The Role of the State in Creating an Innovative Economy
Igor B. Vakhrushev1, Anna S. Tretyak2, Denis A. Zhukovsky3, Pavel B. Lukyanov4, Sergey A. Dyakov5, Vladimir M. Kurikov6

1Igor B. Vakhrushev, V.I. Vernadsky Crimean Federal University, Simferopol, Russian Federation
2Anna S. Tretyak, Southwest State University, Kursk, Russian Federation
3Denis A. Zhukovsky, Don State Technical University, Rostov-on-Don, Russian Federation
4Pavel B. Lukyanov, Financial University under the Government of the Russian Federation, Moscow, Russian Federation
5Sergey A. Dyakov, Kuban State Agrarian University named after I.T. Trubilin, Krasnodar, Russian Federation
6Vladimir M. Kurikov, Yugra State University, Khanty-Mansiysk, Russian Federation

Manuscript received on November 14, 2019. | Revised Manuscript received on 22 November, 2019. | Manuscript published on December 10, 2019. | PP: 2018-2024 | Volume-9 Issue-2, December 2019. | Retrieval Number: B7918129219/2019©BEIESP | DOI: 10.35940/ijitee.B7918.129219
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Abstract: Creating and ensuring sustainable development is impossible without active innovation in all areas of social production. Today, our country has achieved high and even record-breaking indicators in certain industries. All this happens, including through innovation. Technological competition is a key factor in the global competition between the States. However, technological pessimism remains the prevailing sentiment among groups of domestic experts. It is aggravated by the sanctions policy of Western countries and the risks of further isolation. Thus, further breakthrough development of the Russian economy is possible only with comprehensive support from the state and a systematic orientation towards the creation of an innovative economy. 
Keywords: Government, Innovation Economy, Innovation, the Russian Innovation Market, Tax Incentives, State Funds, Innovation Support, Investment Tools in Innovation, a Mechanism For Investing in Innovation
Scope of the Article: Web-Based Learning: Innovation and Challenges