Analysis of regional innovation environment factors within the institutional approach

The article deals with a new approach to the assessment of regional innovation environment factors. The approach is based on the assessment of three fundamental factors: the legal, infrastructural, and economic ones. The theoretical significance of the study lies in a contribution to the development of techniques for the assessment of development factors of the innovation environment of regions on the basis of an index method, taking into account expert opinions of innovators. The purpose of the research was to develop a mechanism for the regulation of the development of the regional innovation environment on the basis of the author’s technique - the PRIM index. The methods of research included the economic and statistical methods, methods of expert evaluation, the correlation and regression analysis, and the index method. The result of the research is the formation of an organizational and economic mechanism for the regulation of the development of the regional innovation environment on the basis of the PRIM index method that takes into account the assessment of innovators in order to increase the level of the regional innovation potential as a factor of social and economic development of the subjects of the Russian Federation. Based on this mechanism, the authors proposes an algorithm for managerial decision-making aimed at improving the management of the innovative potential of regions