Performance Analysis of Development Institutions for Investment and Innovation Activities in Rostov Region

Abstract

The article deals with the issue of working out approaches to improving performance of regional institutions for stimulation of investment and innovation activities development in the Russian Federation.Regional innovative systems are the suppliers of innovative techniques for all economy sectors, social sector and territorial ecosystems. Particularly, much attention in the article is paid to the necessity of constant update of the so-called "best available techniques", which are to be introduced in Russian regions in the framework of the national project "Ecology".The target of research for the article is Rostov region with its innovative system with regard to the existing institutions, promoting the investment and innovation activities. The authors have explored the core indicators of the investment and innovation development in Rostov region and implemented systematization of innovative development in existing institutions (expert organizations) considering such factors as implemented support measures for the regional innovative system subjects, targets and sources of funding. The prospective ability of correlation between the employed support measures of researchand-development and implementational works and the needs for the prospectively best available techniques in the region's production sector has been studied as a particular factor.

Development Priorities for the Regional Innovation System Based on the Best Available Technologies

“…The general theoretical basis of the mechanism for managing the sustainable development of regional innovation systems based on the best available technologies was presented in a number of previous articles by the authors [21][22][23].…”

“…In this regard, a mechanism for the development of innovative systems based on BAT should be launched at the regional level, the aim of which is to synchronize the functioning ofboth innovative institutions and institutions for regulating the rational use of natural resources, which currently operate in a relatively isolated manner. The general outline of such a mechanism with a detailed description is presented by the authors in a number of previous works [20][21][22][23]. Its main result is the expansion of the potential and promising BAT flow in the region for their subsequent introduction to the relevant reference books on BAT and their implementation at the regional enterprises, through the development of interaction of all participants in the process of creating and implementing such technologies and providing a system of incentives.…”

“…In this regard, the Rostov region needs additional practical recommendations aimed at implementing the proposed mechanism for the development of a regional innovation system based on BAT. Recommendations for additional support for enterprises implementing BAT at the regional level, creating additional preferential instruments to attract private investment for research and development activities in the field of creating potential and promising BAT in the region, separately for small and medium-sized enterprises, the introduction of these measures and tools to the current system of business and investor support institutions in the region were presented in a number of previous articles by the authors [13,21,22].…”