Innovative Economy

Innovative Economy - is a type of economy in which profit ensures no material production and the concentration of financial centers.It allows you to generate a stream of innovation, continually raising the bar in a kind of technological competition.Through this sector provides economic superiority of the country in which innovations are made.

innovative economic development is provided by the formation of new markets, intellectual property, ideas, developments, products.Understand the old economic structure and transferred to a different quality.There are new forms of organization for institutions and companies an innovative economy: corporate centers, industrial parks at universities, specialized trading platforms and so on.

Financing innovation economy

process of substitution of capital is carried out at all stages of the innovation process.Funding basic research is carried out through the state investment in infrastructure, research grants.Such investment funds attracted research teams, competing with each other for funds for new research projects.The main objective of this phase is to obtain an excess of ideas.Most of the ideas are not successful, but it will create the conditions for a process of substitution of capital.Inventions and patents acquired by private firms, and their shares are sold to investors who are eager to obtain profits.So innovative economy has received new funding from the private investment.

When developing ideas and develop and reach a higher level, they become more interested in large corporations.Even before the prototypes are beginning to attract foreign investment, the market is warming up.

In the last phase begins replacement of capital by end consumers, which brings together a variety of development and ideas.

innovative economy in Russia

Today Russian innovation economy in general scale of the economy is extremely low.It is a key element of today - research units of various foreign corporations, whose operation is based on the principle of intelligent outsourcing.

main problem that hinders the development of this sector in the country, - the lack of sufficient demand for new ideas in the domestic market.To innovative economy became most exciting business and successfully began to develop in the first place, necessary to modernize industrial facilities that will help to stimulate demand.

Currently, the Russian Federation is nothing more than a raw materials appendage, in the context of the rapid decline of natural resources is a completely hopeless situation.Another negative consequence of the innovation gap is the low competitiveness of the country.Furthermore, if the plans of Russia included the successful expansion of markets and entry into new international markets, namely innovative economy will such an opportunity as this sector contributes to the creation of new markets.A foothold in a new market and become a leader is much easier than trying to fight the old in a competitive environment.

To date, the most promising sectors in the Russian economy can be regarded as energy and oil production.Energy is able to promote innovative development of the economy of the country.However, without adequate support from the state, the sector can not develop sufficient pace.