Abstract

Investment and innovation activity is one of the factors in the development of the region, and also contributes to the increase of economic and social potential. To maintain the competitiveness, adapt to changing conditions of the external and internal environment, as well as for the sustainable development of the region, it is necessary to form new achievements of science and technology. In this regard, the innovation activity and innovation policy of the region have the decisive importance. The actual problem is the transition of the country's economy to the innovative development. To solve this problem, it is necessary to develop methods that will restructure all spheres of social relations. The innovative model of economic development requires the formation of the effective transformation of new scientific achievements into new technologies, goods, services in the country and in the regions. They will have their real consumers in the market through the cluster approach.

Highlights

  • IntroductionIn 2020, Russia had 47th place in the Global Innovation Index (GII), down one point compared to 2019 (Table 1)

  • Innovation activity is a type of activity related with receiving, reproduction of new knowledge and its further implementation in the material sphere of the economy, which means bringing scientific ideas to a specific product or technology.The implementation of the goals and objectives of the development of innovative activities is carried out through innovative projects and programs, which should be used by the regions to develop and implement the innovation policy.In 2020, Russia had 47th place in the Global Innovation Index (GII), down one point compared to 2019 (Table 1)

  • It is worth considering the characteristics of the region, when taking into account the measures for the economic development of a region through investment and innovation activities

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Summary

Introduction

In 2020, Russia had 47th place in the Global Innovation Index (GII), down one point compared to 2019 (Table 1). According to the Global Innovation Index -2020, the strengths of the Russian innovation system (Fig. 1) include:. − Human capital and science (30th place in the ranking): higher education (17), including the number of graduates of science and engineering specialties (15), higher education coverage(17) and the position of universities in the QS ranking (21); as well as the ratio of the number of pupils and teachers in secondary education (19). − The level of business development (42): the number of people employed in science intensive industries (18); number of employed women with scientific degrees (10); payments related to intellectual property (17)

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