Abstract
The paper examines social and economic aspects of the research and innovation field within which an infrastructure for the development of today’s society is being created. An idea of creating an innovation infrastructure based on innovation and modernization of the social and economic system is developed. It is demonstrated that creating an innovation infrastructure for further growth by applying the modernization theory is associated with updating the existing business patterns and introducing new ones into technical and technological, economic and social, spiritual and cultural areas of society. This necessitates the development and implementation of an economic model of investment for modernization; attraction and expansion of investment through providing intermediary services by infrastructure institutions. It is emphasized that the growth in the research and innovation field contributes to the national capacity-building that ensures the development and implementation of domestic innovative products and supports the national identity. It is pointed out that for creating an innovation infrastructure for the development of today’s society the following measures should be taken: addressing social and economic challenges of the state and raising living standards; funding and improving research studies; establishing a market infrastructure; developing integration links between educational, research and manufacturing organizations; providing community-based and institutional support for research and innovation field; increasing the investment attractiveness of the country on the world stage.
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