Legislation in innovation field of Russian Federation

The article examines the features and issues of legislation in the field of innovation of the Russian Federation. Innovative development from the point of view of scientists in the field of economy is analysed. The definition of term “innovation” is examined. Importance of legal adjusting of innovative relationship is considered. The necessities for improvement of state authorities system, optimization of their power are proposed. Current situation of legislative activity in the field of innovation and intellectual property in the Russian Federation is given. It has been established that creative activity is developed mostly with the help of investment of private person, in spite of the fact that some time ago the main investor was the state. Nevertheless the authors of inventions are the least economic motivated. The example of innovation development in Belgorod region is given. The method of inventor motivation by making him rights holder as well as Employer Company is analysed. Legislation in effect in the field of intellectual property of the Russian Federation is examined (Civil Code of the Russian Federation, the Criminal Code of the Russian Federation, Administrative Violations Code of the Russian Federation, Federal Law “Concerning the Development of Small and Medium-Sized Business in the Russian Federation”, etc.). The relationship of intellectual property and intellectual activity is analysed. The necessity for improvement of education by including disciplines in the field of innovation and intellectual property in the program list for Bachelor and Master of Science is observed. The example of legislation activity in the field of investment in Belgorod region (the Belgorod region Law “On innovative activity and innovative policy on the territory of the Belgorod region”, the Belgorod region Law “ On the science and scientific and technical policy in the Belgorod region”, the Belgorod region Law “On Tax on the Assets of Organisations”, etc.) is given. Connection between region and state innovative development by development of legislative activity in the field of intellectual property, innovation, investment is analysed. The necessity for bringing to conformity of existing legislation at the regional and state levels is established.