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The main purpose of the article is to consider the possibility of improvement of the business system on the example of the Northern region on the basis of the innovative infrastructure development. The innovative direction plays an important role in solving the problem of the entrepreneurial sphere improvement. Taking into account the fact that the regional authorities were set the tasks for stimulating the accelerated development of the business sector and the creation of additional innovation infrastructure facilities, the authors of this study put forward the hypothesis that the existing innovation infrastructure in the Khanty-Mansiysk Autonomous Okrug – Yugra is characterized by high performance indicators. However, the hypothesis of the authors was not confirmed in the course of the study. The authors of the study come to the conclusion that the most important directions of the entrepreneurship development should include: support for companies that increase internal costs on research and development; encouraging the implementation of ecological innovations; increasing the number of developed advanced technologies and intellectual property in the region by creating conditions for constant comfortable living of the personnel involved in scientific research and development (researchers, technicians, supporting and other personnel). Statistical, economic and mathematical methods of economic analysis, logical method were used in the study.

THE IMPROVEMENT OF THE BUSINESS SYSTEM OF THE NORTHERN REGION OF RUSSIA ON THE BASIS OF INNOVATIVE INFRASTRUCTURE DEVELOPMENT