Problems of financing and effectiveness of innovation activities

Abstract

The article studies the problems of financing innovation by enterprises and their impact on the effectiveness of implemented innovative projects. The relevance of the work is evidenced by the priority of the problem of maintaining and strengthening the innovative development of Russia against the background of the unstable economic, political and epidemiological situation in the country and in the world. The article presents a study of the cost structure of innovative activities of organizations. A correlation analysis of the dependence of the innovation performance indicator on the costs of enterprises for innovation activities, involving the calculation of the Pearson correlation coefficient, is performed. The reliability of the revealed correlation was verified. The results of the study allow us to conclude that there is a direct correlation and a high strength of the relationship between the volume of innovation financing and their effectiveness. A set of measures is proposed to address the issues of financial support for innovative projects on the basis of improving the system of state support for innovation, as well as the formation of new digital tools and the development of infrastructure for digital platforms for financing innovation activities. A system of measures aimed at improving the effectiveness of innovations has also been developed, where one of the main provisions is the development of the intellectual potential of the scientific sphere and the system of cooperation between all participants in the innovation process.