Innovative Development of Region in the Conditions of Formation of Knowledge Economy

This article reflects the need of formation of regional innovation system in view of becoming a knowledge economy. Paying special attention to the problems of development of innovative economy of Russia, the authors identify the main directions of development of regional innovation systems. It was noted that for future innovative development an important role will be played by person's attitudes, behaviors that either contribute to the spread of innovation in the economy and social life, or prevent him. A key role in the innovative development of the region belongs to infrastructural support innovative entrepreneurship. Strengthening of the regional component in the formation and implementation of innovation policy in the Russian Federation is the need for measuring and comparing levels of innovative development of individual regions. It is necessary to develop an innovative economy, both regionally and at the national level through the development of industrial, financial, human and social capital. The regional dimension is of more importance in the new environment of the information society where the basis of the development of society is inherent in the people, in their human capital. The approach of improvement of the mechanism of functioning of regional innovation systems, according to the authors, will allow creating a competitive and innovative economy in the region. DOI: 10.5901/mjss.2015.v6n3s7p29