FINANCIAL MODEL OF INNOVATION POLICY IN THE REGION
The outstanding prerogative of the state is the legal regulation of innovative processes. That is why regional financial policy, concentrating not only on intensification of production in a region, should link measures, conducted within the framework of public scientific and technical policy with measures, conducted within the framework of general social -economic policy of the state. Financing of NIOKR and innovative projects by means of budgetary resources is one of the leading instruments of the state within the system of direct government control.