Peculiarities and Dynamics of Financing Innovative Activity in High-Tech Industries of the Russian Federation

Relevance. One of the conditions for strengthening the position of the country on the global markets is the production of high-tech goods, determining the possibility of quality satisfaction of modern needs. Activation and intensification of processes in the Russian economy contribute to the enterprises - generators of innovation and belonging to the sector of high-tech production. Applying advanced technologies, demonstrating the innovative activity, the enterprises are called to determine the strategic vector of innovative economy formation. Therefore, consideration of the issue of studying the structure of funding sources of this sector, existing problems and prospects will allow making forecasts adequate to modern realities.

Purpose ‒ to analyze the current state of the process of financing high-tech industries as the basis for structural changes in the industrial sector of the economy and the source of stable socio-economic development of the state.

Objectives: to examine the structure and sources of financial investments in the high technology sector, analyze the dynamics and effectiveness of funding of innovation activities in the high technology sectors of the Russian economy in current conditions.

Methods. The research was based on the methods of comparative analysis, economic and statistical analysis, and methods of expert evaluations.

Results. The efforts of the state to introduce advanced technologies affect all sectors of the economy and, primarily, the high-tech sector. This is because industrialized countries are currently undergoing the processes of restructuring and modernization of industry, with special attention being paid to knowledge-intensive and high-tech industries. It is possible to ensure the competitiveness of domestic industrial products with the development and implementation of correct strategies of economic development, elaborated legislative base in the relevant area, and sufficient financing for conducted transformations.

Conclusions. Despite the active attention of the state to the high-tech sector of the economy, the issue of timely and sufficient financing thereof remains open, which creates objective difficulties for solving the tasks set by the President to preserve the scientific and technological potential of the Russian Federation, ensure conditions for innovative development of the real sector of the economy and improve the competitiveness of the Russian industry at the national and international levels.

1. Amirova N. R., Sargina L. V. Ekonomiko-proizvodstvennyj aspekt perekhoda k cifrovoj modernizacii ekonomiki Rossii [Economic and production aspect of transition to digital modernization of the Russian economy]. Putevoditel' predprinimatelya = Entrepreneur's Guide, 2019, no. 44, pp. 7‒16.

2. Kadim A. S. Rol' innovacionnogo potenciala v poluchenii promyshlennymi kompaniyami konkurentnogo preimushchestva [The role of innovative potential in obtaining competitive advantage by industrial companies]. Putevoditel' predprinimatelya = Entrepreneur's Guide, 2012, vol.13, no. 4, pp. 116‒ 129.

3. Mishulin G. M., Degtyareva E. D. Nacional'naya innovacionnaya sistema RF: metodologicheskie protivorechiya, pravovye probely i puti ih preodoleniya [The National Innovation System of the Russian Federation: methodological contradictions, legal gaps and ways to overcome them]. Ekonomika i predprinimatel'stvo = Economics and entrepreneurship, 2019, no. 10(111), pp. 84‒91.

4. Strokov M. A. Problemy konkurentosposobnosti rossijskoj obrabatyvayushchej promyshlennosti [Problems of competitiveness of the Russian manufacturing industry]. Vestnik OrelGIET = Bulletin of OrelGIET, 2020, no. 1(51), pp. 97‒101.

5. Shmanev S. V. Novye podhody k processu upravleniya promyshlennym sektorom ekonomiki [New approaches to the process of management of the industrial sector of the economy]. Vestnik OrelGIET = Bulletin of OrelGIET, 2020, no. 1(51), pp. 138.

6. O neotlozhnyh merah po sohraneniyu nauchno-tekhnicheskogo potenciala RF [On urgent measures to preserve the scientific and technical potential of the Russian Federation. Decree of the President of the Russian Federation of April 27, 1992 N 426]. Available at: https://bazanpa.ru/prezident-rfukaz-n426-ot27041992-h214965/. (accessed 20.01.2022)

7. Strategiya innovacionnogo razvitiya Rossijskoj Federacii na period do 2020 goda "Innovacionnaya Rossiya – 2020" [The strategy of innovative development of the Russian Federation for the period up to 2020 "Innovative Russia – 2020"]. Available at: https://cluster.hse.ru/mirror/pubs/share/209522123. (accessed 20.01.2022)

8. Programma "Yadernye energotekhnologii novogo pokoleniya na period 2010–2015 godov i na perspektivu do 2020 goda" [The program "New generation nuclear energy technologies for the period 2010-2015 and for the future until 2020"]. Available at: https://fcp.economy.gov.ru/cgibin/cis/fcp.cgi/Fcp/ViewFcp/View/2011/298/. (accessed 20.01.2022)

9. Programma "Razvitie farmacevticheskoj i medicinskoj promyshlennosti Rossijskoj Federacii na period do 2020 goda i dal'nejshuyu perspektivu" [The program "Development of the pharmaceutical and medical industry of the Russian Federation for the period up to 2020 and beyond"]. Available at: https://minpromtorg.gov.ru/common/upload/files/docs/MinProm_02.06.14.pdf. (accessed 20.01.2022)

10. Programma "Podderzhanie, razvitie i ispol'zovanie sistemy GLONASS na 2012–2020 gody" [Program "Maintenance, development and use of the GLONASS system for 2012-2020"]. Available at: https://fcp.economy.gov.ru/cgibin/cis/fcp.cgi/Fcp/ViewFcp/View/2020?fcp_code=2140000000. (accessed 20.01.2022)

11. Federal'naya tselevaya programma "Razvitie kosmodromov na period 2017–2025 godov v obespechenie kosmicheskoj deyatel'nosti Rossijskoj Federacii" [Federal target program "Development of cosmodromes for the period 2017-2025 in support of space activities of the Russian Federation"]. Available at: https://fcp.economy.gov.ru/cgibin/cis/fcp.cgi/Fcp/ViewFcp/View/2017/446. (accessed 20.01.2022)

12. Federal'naya tselevaya programma "Podderzhanie, razvitie i ispol'zovanie sistemy GLONASS na 2012–2020 gody" [Federal target program "Maintenance, development and use of the GLONASS system for 2012-2020"]. Available at: https://fcp.economy.gov.ru/cgibin/cis/fcp.cgi/Fcp/ViewFcp/View/2018/396. (accessed 20.01.2022)

13. Prognoz dolgosrochnogo social'no-ekonomicheskogo razvitiya Rossijskoj Federacii na period do 2030 goda [Forecast of long-term socio-economic development of the Russian Federation for the period up to 2030]. Available at: http://static.government.ru/media/files/41d457592e04b76338b7.pdf. (accessed 20.01.2022)

14. Fedotova G. V., Alieva A. H. Tendencii razvitiya cifrovyh intellektual'nyh tekhnologij [Trends in the development of digital intelligent technologies]. Izvestiya Yugo-Zapadnogo gosudarstvennogo universiteta = Proceedings of the Southwest State University, 2020, vol. 10, no.5, pp. 61‒71.

15. Shmanev S. V., Kvak A. A. Prioritetnye napravleniya po povysheniyu innovacionnoj aktivnosti vysokotekhnologicheskih predpriyatij [Priority directions for increasing the innovative activity of hightech enterprises]. Strategicheskie zadachi makroekonomicheskogo regulirovaniya i prostranstvennogo razvitiya [Strategic objectives of macroeconomical regulation and spatial development]. Orel, OrelGUET Publ., 2019, pp. 113‒123.

16. Yurzinova I. L., Babakina V. V., Golushko E. P. Gosudarstvennaya podderzhka finansirovaniya innovacij [State support of innovation financing]. Sovremennaya nauka: aktual'nye problemy teorii i praktiki. Seriya: Ekonomika i parvo = Modern Science: actual problems of theory and practice. Series: Economics and Law, 2013, no. 5-6, pp. 50‒54.

17. Federal'naya sluzhba gosudarstvennoj statistiki [Federal State Statistics Service]. Available at: http://www.gks.ru/. (accessed 20.01.2022)

18. Shmanev S. V., Shmaneva L. V. Novyj podhod k upravleniyu social'no-ekonomicheskimi preobrazovaniyami v Rossii [A new approach to the management of socio-economic transformations in Russia]. Vestnik ekonomicheskoj bezopasnosti = Bulletin of Economic Security, 2020, no. 5, pp. 229.

19. Oficial'nye statisticheskie pokazateli EMISS [Official statistical indicators of the EMISS]. Available at: https://www.fedstat.ru. (accessed 20.01.2022)

20. Shmanev S. V., Shmaneva L. V. Effective functioning of institutions as a basis for sustainable economic development. The European Proceedings of Social & Behavioral Sciences EPSBS. Conference Paper: MTSDT 2019 – Modern Tools for Sustainable Development of Territories (Project Management in the Regions of Russia), 2019, vol. 77, pp. 114‒119.