paper offers specific recommendations for improving the institutional environment and developing a comprehensive system of support for priority areas of SME development. The importance of creating favourable conditions for innovation and increasing the export potential of enterprises is discussed. The final part is devoted to strategic planning at the state level to achieve sustainable socio-economic development.

In the current conditions of economic development, one of the important conditions for the functioning and innovative development of companies is an effective management system. The stability and competitiveness of operating companies directly depends on their management. The established corporate management in turn affects the position of the company in the market, the level of its modernization, digitization and directly the standard of living of the company's employees. Today, it is considered important how to organize a cost-effective and scientifically based way of assessing the quality of management of companies, as well as systematic work on improving the management system.

The article discusses the economic and theoretical foundations for the development of the insurance industry in an innovative economy. It outlines the areas of application of innovations in the insurance sector, the problems that hinder the activities of insurance companies in this direction, as well as areas of measures that need to be taken in the near future.

This article discusses the theoretical views of improving the efficiency of management of innovation processes in commercial banks, thanks to this, the issues of the development of the credit system have been studied. Practical proposals on Innovative activities of banks are also given, characterized by high uncertainty, which in turn requires the use of flexible and adaptive risk management models.

Currently, the issues of improving the financial planning system, which is the main functional element of financial management, are widely studied all over the world. In particular, in the context of a global pandemic, targeted research is being conducted on the formation of a financial planning system capable of quickly adapting to changing conditions in foreign markets and its perfect model in combination with strategic plans. Also, one of the main functional elements of financial management is focused on improving the organizational architecture of financial diagnostics, which embodies a wide range of indicators for a comprehensive assessment of financial and economic activities of companies.