The Problems and Prospects of Developing a System of Financing Innovation in Russia

The rate of development of the innovative sector of the economy depends on the effective formation of a system to finance it. The choice of a base model to support innovative start-ups and the monitoring of the levels of public and private capital at every stage of development are the key issues facing countries with transitive economies. The ability to gain a foothold in the global innovation market is dependent on how these issues are tackled. However, the process of forming a financing system for innovations is associated with a number of internal and external difficulties. This article will analyze the current model of support for innovative enterprises in Russia. Internal strengths and weaknesses will be compared with external opportunities and threats. The results obtained are summarized with the opinion of the main participants in the process. Finally, a number of recommendations conducive to the further development of the system of financing innovations will be proposed.