INSTITUTIONAL MECHANISM OF INNOVATION INCENTIVES IN PUBLIC PROCUREMENT SYSTEM IN RUSSIA

The article deals with the theoretical aspects of the institutional mechanism of interaction between government and other entities concerning innovation. The institutional mechanism of formation of innovation within the institute of public procurement in Russia is described. Institute of public procurement is designed to select companies that are able to form a new concept of innovation. The authors suggest the tools that should be used in the formation of innovation by economic entities with support of the state.