Methodological aspects of determining the innovative potential of the Arctic regions of the Russian Federation

Abstract

The paper deals with issues related to the assessment of the Arctic regions: it is currently considered a major strategic development priority warranting some study. Innovative potential is taken to mean the readiness and ability of regional business organizations to exploit innovative capacities. The article considers methods for assessing the innovative potential of the Arctic regions and proposes an algorithm for the assessment of the innovative potential level of the Arctic regions. This assessment makes it possible to determine a strategy for managing innovations in the regions and to identify the needs for resourcing innovations. Continuous monitoring of innovative potential and its components will contribute towards a more pertinent design and implementation of a regional policy for the innovative development of the Arctic regions. Further research is intended to utilize the proposed algorithm to make forecast calculations on the basis of statistical data with the aim of determining prospects for the development of the innovative potential of the Arctic regions with due account for main resource categories.