Digital Innovation Ecosystems and Their Role in Financing Innovations in Russia

Objective. This article explores the role of digital innovation ecosystems as a key driver in the development of Russia’s contemporary innovation financing system. Methods. The study is based on a review of relevant literature and comparative analysis. Results. The authors present a comprehensive analysis of both international and domestic experiences in the creation and operation of innovation clusters modeled on the “Silicon Valley” framework. The study also examines modern digital platforms that facilitate effective interaction between investors and innovative projects. Employing a systemsbased approach, the paper identifies the characteristics and limitations of current innovation financing instruments and substantiates the need for alternative mechanisms to attract private capital to the innovation sector. The authors propose practical recommendations for fostering the development of Russia’s digital innovation ecosystems. Scientific novelty. The research introduces an integrated approach to studying the role of digital innovation ecosystems in financing innovation in Russia. It incorporates insights from international “innovation valley” models and leverages the potential of modern digital platforms for investment attraction. Practical significance. The findings of this study can inform the design of national policy initiatives aimed at promoting innovation-led development and digital transformation of the economy.

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