ABSTRACT
This chapter deals with theoretical substantiation for reforming main socioeconomic institutions for stepping up of innovation activity. The variants of further development of the economy taking into account the impact of the current foreign economic conditions and sanction on the creation and development of regional innovation subsystems are described. Regional eco-socioeconomic system includes the following main subsystems: economic, environmental, social, and innovational, including the economic growth dynamics, living standards, quality of life, environmental conditions, and level of the innovation potential and innovation activity. Innovation subsystems of Russian regions do not possess a typical structure. Some papers by native researchers deal with potential structural elements of regional innovation subsystems. Factors of macro- and meso-level determine the success of the implementation of innovative projects. The main task of the state and regional authorities is creation of advantageous economic conditions for inflow of investments into the innovation sphere.
