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The interaction of a small innovative enterprise with territorial enterprises aimed at their socio-economic and innovative development is examined on a specific example, which is important for the development of the regional economy. The authors determine and examine the major areas of enterprise cooperation, access their state and suggest the development indicators. This paper describes the influence of state support through the Innovation Promotion Fund on the development of small innovative enterprises, as well as other territorial enterprises that receive orders from these organizations. The results of the study demonstrate that territorial enterprises can create a system of close cooperation at the local level, promoting their development on terms of mutual interests. The private sector shows interest in participating in the production of innovative products. The proposed model of building an innovative territorial business can be applied by many small, medium, large enterprises in the field of electronic component base, as well as in other industries to create a successful innovation project. Further improvement of the state policy in relation to small innovative enterprises can accelerate the transformation of these enterprises into independent, in-demand research engineering and technology organizations that ensure the development of existing manufacturers of high-tech products based on contract manufacturing.