To date, the region's competitiveness and high economic growth are determined by its ability to offer innovation. Countries that have high levels of innovation become leaders in terms of economic development. Increasing the results of innovation is one of the most important areas of social and economic development of the region. High performance can be achieved by possessing a powerful innovative potential. The article examines some indicators of innovation potential and their impact on the results of innovation activity in the region. The level of costs for technological innovation and the number of personnel engaged in research and development have a significant impact on the results of innovation activities in the region. It was determined that a high index of innovation activity does not always lead to high results of innovation activity, which may be due to inefficient management when introducing innovations. The directions of improving the innovative potential of the region are the increase in the population of the region as a whole, the formation of scientific human resources, the formation of an effective system for managing the costs of innovation.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.