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The article identifies the role of innovations in the economic development of a state and a region during innovative development transformation. Regional and industry differentiation by companies' innovative activity level is analysed. Priority areas of innovative activity development in pioneer businesses were identified. Conclusions are made concerning the necessity to carry out a policy aimed at encouraging innovative activities. A mechanism encouraging activity and boosting innovations in Russian economy entities was developed. The theoretical and practical merit of the research arises from the possibility to use its results to identify promising areas of national economy modernization and to provide a basis for major methods and instruments of innovative state policy design and implementation. Keywords—innovations, innovative activity, marketing innovations, organizational innovations, technological inventions, innovations' effectiveness, engineering, innovative policy.

The Innovative Activity of Russian Business in the Conditions of Macroeconomic Instability