Problems of Innovation and Technological Development of Mining Enterprises of the Arctic Zone of the Russian Federation

Abstract

Abstract It is shown that when implementing Industry 4.0 technological concept development in the Russian economy and changing the structure of industrial production it is necessary to increase the efficiency of the Arctic mining enterprises what determines the need for their technological modernization. The analysis of activities of thirty-two mining enterprises operating in the Arctic zone of the Russian Federation by implementation of innovation projects was carried out and it is shown that only a third of enterprises in 2013-2019 introduced technological innovations. To stimulate an innovation activity of enterprises it is proposed to include the possibility of “quasi-self-financing” of industrial production into the system of public-private partnership. To assess the economic feasibility of technological modernization of enterprises and accordingly to develop a strategy for innovation development it is proposed to use the developed methodology of investment and innovation analysis as a new direction of economic analysis of production systems.