The Evaluation Of State Support To Innovation Project Based On Public-Private Partnership Principals: Federal And Regional Initiatives In Russia

The efficiency of state support to innovation projects has been estimated quantitatively using a number of methods. Evaluation as an important component includes the project analysis, which allows to assess the commercial effectiveness of project participants. We are developing a methodology for assessing the effectiveness of government support for innovation, since Russian researchers had previously attempted to take into account the consequences of supporting innovative projects by the federal authorities. The interest in participating in projects was not assessed based on public-private partnership (PPP) with different institutional measures applied to the territory. However, comparative analysis fails to study in detail the effect exerted by federal and regional support on the innovation projects based on public-private partnership. Our study has applied the well-known methods of project analysis to a variety of PPP participants. An original financial-institutional model has been developed taking into account the amount of direct and indirect state support and comparing its impact on the financial statements of innovative enterprises in operational tax surroundings. Experiments based on the model comprising different scenarios of state support to enterprises located in the Novosibirsk Oblast have been performed. Our study has revealed that, within the implemented scenario of an innovation project, direct state support is more important than indirect one. A comparative assessment of the alternatives to indirect state support to a project has showed clearly that regional initiatives were less efficient than the federal initiatives provided by such innovation development institutions as Skolkovo Innovation Center, Special Economic Zones and Priority Development Areas. The latter provides the largest amount of indirect support to high technology enterprises. Special coefficients describing mutually beneficial partnership within the projects have been introduced and calculated. It has become evidently that the “quasi profitability” coefficient is higher for the state than for other partners of the PPP projects.