Development of the industrial sector in the regions through innovation

Abstract

The purpose of the study is to consider the development level of innovative perspective based on prioritization, putting in the first place the industrial sector as the quintessence of all activities in the region. Innovative transformations are an integral part of the strategy implementation for the development of the economy of the Russian Federation in general and regional strategies in particular. At the same time, each of the participants in innovation activities seeks to save them, which leads to the search for less resource-intensive or alternative technologies, to consider the possibility of using elements of outsourcing or engaging regional authorities in the implementation. In most cases, when forming views on innovation processes, the sectoral complex as a whole is considered, which does not take into account the peculiarities of the functioning of individual sectors. The results of the study can be useful for meeting the conditions of the compliance of the goals and objectives of the region’s innovative development, the common vision of project investment, the dynamics of the industrial sector development will be met, and the foundations for the further projection of the proposed tools to manage the economies of the regions and the country.