Innovative Industry Development In The Russian Federation

Abstract

The intensification of innovative activity in industrial production, taking into account the state's course towards import substitution and overcoming economic sanctions against the Russian Federation from the industrially developed countries of Europe and the United States, contributes to the technological overcoming of the lag in the innovative development of the national economy sectors. The article considers the innovation activity parameters of industrial enterprises on the territory of the Russian Federation and examines the main development trends. The costs of technological innovation and the sources of their financing are also analysed. The main reasons for the decline in innovation activity of industrial enterprises are stated. In addition, the major trends affecting the industrial development are presented. The system improvement of industrial enterprises innovation management based on the project approach is justified. Common characteristics and properties of such concepts as «innovation» and «project» are presented. The project management innovation potential comprehended by the domestic enterprises will contribute to the sustained growth and improved innovation performance.