Regional innovation development factors

Abstract

The study is devoted to the regional innovation development factor analysis. The first part contains the literature on the innovation development in regions review. The second part of the study is devoted to the regional innovation activity indicators analysis, and in the finale part the conclusions are presented and the results are summarized. The study is focused at the regional innovation potential indicators, the financial resources for innovation and the innovation activity results analysis. The study is conducted with the use of the factor analysis and the Principal Components Analysis.