Institute of Regional Economy of the North, Ammosov Northeast Federal University, Yakutsk, Russia:

E. I. Efremov, Head of Department, Doctor of Economic Sciences
N. N. Konstantinov, Senior Researcher, dr.economist@yandex.ru

Generation and development of the resource-based economy in the Republic of Sakha (Yakutia), holding immense developed reserves of minerals, fuel-and-energy resources, in particular, oil, natural gas, coking and power-generating coal, gold, diamonds, iron ore, etc, requires taking cardinal steps toward efficient build-up in capacity of basic industries engaged in subsoil use. In such circumstances, the decisive role belongs to implementation of program projects aimed at introduction of R&D results in industry and execution of new highly efficient transformations in management and economics. Such innovation activity in basic branches of mining industry requires developed economical appraisal procedures adaptable to regional conditions and specificity. In this regards, this article considers main approaches to revealing the essence of the industrial innovation. Based on the analyses of innovation activities in the branches of the regional mining industry, the existing interests in the economy and technology innovations at the regional and sectorial levels are discovered. It is found that innovation activity of the regional mining industry remains conservative so far, the consequence of which is the weak perceptibility of mining companies to available findings in the field of science and technology as well as insufficient innovation potency. This is conditioned, among other things, by underdevelopment of industrial infrastructure in remote areas of Russia’s far north, including the north-east, which impedes introduction and development of technological and organizational innovations. Alongside with the description of the issues of innovation activity in the mining industry, the article addresses the broad-spectrum challenge of development of a procedure for economic efficiency appraisal of innovation projects in the branches of the regional mining industry. Based on the determined essentials of sectorial and regional innovation, as well as using classification structures and criteria of value, the test appraisals of economic efficiency of innovation projects were carried out. The research laid emphasis on selection of a system of comparative figures for evaluation of capability of a company to implement an innovation project and for estimation of influence of each factor on the final performance of a company as against other factors. With this end in view, the article gives criteria and a procedure to evaluate such economic indicators as commercial effectiveness, budget efficiency, net present value, etc.
The study has been supported by the Ministry of Education and Science of the Russian Federation, in the framework of the basic part of the Government Assignment for R&D under the topic of Scientific Evaluation of Basic Industrial Scenarios for the Russian North-East, Project No. 10201460078.

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