Importance During the globalization, international division of labor and cooperation fuel integration processes in the global economy. Hence, it gets especially relevant to devise an effective mechanism for international cooperation of industrial enterprises. Objectives The research forms an effective mechanism for international cooperation of industrial enterprises in innovation. Methods Using a statistical analysis, we reveal key areas for cooperation of industrial enterprises in innovation. Based on a systems approach, we substantiated the industrial enterprises' cooperation mechanism. A comparative analysis helps describe the practical implementation of international cooperation of industrial enterprises in innovation. Results We propose a mechanism for interaction between industrial enterprises and small and medium-sized businesses through their international cooperation, thus optimizing integration processes in innovation, since the process will be based on subcontracting as one of cooperation formats in the high technology sector. Conclusions and Relevance We found the need to set up a system for supporting production cooperation processes, monitor the interaction of small, medium-sized and large businesses, meet enterprises' demand for professional services so to streamline the mechanism. It is necessary to provide more information to small, medium-sized and large businesses in the industrial sector on advantages of subcontracting and outsourcing, expand a spectrum of services for small, medium-sized and large industrial businesses involved in the subcontracting process.
Keywords: international industrial cooperation, industrial enterprises, subcontracting, innovation, innovative technologies
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