Engaging the Asia-Pacific countries in development of innovative activity in Russia

Bandurko Olga, Noskova Olga, Bovkun Alexander

Irkutsk State Research Technical University

e-mail: Bovas87@yandex.ru

The priority direction of state policy today is the transition of the Russian economy on an innovative path of development in order to increase its competitiveness. However, innovative activity in Russia has not yet become a factor of economic growth, although efforts are being made to support innovation and the creation of economy based on knowledge.

The development of close economic and diplomatic ties with Asia-Pacific countries is due to the unstable political situation in Ukraine, the special economic relations with European countries. Great emphasis in the development of innovation is paid to regions of Siberia and the Far East, located on the state border with Asia Pacific countries. However, developing of this innovation in such regions is insufficiently effective, compare to the central part of the Russia. This occurs because:

- High risks of doing business in areas with difficult climatic conditions;

- Remoteness and high rates on energy and transport services;

- Lack of interest of entrepreneurs to innovate caused by high-risk production activities under northern climatic and resource constraints, etc. ..

Therefore, the regions of Siberia and the Far East need some technique to increase the investment attractiveness and the state support for the development of innovation activities. This is especially important in the presence of a huge subsurface potential of the regions and closeness to Asia-Pacific countries, which interested in development of perspective areas.

The objective of the Government in development of innovative activity in Siberia and the Far East is to attract investment funds to the development of innovative processes, as well as conviction of the business sector of the economy believe in the innovative development of the country's economy, motivate business to irregular and risky actions, investing their own funds in innovation. Particularly relevant is the task of attracting foreign investment companies and their innovative projects on the territory of our country. Scientist V.L. Inozemtsev believes that the most perspective way to develop an innovative economy is the campaign to attract foreign technologically advanced companies in the country, providing them with greater tax holidays [1, p. 155].

Realization of innovative activity of Asia-Pacific countries on the territory of the Russian Federation is caused by the presence of the following positive factors:

- Using global innovative project management experience;

- Increasing of foreign investment funds in innovation activities;

- Growth of foreign capital in the country's economy;

- Use of advanced industrial technologies and equipment;

- The development of international relations between countries;

- A special way to regulate relations with foreign companies in investing their innovative projects in prospecting, exploration and production of oil and gas on the territory of the Russian Federation in accordance with the Federal Law of December 30, 1995 №225 “About agreements and sharing of production”.

To increase the investment attractiveness of Siberia and the Far East need a set of measures aimed at achieving the objective. Need appropriate mechanisms, which provide business opportunities of choice economically attractive investment targets.

To increase the investment attractiveness of the regions of Siberia and the Far East to the Asia-Pacific countries, it is necessary to solve the following problems at the federal level:

- creating of organizational and economic mechanisms of organization of production for the foreign companies in our country,

-improving of legal and regulatory framework of entrepreneurial activity,

-rational combination of state regulation and market management mechanisms,

-support the priorities of the economy, in view of global trends in this field,

- advanced software development management of innovation projects domestic companies,

Mechanisms to increase the investment attractiveness of Siberia and the Far East could be subsidies for the development of innovation infrastructure; creation of regional venture funds and preferential tax treatment in the regions of Siberia and the Far East. Companies from Asia-Pacific countries need appropriate mechanisms to provide business opportunities of choice economically attractive investment targets. At the level of legislative support, allowing the development of venture businesses, such measures may include:

-preferential tax treatment of investors of innovative projects;

-special customs regime for small batches of materials and components for research and development;

-cancellation of effect of law on public procurement for innovative products;

-preferential mode of delivery of accounting and tax reporting for investors.

Literature:

1. Inozemtsev, V.L. The driving forces of innovation: Illusions and Reality // Dynamics of Innovation. Ed. V.I. Suprun. - H .: FSPI " Тренды ", 2011.- p. 143-157