Abstract
The publication presents the results of a study of the process of investing in the innovation of the Russian manufacturing industry (sample 2009-2017). Factors of economic efficiency of investment projects of the industry are revealed. It is proved that the efficiency of investment is determined by external factors, primarily by the level of economic concentration (CR3) of the market of innovative products. The coordination of the scientific result with the industry consolidation dynamics model (A.T. Kearney) is presented.
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