Innovations in the Regional Agro-Industrial Complex

Abstract

The aim of the study is evaluating the modern level of the innovative activity determining bottle necks thwarting progressive and dynamic development of the regional innovative process, searching the ways of increasing economic efficiency of the innovative activityand developing methods of objective evaluation of innovations. The following methods were used in the study process: monographic, analytical, systematic approach to studying economic phenomena, index analysis. Conclusions: In order to activate the innovative process it is necessary to have the state financial support, more liberal regionalregulatory framework stimulating innovations increase, clever algorithm of innovative activity evaluation making possible to evaluate profitability of an innovative project.