Mechanisms for Economic Regulation of Innovative Activities
Keyword(s):
The paper considers the term «innovation» as a novelty or newly introduced development, which results in positive economic and social effects to the enterprise concerned. The government plays an important role in regulating innovative processes and acts as a guarantor for private investors. Reviewed are the direct and indirect methods of government regulation in the sphere of innovative activities. The types of tax remissions for entrepreneurs are reviewed and measures, concerning the public risk (venture) enterprise, are outlined.