Paper/Speech Details of Conference Program for the 25th NISPAcee Annual Conference Program Overview IV. Regional Development and Inter-regional Author(s) Niyaz Gabdrakhmanov Kazan Federal University Kazan Russian Federation Ravil Nurtdinov, Kazan Federal University, Kazan, Russia, Aibert Nurtdinov, Kazan Federal University, Kazan, Russia Title The Transition to an Innovative Economy as a Strategic Imperative File Paper files are available only for conference participants, please login first. Presenter Niyaz Gabdrakhmanov Abstract The experience of industrialized countries shows conclusively that sustained economic growth in modern conditions is not the result of primitive production capacity factors, but their improvement and development on the basis of scientific and technological progress and innovation. To examine the strategy of Russia's development we must take into account that new trends fundamentally alter our understanding of the mechanisms of economic growth. Russia must solve both its tactical problems and seek answers to new challenges in order to ensure gradual, phased transition from the old inertial, natural-resource growth model to a predominantly innovative type of development. The aim of this work is to study the innovation sphere of Russia, to identify factors hindering innovation activity of economic agents, as well as the development of measures to address the existing problems. As a hypothesis put forward the following points: 1) Innovation sphere Russia is experiencing a deep crisis; 2) The key problem in the way of innovation activity in the country is the lack of effective mechanisms for funding research and development.
