Public-Private Partnership as an Effective Mechanism of Innovative Activity Financing in the Russian Federation

In the most economically developed countries, the level of social and economic servi­ces rendered to the population is several times higher than the existing level in Russia, the level of innovation activity is higher, and the state of the sphere of private business is more stable. The role of public-private partnerships as an effective mechanism for financing and stimulating innovation in the country is discussed in the article. The subject of the research is a public-private partnership that contributes to improving the economic efficiency of investors, enterprises and the state. Particular attention is paid to the factors influencing the development of the system of investing innovative activities. The authors also presented promising forms of public-private partnership for infrastructure projects that promote cash flows of investments in the implementation of innovative projects. Based on the study, the authors proposed an algorithm for assessing the effectiveness of the project based on public-private partnership, as a tool to stimulate the innovative component of the country. The stages of making a decision on the implementation of an infrastructure project in the form of a public-private partnership are described, which allow to study the investment process in more detail, as well as determine the level and possibility of minimizing financial risks at each of the planning stages. The novelty of the presented tools is a reflection of the sequence of relations between the state and business for the development of an innovative economy. Thus, the relevance is substantiated and the main conclusions are formulated, proving the effectiveness of using the mechanisms of public-private partnership in practice.

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