To date, the main task of social, economic and political modernization of any state has been the issue of transition to a knowledge-based economy through innovative, industrial and scientific development. The article defines the goals and objectives of the national innovation system. The tasks of organizing measures to increase innovation activity are set. At the same time, the analysis of the role of the innovation Fund in industrial and innovative development, the study of innovation activities, as well as the disclosure of goals, tasks, functions and benefits for the economy of innovative development. Territorial features of the development of the innovation system analyzed the problems of implementing the policy of industrial and innovative development of the country and ways to solve them considered; proposals for improving the organization of innovative development, financing the production of innovations studied. The announced directions in the implementation of the innovation policy of the National innovation Fund, venture financing of innovative projects, the creation and development of venture infrastructure in Kazakhstan, the transfer of advanced foreign technologies, Support for projects with high risk. The main directions of innovation policy outlined. In the course of innovative development of Kazakhstan's economy reflects the actions for increase of competitiveness of national economy within industrial-innovation policy of the Republic of Kazakhstan.