Conceptual approaches to forming a strategy of innovation-based development of the coal industry

The paper substantiates conceptual approaches to forming a strategy of innovation-based development of the national coal industry, which consist in defining the basis for using a portfolio approach to the management of innovation projects at the enterprise; consideration of uncertainty and risk factors when evaluating innovation projects; government regulation of market mechanisms in the implementation of innovation-based development of the coal industry; prove of coal-mining enterprises’ capitalization by production modernization; boosting innovative activities in the coal mines; institutional changes in the innovation-based development of the coal industry; improvement of the organizational and economic mechanism for managing the innovation-based development of the coal industry. It was determined that the strategy of innovation-based development of the coal industry should be based on the implementation of the following priority directions: technical re-equipment of coal production, including the development of underground mining technologies with preferential use of mechanized complexes of a new technological level in the stopes, the industrial utilization of coal mine methane; implementation of measures to enhance the role of the sectoral science for scientific and technological, academic and experimental purposes; renewal of the material and technical base of the sectoral science and training highly-qualified scientific personnel.