The legislative and regulatory base of the innovation sphere - federal and regional component

The paper considers the structure of the strategy of innovative development of Russia, its competitive advantages in this area. It describes the main constraints in the development of innovation and aspects of the regulatory framework of its relations between the subjects. The regulatory acts of the legal framework for the innovation activities of enterprises are described. The legislative base defining relations in the innovation sphere is grouped. The main objectives of the government in the development of innovative legislation.