IMPROVEMENT OF REGIONAL POLICY IN THE SPHERE OF DEvELOPMENT OF INNOvATIvE PROCESSES OF THE NORTHERN BORDER REGION (ON THE EXAMPLE OF THE REPUBLIC OF KARELIA)
Components of the regional innovative system science, industry, higher education, and innovative infrastructure are characterised. Current situation in this sphere is analyzed, ongoing processes are described. The potential for further development of the regional innovative system through organizational improvement and management of the process of commercialization of scientific developments is outlined.