The introduction of innovations is carried out in conditions of uncertainty and is associated with a high degree of risk which affects the economic security of enterprises. The purpose of the research is to develop a methodology for selecting innovative enterprise projects that are optimal for investment. To achieve the goal we proposed to compare project evaluations in the external and internal environment by using a comparative analysis. In this case, the object of research is a portfolio of innovative projects where an indicator of internal competitiveness is calculated by taxonomic assessment for each project. Each project is evaluated to predict its level of market competitiveness by the analytic hierarchy process. The implementation of the proposed methodology will result in the selection of such innovative projects in the capacity of investment objects that simultaneously have a high level of internal and market competitiveness. Thus, the implementation of the proposed methodology will optimize the choice of areas of innovative activity of enterprises, which will significantly reduce the risk of innovation.

The study of the evolution of the economic security of the business entity has shown that at the present stage of economic development it is important to consider the factors of influence on economic security, in particular: the effectiveness of management, personnel and financial safety, a strategic approach to the functioning of the communication system of protection, taking into account the evolution of security and active search for innovative modern domains of development of industrial organizations and increase of the responsibility of performers for the consequences of their work. This allows to reduce the risk of loss of economic safety of the business entity. It was argued that innovative conceptualization of risk as a probable threat of losses lies within the scope of activity of managers of various units and has features of probable economic and objective-subjective nature, as well as a wide range of variability of the impact on the issues of economic safety and is conditioned by the dynamic development of important societal significant economic processes at the global and national levels, which ultimately contributes to enhancement of the organization's competitive advantages.