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Financing of innovation projects of Russian knowledge-intensive business

Vol. 17, Iss. 8, AUGUST 2019

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Received: 25 June 2019

Received in revised form: 3 July 2019

Accepted: 8 July 2019

Available online: 15 August 2019


JEL Classification: R11, R12, R58

Pages: 1525–1539

Podernya E.S. Financial University under Government of Russian Federation, Moscow, Russian Federation

Subject This article discusses the problem of attracting investment in projects of the Russian innovation market.
Objectives The article aims to identify possible sources of investment for innovation projects of knowledge-intensive companies, and identify the reasons for their low attractiveness to investors and possible ways to increase their competitiveness.
Methods For the study, I used the methods of post-hoc, functional and structural, and systems analyses, grouping, sampling, comparison, and synthesis.
Results The article highlights key issues related to attracting long-term investments in innovation projects of knowledge-intensive enterprises.
Conclusions The Russian innovation market is in its infancy. Support is needed to develop a mutually beneficial relationship between the innovation R&D initiator and the investor interested in profit-making and developing a general innovation background of the Russian economy.

Keywords: innovative projects, investment


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