UDC 332, 338
DOI: 10.36871/ek.up.p.r.2023.03.03.013
Authors
Ilmira I. Fazulzyanova,
ANO VO «Kazan Cooperative Institute (Branch of the Russian University of Cooperation),
Kazan, Russia
Abstract
Innovation and investment potential is one of the basic conditions for achieving sustainable
economic growth and development of the region. Innovation management requires state participation as a
guarantee of the effective use of the generated resources in order to increase the welfare of the population
during the transition to new economic realities, accompanied by a lack of financial opportunities and growing
restrictions.
The formation of an economy focused on sustainable development requires the development of priority
areas of state support, enshrined in a set of regulations and targeted programs, while the importance of forming
a regional management system that contributes to the growth of the region’s innovative and investment
potential cannot be ignored. The regional policy for the development of innovation and investment potential
makes it possible to create conditions for the successful building of a socially oriented society in Russia.
However, the attention of the state to the support of territorial entities in the field of innovation development
is limited. Regions and territories with a special status (ASED, science cities, etc.) are a priori in advantageous
conditions, having more opportunities. In this situation, there is a disproportion in the distribution of
state support between regions of different levels of investment and innovation activity. State support contributes
to overcoming inequalities between regions, creating opportunities for equal access to resources and
full-fledged innovative development.
Russia’s transition to intensive development is impossible without the creation of a national innovation
system that accumulates the investment potential of the regions and makes it possible to enhance the competitiveness
of all types of industries.
The transition to an innovative type of development requires a detailed study of the foundations of the
formation of innovative and investment potential and factors affecting their level. It is necessary to develop
methodological approaches to categorizing regions according to the level of necessary state support for the
growth of innovation and investment activity.
Keywords
investments, innovations, investment potential, innovation potential, state support, territories, regional economy.
