Modern problems of economic efficiency evaluation of innovative projects

Now questions of management and an assessment of innovative projects become objects of close attention both at the level of state the authorities, and at the level of separate branches and the enterprises. As a result, the responsibility of experts of all levels in adoption of competent administrative decisions is increased today at an assessment of efficiency, a financial solvency and an assessment of risks of innovative projects. Despite considerable number of scientific development by techniques the estimates much of them are devoted only to the description of theoretical aspects of innovative activity and an assessment of efficiency investment, instead of innovative projects. In the existing methodical provisions applied to an assessment of efficiency of innovative projects, the attention is focused on the description of methods of an assessment of the efficiency, accepted for investment projects. In them there are no the specific techniques, capable to estimate various risks and uncertainty, feature of financing, probabilistic characteristics of basic data of innovative projects. Unlike already known and widely applied to an assessment of efficiency of investment projects of techniques, techniques of an assessment of economic efficiency of innovative projects, according to authors, have to consider specific risks and the uncertainty, caused by technical and market novelty of innovations. Besides, options of financing of innovative projects differ from investment owing to specifics of venture risk. On the basis of the marked-out features of innovative projects the new theoretical and methodical development, new approaches to an assessment of efficiency of innovative projects taking into account existing methods and characteristics are necessary. Novelty of this publication is systematization of differences of innovative projects from investment, allowing authors to formulate in the conclusion of the direction of improvement of existing techniques of an assessment.