Implementation of Innovation Development Models in Agrarian Sphere of Economy at the North Caucasian Federal District, Russia

The present paper aims to analyse the problems of the innovation development component in the agricultural economy of the North Caucasian Federal District of the Russian Federation in terms of the operational settings of agroeconomic systems, facilities of economic entities, organisational and economic mechanisms, managerial function and prioritisation of innovation directions. The current aspects of innovation-driven development of the regional agroindustrial complex are discussed. Priorities of innovation development in agriculture and related industries of the agroindustrial complex of the North Caucasian Federal District are proposed, based on the technological reequipment of agroindustrial enterprises, instituting the innovation-driven mechanism of agroindustrial operations, building up the information, people and financial support of the innovation development system of the agroindustrial complex, ensuring proper economic conditions for implementing innovation programmes and projects, state financing of innovation activities, broad attraction of investment and improving solvency. The practical implementation of innovations should rely on a built system of regional innovation-driven development, clear and structured iterations in adopting all groups of innovations in agroindustrial sectors based on centralised vertical alignment between all branches of government and horizontal cross-departmental cooperation. A crucial regulatory role in this process should be played by government structures across economic and education sectors closely tied with agroindustrial production. Effective implementation of innovation policies will depend on ensuring proper economic conditions for putting forward innovation programmes and projects, on the availability of state funding to support innovation activities, attracting investment in the innovation sphere, advancing entrepreneurship and commercialisation of innovation projects. The identification of factors inhibiting the adoption of innovation in the agroeconomy of the North Caucasian Federal District and current trends in innovation activities of enterprises and operations suggests a conclusion concerning the need for a systemic approach to innovation in the region taking into account national interests and makes the basis for further proposals of scientifically-based directions of economic transformations and coordination of efforts between all government structures engaged in this process and responsible for solving these tasks. The findinmgs of this paper can be used by the control bodies of the regional agroindustrial complex, by the students of agricultural colleges and other public and private entities of the North Caucasian Federal District for better economic transformations and coordination.