Innovation financing as a condition the formation of a new model Russian economic development
The article deals with the main sources of financial support of innovation, depending on the phase of the innovation cycle. The analysis of dynamics and structure of sources of financing of innovations in Russia in the period 2000-2017. Special attention is paid to budget financing of research and development, development of venture investment. The author also formulated proposals for the development of innovation financing instruments in order to transfer the Russian economy to the innovative path of development.