Innovation-Oriented Way in Regional Economic Development

The article deals with the features of innovationoriented development of regional economies.It leads to the appearance of preferences in the economy and society formation.Regional development creates the basis for growth of economic potential in the sphere of entrepreneurship development, optimization of infrastructure and introduction of innovations.At the same time, the increase of the state influence on the economy contributes to the fall of investments in the regions, reduces the development of the banking system, etc.In order to overcome the protracted economic crisis in the country and the regions, the authors propose to intensify the development and introduction of high technologies by removing administrative barriers in the sphere of entrepreneurial activity, expanding the technoparks, creating the necessary conditions for the optimization of the centers for issuing patents and permits that meet international standards.Factors hampering the development of regions, as well as tasks in the field of competitive development of regions are considered.It is proposed to synchronize investment and innovation plans for the development of regions with the long-term development strategy of the Russian Federation, taking into account the innovation infrastructure.