Methodological aspects of determining the innovation potential of the region

Currently, competitiveness is a priority indicator for any country and in order to secure achieving its high level, some measures were developed aimed at formation of favorable conditions for the creation and implementation of innovations. It is the implemented innovative projects that have a positive impact on the economic status of the state. Innovative potential is considered the “foundation†for innovation, since its structure includes all the fundamental components, facilitating the passage through all the stages of the innovation cycle. The country’s indicators are formed from a set of economic indicators of the regions, so the policy of local self-government bodies of the subjects of the Russian Federation should be aimed at innovative development and, in particular, at building up the innovative potential of the region. The article analyzes various interpretations of the definition of “innovative potential of the region†and considers its structure and main components. Also based on the difference in approaches to the definition, a terminological classification is compiled from the point of view of Russian and foreign scientists who are engaged in research in the field of innovation. It is known that high practical results can be obtained when there is a necessary theoretical basis for that, in which the essence of all terms is revealed.