| Summary: | The global innovation trends involve ever new and more flexible systems for the development of industries, goods, and services. The consumer ability of society creates stable needs for new state-of-the-art goods, technologies, and products. Within this context, the need to develop innovations as a way to achieve market demands can hardly be overestimated. The article includes an overview of a number of important innovation-based factors, such as the share of domestic spending on research and development in GDP in the Russian Federation, domestic current spending on research and development in the Russian Federation, the overall level of innovative activity of industrial organizations, etc. Besides, following the study, it was found that the overall level of innovative activity of industrial organizations has a direct notable correlation dependence on domestic current spending on research and development.
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