Connection of innovation activity effectiveness and technological novelty of innovation output

The paper studies the relationship between the innovation performance of Russian industrial enterprises and the degree of technological novelty of their innovative products. For this purpose, the innovation function is introduced. That function reflects the dependence of the “output” of the innovation process on its factors measured by the costs of process and product innovations. Hypotheses about the properties of this function are discussed. The relationship between the two types of innovation costs is considered. As an indicator of technological efficiency the ratio of the value of innovative products to the innovative resource costs is used. The dependence of the performance indicator on innovation costs is investigated. The points of local maxima (local technological optimum) of the performance indicator for the size classes of Russian industrial enterprises are found. It is shown that there is a relationship between the effectiveness of innovative activity and the degree of technological novelty of innovative products. As an indicator of the degree of technological novelty the share of the innovative products new to the market in all innovative products is used. It was established that there is a change in the trend of innovative production from the production of radical to incremental innovative products when approaching the technological optimum.