Methods and tools for innovative development of regions

The article analyzes the methods and tools for innovative development of Russian regions in the context of global instability, sanctions pressure, and limited access to advanced technologies. Key approaches, such as government grants, tax incentives, technology parks, and venture financing, which have proved their effectiveness in international practice, are discussed. However, their implementation in Russia faces challenges, including bureaucratic complexities, insufficient investments, and resource deficits. The author proposes the concept of the Regional Innovation Progress Mechanism (RIPM), aimed at creating an integrated ecosystem for accelerating innovation adoption, stimulating entrepreneurial activity, and enhancing regional competitiveness. RIPM includes digital educational ecosystems, crowdfunding platforms, “green” eco-parks, startup acceleration programs with international support, and active development of venture infrastructure. Particular attention is given to ecological sustainability, attracting private investments, building a qualified workforce, and promoting regional cooperation. The measures proposed can minimize the impact of external factors, accelerate the commercialization of innovations, and strengthen Russian technological independence, creating conditions for long-term sustainable economic growth of regions. The recommendations represent a multi-level, adaptive, and systemic approach to addressing current challenges.

1. Agafonenko O.Y. Determining the structure of the financial mechanism for the innovative development of a region // Financial Markets and Banks. – 2024. – No. 6. – P. 266–271.

2. Alkhovsky D.Y. Transformational processes of regional economic systems development: formation and development of regional innovative potential // Business Analytics in the Development of Regional Economic Systems: Proceedings of the International Scientific and Practical Conference, Samara, November 14, 2023. – Samara: Samarama LLC, 2023. – pp. 16-25.

3. Ivanov S.L., Terebova S.V. Problems of innovative entrepreneurship development in a region and solutions // Economic and Social Changes: Facts, Trends, Forecast. – 2024. – Vol. 17, No. 1. – P. 159–177.

4. Koba A.V. Implementing the concept of innovative development in the context of sustainable regional development // Economics and Management: Issues and Solutions. – 2024. – Vol. 4, No. 11(152). – P. 40–45.

5. Kovalenko N.V., Timoshenko A.G. Formation of innovative infrastructure as a factor of socio-economic regional development // Topical Issues of Regional Socio-Economic Development: Proceedings of the VI Republican Scientific and Practical Conference, Alchevsk, May 23, 2024. – Alchevsk: Donbas State Technical University, 2024. – P. 53–55.

6. Kuzmina E.V., Shevchenko S.A., Ivanov M.O. Innovative ecosystem as a driver of socio-economic regional development // Economics and Management: Key Issues and Prospects: Materials of the XVII International Scientific and Practical Conference, Tikhoretsk, October 27, 2023. – Krasnodar: FGBU “Russian Energy Agency” of the Ministry of Energy of Russia, 2023. – P. 199–205.

7. Kurasov M.V. Managing innovative development of a region’s industrial complex: theoretical aspects // Bulletin of the South-West State University. Series: Economics. Sociology. Management. – 2023. – Vol. 13, No. 6. – P. 277–287.

8. Manukyan M.M., Sarkisova E.G. The role of innovative development in ensuring sustainable development of regional enterprises // Effective Development of Regional Socio-Economic Systems in Modern Realities: Innovations, Sustainability, and Security: Materials of the International Scientific and Practical Conference, Vladimir, December 21, 2023. – Vladimir: Vladimir State University named after Alexander and Nikolai Stoletovs, 2023. – P. 270–274.

9. Pyankov A.Yu. Development of a region's innovative infrastructure as an important factor in territorial economic development // Ecology and Economy: Problems and Solutions for Sustainable Regional Development: Proceedings of the VI All-Russian Scientific and Practical Conference of Faculty, Postgraduates, and Master’s Students of the Ivanovo Branch of the Federal State Budgetary Educational Institution of Higher Education “Plekhanov Russian University of Economics”, dedicated to the 65th anniversary of the Ivanovo Branch, Ivanovo, May 16–17, 2024. – Ivanovo, 2024. – P. 62–66.

10. Makarov I.N., Drobot E.V., Nazarenko V.S. [et al.] Sustainable innovative development, green economy, and human capital: the foundational triad of state policy for regional economic development // Economics, Entrepreneurship, and Law. – 2023. – Vol. 13, No. 12. – P. 6255–6274.

11. Shpakova R.N. Strategies for socio-economic regional development: indicators of innovative development // Bulletin of Eurasian Science. – 2023. – Vol. 15, No. 5.