Institutional Environment Development of Innovative Economy of Russia: Problems and Solutions

The article is devoted to the development of methodological approaches to the formation of the institutional environment for innovative development of the Russian economy. In this regard it was essential to analyze the current state of technological development of the Russian economy based on the interpretation of economic and static indicators and expert assessments, to identify barriers to the transition of the Russian economy to the way of innovative development as well as to find methods to create favorable conditions for interaction between large businesses and innovators to provide necessary tools and infrastructures for their productive dialogue. The basis of the institutional environment of the innovative economy is such a system of effectively functioning institutions as an innovative cluster, an innovative network, and a digital platform. It is concluded that the development of the institutional environment of the innovative economy of Russia will lead the country to a way of sustainable economic growth and rank it among the technologically advanced development powers.