Market Mechanisms of the Strategy of Innovative Development of the Russian Aviation Industry: Problems and Indicators of the Economy of Intellectual Property

Abstract

Relevance. The article is based on the report of the author at the specialized session “Intellectual Property and competitiveness of enterprises in attracting investment and production diversification: key performance indicators (industry and corporate level)” within the framework of the XII International Forum “Innovative Development through the Intellectual Property Market”, which was held in Moscow on 30.10.2020. Despite approved strategy documents in place for development of Russian aviation industry and governmental programs being implemented, the Russian intellectual property market formation has not been considered among top tier priorities. Methodology: the study analyzes the global aviation industry trends and the outcomes of governmental programs on development of Russian aviation industry. Results. Based on the analysis of the global trends in innovation activity of aerospace industry leaders and the status of development initiatives in the Russian aviation industry and specifically the United Aircraft Corporation, conclusions are made with regard to the quality of institutional environment for support of innovations, with a rationale for facilitation of efforts by industry enterprises in their identifying, protecting and commercializing the intellectual property. Discussion. The study addresses a major issue of how, in the situation of a dominant share of public investments in the aviation industry, to facilitate and promote a proper level of activity in commercialization of intellectual property results by state-owned/sponsored enterprises, and ensure a sustainable level of support for private sector enterprises in the creation of advanced technology products.