Evaluation of the effectiveness of investment in innovation in industry

In modern business conditions, the successful development of enterprises is impossible without innovative activities aimed at the creation and implementation of innovations. Investing in innovation ensures the creation of a high-tech structure of the economy, the development and implementation of the latest technologies, the production and export of competitive products with high added value. The transition of the Russian economy to growth, and in the long term, a phased transition of all economic systems to an innovative type of development, technological renewal of enterprises in the manufacturing sector, and increasing their competitiveness, is impossible without significant intensification of investment activity. Making decisions on the appropriateness of an investment project should be based on methodologically sound and modern approaches to its evaluation. The use of the correct methods and criteria for assessing the effectiveness of investment in innovative products allows us to evaluate various options for the implementation of the project, take into account its risks, identify the factors that most affect the effectiveness of the project, which ultimately allows you to make the best investment decision...