Financial Instruments for Stimulating Agribusiness Companies' Innovation Activities in the Far East Region

Abstract

For nowadays companies are forced to look for new drivers of performance growth. Today, agricultural holdings are not just manufacturing companies that supply products to both the domestic and foreign markets. These are platforms for the implementation of high-tech and technical capabilities that are being introduced into all segments of the agro-industrial complex in order to increase productivity and achieve social and economic effects. The innovative potential of Russian agro-industrial companies makes it possible to implement truly breakthrough projects, and one of the most attractive and fertile spaces for their implementation is the Far East region. Nevertheless, in the context of sanctions, a decrease in the level of interaction with foreign partners and restrictive measures, a particularly relevant problem is to increase the innovative attractiveness of the domestic agro-industrial complex. The study analyzed the investment attractiveness of the Far East region and main factors for the stable functioning of the agro-industrial complex. Based on the results of the study, we concluded that it is possible to use forward-looking tools to stimulate investment activity of agribusiness companies. It might be corporate programs to increase competitiveness, agreements on the protection and promotion of capital investments and a special investment contract. The study developed a model of a variable matrix of criteria for choosing financial instruments that stimulate innovative activity of agro-industrial companies for fulfilling its innovative potential.