Financial aspect of innovation in Russia

This article highlights the problems of the financial aspects of innovation Russia. The main aim of the paper is to analyze the financial component of the innovation process in Russia and comprehension of the need for effective fiscal stimulus in this field. The author presents the results of the correlation analysis, under which found that the increase in investment in fixed assets of organizations is not a factor in increasing the number of organizations implementing technological innovation. The research enabled the author to develop a system of indicators and a new method of assessing the effectiveness of the financing of innovation in Russia.

financing, innovation, innovative activities, indicators, evaluation method