Abstract
Innovation and investment potential is one of the basic conditions for achieving sustainable economic growth and development of the region. Innovation management requires state participation as a guarantee of the effective use of the generated resources in order to increase the welfare of the population during the transition to new economic realities, accompanied by a lack of financial opportunities and growing restrictions. The formation of an economy focused on sustainable development requires the development of priority areas of state support, enshrined in a set of regulations and targeted programs, while the importance of forming a regional management system that contributes to the growth of the region’s innovative and investment potential cannot be ignored. The regional policy for the development of innovation and investment potential makes it possible to create conditions for the successful building of a socially oriented society in Russia. However, the attention of the state to the support of territorial entities in the field of innovation development is limited. Regions and territories with a special status (ASED, science cities, etc.) are a priori in advantageous conditions, having more opportunities. In this situation, there is a disproportion in the distribution of state support between regions of different levels of investment and innovation activity. State support contributes to overcoming inequalities between regions, creating opportunities for equal access to resources and full-fledged innovative development. Russia’s transition to intensive development is impossible without the creation of a national innovation system that accumulates the investment potential of the regions and makes it possible to enhance the competitiveness of all types of industries. The transition to an innovative type of development requires a detailed study of the foundations of the formation of innovative and investment potential and factors affecting their level. It is necessary to develop methodological approaches to categorizing regions according to the level of necessary state support for the growth of innovation and investment activity.
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