The mechanism of financing innovative activities of Russian enterprises

The current extremely difficult economic circumstances in our country require the establishment of scientific and methodological foundations for the investigation of the mechanism of financial support for innovative projects, which requires the establishment of a rational financing mechanism for the advancement of innovative endeavors by Russian enterprises. Only in this case, conditions can be created to provide innovative projects with the necessary financial resources and the possibility of their concentration on key areas of innovation policy. This is the most important factor in the social and economic development of various integrated structures and the state as a whole, including in the field of ensuring economic security. The author has carried out a comprehensive study of the main sources of financing that can be used in the innovative activities of enterprises, identified the basic elements of the financial mechanism for ensuring the implementation of innovative projects, and also proposed conceptual approaches from an investment position to the financing of innovative projects at various stages.

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