INVESTMENT RESOURCES OF INNOVATIVE POLICY OF THE REGION

DOI 10.32651/192-8

Issue № 2, 2019, article № 2, pages 8-13

Section: Program-target management of development of agricultural production

Language: Russian

Original language title: ИНВЕСТИЦИОННЫЕ РЕСУРСЫ ИННОВАЦИОННОЙ ПОЛИТИКИ РЕГИОНА

Keywords: INNOVATION POLICY, FEDERAL BUDGET, MARKET, TECHNOLOGICAL INNOVATION, INNOVATION COSTS, REGION, INNOVATION PROJECT, FINANCIAL RESOURCES, INVESTMENT, INNOVATION

Abstract: The need of orientation of all branches of national economy and especially its agrarian sphere on innovative rails is dictated by the requirement of time. The main problem is to search of investment resources on innovative activity. Economic sanctions seriously aggravate this process; key for development of Russia, and especially in its agrarian sector where there are great difficulties with financial support of innovations. Depending on economic conditions, financial opportunities, degree of risk should define the most acceptable structure of investments into innovations. Innovative activity in the region remains at a low level, especially in the agro-industrial complex. Nevertheless, the total cost of innovation in the region by the end of 2017 increased exactly twice in comparison with 2010 and amounted to 5617.7 million roubles. For the region, its own sources are fundamentally dominant, the share of which is significantly higher than in the Russian Federation and the Central Federal district, and in recent years their share reaches 74.9‰, which is evidence of the high independence of the region in financial support of innovation. The Federal budget is not actively involved in the financing of innovations in the region, as it provides half of the assistance targeted resources aimed at their financing. The priority of regional financial policy remains the financing of technological innovations. The region should review innovation policy with a shift in the focus towards financial support for the agro-industrial complex.

Authors: Sycheva Tatiana Aleksandrovna, Gusev Andrei IUrevich, Romanov Andrei Nikolaevich