Abstract
This article describes the concept of innovation and innovative projects. Based on research of domestic and foreign scientists it clarifies the concept of “innovation”. After the analysis of the features of innovative projects the authors concluded that the innovative projects effectiveness evaluation should take into account non-economic indicators such as social, ecological, resource, scientific and technological ones. The algorithm of innovative projects effectiveness evaluation taking into account non-economic indicators was modeled. This algorithm can be applied in innovative projects effectiveness evaluation undertaken by the Government of the Russian Federation and Russian funds that are rather interested in improvement of social, ecological, scientific and technological situation in the country and the region than in economic benefits. DOI: http://dx.doi.org/10.12731/2218-7405-2013-8-55
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