The study aims to build a model for evaluating the effectiveness of activities and the effectiveness of financial investments in hightech industries in Kazakhstan. The development of high-tech industries plays an important role in the economic growth of a country. In this regard, it is relevant to study the effectiveness of financing the most important industry in Kazakhstan. The development of the high-tech sector ensures the efficient functioning of the national innovation system. High-tech enterprises are one of the competitive sectors that allow us to develop and implement leading-edge innovations with the goal of their subsequent commercialization domestically and abroad. The author defines the multicriteria of efficiency in a knowledge-based economy associated with achieving an economic effect with multivariate correlation of results with costs. A multivariate dynamic model, an integral indicator of performance, an integral indicator of cost-effectiveness is proposed. The assessment of the effectiveness of financial costs and performance indicators in all regions of Kazakhstan have the positive dynamics of indicators, as well as a high economic effect. The results of the study can be applied in regional management to adequately assess the effectiveness of high-tech organizations and the effectiveness of financial investments, contribution to ensuring the economic security of the region.

Abstract
1. Introduction
2. Literature Review
3. Analysis of Current Situation in Kazakhstan
4. Research Methods and Materials
5. Results
6. Conclusions
References

• Gulnara SADYKHANOVA(Candidate of Economics Science, Head, Economics Department, Higher School of Economics and Business, Al-Farabi Kazakh National University.) Corresponding Author
• Aiman EREZHEPOVA(Candidate of Economics Science, Economics Department, Higher School of Economics and Business, Al-Farabi Kazakh National University.)
• Biken NURMANOVA(Candidate of Economics Science, Economics Department, Higher School of Economics and Business, Al-Farabi Kazakh National University.)
• Aida AITBEMBETOVA(Candidate of Economics Science, Economics Department, Higher School of Economics and Business, Al-Farabi Kazakh National University.)
• Laila BIMENDIYEVA(Candidate of Economics Science, Economics Department, Higher School of Economics and Business, Al-Farabi Kazakh National University.)