Paper Title
Innovation Process of the Mongolian Higher Education Institution and its Development Perspective

Abstract
Higher education institutions are part of the sub system that is to create knowledge base for the Mongolian national innovation system. Innovation process of the higher education institution aims at applying innovation into practice for the purpose of improving profitability, competitive edge, and productivity; undertaking activities to improve the quality of higher education, significant process improvement and the main outcome will be economic benefits and improvement in the social wellbeing. Keywords - Mongolia, Higher Education, Innovation, Innovation Process