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Analysis of financial instruments that ensure the implementation of the mechanism of innovative development of the economy of the Russian Federation

https://doi.org/10.28995/2073-6304-2024-3-68-82

Abstract

The presented article is analyzing the means to ensure the implementation of the innovative development mechanism that enables realizing the mechanism of innovative development in the economy of the Russian Federation. The paper analyzes the dynamics of Russia’s positioning in the Global Innovation Index both in general and in its constituent components. It characterizes the mechanism of financial support of innovative processes and forms approaches to financing innovative activities depending on the life cycle of the company. Taking into account the type of economic activity, the author analyzes the costs of innovative efforts for the period 2021–2022. The Russian financial infrastructure for innovation support is presented. Financing instruments are defined and the system of budget innovation funding is disclosed. The features of venture financing of startups are characterized. The author carried out a comparative description of the advantages and disadvantages for financial instruments providing innovative development.

About the Author

M. A. Yukhnenko
A.I. Kuindzhi Mariupol State University
Russian Federation

Mikhail A. Yukhnenko, Cand. of Sci. (Economics)

bld. 129A, Stroitelei Avenue, Mariupol, Donetsk People’s Republic, 287537



References

1. Denisova, O.N. and Tolmacheva, I.V. (2023), “Trends and prospects for the development of the national venture finance system in the conditions of the formation of an innovation economy”, Progressive Economy, no. 10, pp. 145–160.

2. Margolin, A.M. and Sinyutin, L.P. (2022), “Underlying Challenges for Russian Venture Industry Development and Methods for Their Solution”, Administrative Consulting, no. 1 (157), pp. 47–63.

3. Shmanev, S.V. (2022), “Peculiarities and dynamics of financing innovative activity in high-tech industries of the Russian Federation”, Proceedings of the Southwest State University. Series: Economy. Sociology. Management, no. 12 (2), pp. 51–63.

4. Valiakhmetov, I.R., Kurilova, A.A. and Kurilov, K.Yu. (2022), “Development of a mechanism for financing Russian innovations under EU and US sanctions”, Vestnik of Volzhsky University after V.N. Tatischev, vol. 2, no. 1, pp. 191–198.


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For citations:


Yukhnenko M.A. Analysis of financial instruments that ensure the implementation of the mechanism of innovative development of the economy of the Russian Federation. RSUH/RGGU BULLETIN. Series Economics. Management. Law. 2024;(3):68-82. (In Russ.) https://doi.org/10.28995/2073-6304-2024-3-68-82

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ISSN 2073-6304 (Print)