Development of innovation capabilities both in financial and creation aspects and improvement of institutional structure are main problems in modern economies. Enterprises couldn’t create innovations without more institutional and policies support. It’s important for enterprises because allows to adjust to learning economy circumstances.

A gain of more innovation capabilities in learning economy frames create new chances for innovation and technology development based on economies traditional circumstances and factors. Many economies couldn’t create capabilities for knowledge-based economy because there aren’t high-tech sector and level of R&D expenditures is very low. These economies are competitive in rather traditional sector (i.e. manufacturing, forestry, fishering), so enterprises functioning within need more institutional support.

The main aim of the paper is to describe and interpret two processes: 1) the impact of the institutional changes and market environment on the changes in the circumstances of neoliberal policy, and 2) the role of innovation and technology transfer in the formation of the new economic activity with the support of innovation policy.