Strengths and Weaknesses of National Innovation System of the Russian Federation

Abstract

Today the introduction of innovations in manufacture of industrial products, agricultural products and services has become the key factor of economic growth and competitiveness of national economies throughout the world. Innovative development has become a global competition for technology and human capital. Russia’s objectives are ensuring a high level of welfare on the basis of the transition to an innovative path of development and acceleration of scientific and technological progress, strengthening the geopolitical role of the country as one of the global leaders. Over the years, venture market has appeared and the main elements of the innovation system has formed in Russia. In the field of innovations Russian Federation moves towards state management of the innovation. To accelerate innovative development of the country, it is necessary need to give more opportunities for the development of private initiative, as it is done in the leading countries. Successful application of the use of developed countries innovative capacity for achievement economic growth can serve as a benchmark for Russia. National innovation system of the Russian Federation is fundamentally differs from NIS in developed countries, both as by the level of development and efficiency of functioning and by its organizational structure. Social, cultural, historical and economic factors are in the basis of these differences. Competent adaptation of its individual elements to the Russian conditions can improve the competitiveness of the innovation sector and the Russian economy as a whole.