FINANCIAL ASPECTS OF A NEW TECHNOLOGICAL SYSTEM'S FORMATION IN RUSSIA
The current Russian model of financing innovations is focused on getting maximum profit from the established product and commodity structure of the economy and isn't able to work effectively on new scientific and technological investments that provide the formation of the nucleus of the sixth technological order and formation of relevant industries in the Russian economy. In this regard, there is an issue of research of financial aspects of the Russian economy's transition to a new technological structure, defining a role of financial system in providing this process. In this context the article gives a definition of financial innovation, and according to the authors, it is interpreted as a form of financial relations between the state, business, science, education and society in general, which ensures the redistribution of all types of financial resources (public and private) and the efficient management of liquidity, profitability and risk of economic subjects with the aim of achieving a systematic effect in the trajectory of long-term technological and economic growth. The paper defines a group of financial innovation, which will ensure the creation of science-intensive technologies, particularly for exports, and will promote transition of Russia to a new technological structure. It includes a budget financing of science as an independent branch of economy, i.e. in a single technological chain of research and development fundamental and applied science; diversification of financial innovation in the market environment (domestic and global market) in accordance with the structure of technological priorities; individualization and personalization of financial services; filling of the financial sector with development institutes with participation of the state; development of state and private partnership with financing of nanotech industry and commercialization of researches ' outcomes; significant activation of the state financial policy's role.