Subject The article considers the aspects of functioning of regional innovation systems. Objectives The paper aims to systematize the ideas of Russian economists about the functions of regional innovation systems and approaches to their study. The main objectives of the study are a critical analysis of these ideas and the development of a classification of the functions. Methods The methodological basis of the work is a content analysis of main domestic publications on various aspects of regional innovation systems. Results I determined that the works of domestic specialists in the field of innovative economy allow to empirically identify three functions: production, optimization of regional economic policies, and modernization of the national economic structure. However, they do not correspond sufficiently to the challenges facing the regional innovation systems, therefore, I propose a classification of functions, among which the main ones are production, consolidation, communication, financial and social functions. Conclusions and Relevance The specificity of understanding the concerns of regional innovation systems in the Russian Federation predetermines the special functions established for them. The results of this research can be used in the elaboration of national and regional innovation development programs. In these programs, it is advisable to indicate basic functions and the main corresponding activities planned.
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