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National Interests: Priorities and Security
 

State regional policy for financing innovations: Interregional analysis of investment activity

ISSUE 8, AUGUST 2025

Received: 24 March 2025

Accepted: 12 May 2025

Available online: 14 August 2025

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: D00, G10, G18, G28, O30

Pages: 161-181

https://doi.org/10.24891/jxjlqi

Oksana A. KRASOVSKAYA Corresponding author, Irkutsk National Research Technical University (INRTU), Irkutsk, Russian Federation
chigir-1981@mail.ru

https://orcid.org/0000-0001-8535-9335

Vladimir I. BUN'KOVSKII Irkutsk National Research Technical University (INRTU), Irkutsk, Russian Federation
bunker59@mail.ru

https://orcid.org/0000-0002-0570-6569

Rafik F. STARKOV Irkutsk National Research Technical University (INRTU), Irkutsk, Russian Federation
1955starkov@mail.ru

https://orcid.org/0009-0009-0761-0614

Aleksandr F. SHUPLETSOV Baikal State University, Irkutsk, Russian Federation
ssa@isea.ru

https://orcid.org/0009-0005-0832-6982

Subject. This article focuses on the Russian State economic policy aimed at stimulating investment activity in the field of innovation.
Objectives. The article aims to analyze State policy in the area of innovation funding and develop recommendations for regulating the imbalance of interregional development.
Methods. For the study, we used methods of statistical analysis of innovative activity indicators and investments efficiency.
Results. The article reveals the uneven distribution of financial support across subjects of the Russian Federation and proposes measures to reduce the regional imbalance.
Conclusions. It is necessary to introduce stimulating mechanisms and tax incentives to improve the State innovation policy.

Keywords: State regional policy, innovations, regional development imbalance, infrastructure, financing, tax incentives

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