6.2.0 Innovative Management

The essence of innovation management is revealed, the object of which is innovation. It reveals the concept of innovation ^* from the birth of the idea, the creation and distribution of innovation to its use, as well as the order of formation of the innovation infrastructure, with the disclosure of the main stages of the innovation process and the life cycle of innovations.

The rules and procedure for the selection of innovative projects by identifying the main indicators of the effectiveness of alternative projects are given. Methods for calculating the commercial, budgetary and national economic efficiency of innovative projects are given, taking into account the multi-temporal indicators by discounting them to initial periods.

The goals and objectives of the system of financing innovative projects are disclosed. The principles, on the basis and on the basis of which the innovation financing system should be built and the most important financial sources, are substantiated: budget financing; extrabudgetary (non-state) financing; financial leasing ^* .