The problem of financing innovation activity in Russia

Abstract

The general aim of this paper is to identify the role and significance of the innovation activity as effective instruments of economic development and structural change. The role and significance of the scientific-and-technological advance, innovation activity and generation of new knowledge as effective instruments of development and sustainable functioning of national economies and single branches, the postindustrial society generally, established completely at the beginning of the XXI century. The main hypothesis of work is a precise comprehension of innovative activity strengthening necessity in conditions of insufficient degree of russian economic agents motivation . In conditions of a favorable conjuncture in the market of raw materials Russian enterprises receive sufficient volume of profit without carrying out of expensive scientific researches and development of innovations. Therefore the main task for today is introduction of the program of innovative activity activization based on partnership of state and private capital. The paper is structured as follows. The first section introduces the theoretical approach of innovation. The second part is devoted to the analysis of statistical data on scales and dynamics of innovative activity in Russia for years of reforms, and to the problems of financing of scientific researches with innovative orientation. Finally, the third section concludes remarks and policy issues.