Peculiarities and Dynamics of Financing Innovative Activity in High-Tech Industries of the Russian Federation

Abstract

Relevance. One of the conditions for strengthening the position of the country on the global markets is the production of high-tech goods, determining the possibility of quality satisfaction of modern needs. Activation and intensification of processes in the Russian economy contribute to the enterprises - generators of innovation and belonging to the sector of high-tech production. Applying advanced technologies, demonstrating the innovative activity, the enterprises are called to determine the strategic vector of innovative economy formation. Therefore, consideration of the issue of studying the structure of funding sources of this sector, existing problems and prospects will allow making forecasts adequate to modern realities.Purpose ‒ to analyze the current state of the process of financing high-tech industries as the basis for structural changes in the industrial sector of the economy and the source of stable socio-economic development of the state.Objectives: to examine the structure and sources of financial investments in the high technology sector, analyze the dynamics and effectiveness of funding of innovation activities in the high technology sectors of the Russian economy in current conditions.Methods. The research was based on the methods of comparative analysis, economic and statistical analysis, and methods of expert evaluations.Results. The efforts of the state to introduce advanced technologies affect all sectors of the economy and, primarily, the high-tech sector. This is because industrialized countries are currently undergoing the processes of restructuring and modernization of industry, with special attention being paid to knowledge-intensive and high-tech industries. It is possible to ensure the competitiveness of domestic industrial products with the development and implementation of correct strategies of economic development, elaborated legislative base in the relevant area, and sufficient financing for conducted transformations.Conclusions. Despite the active attention of the state to the high-tech sector of the economy, the issue of timely and sufficient financing thereof remains open, which creates objective difficulties for solving the tasks set by the President to preserve the scientific and technological potential of the Russian Federation, ensure conditions for innovative development of the real sector of the economy and improve the competitiveness of the Russian industry at the national and international levels.