Abstract
In the paper the authors shows that nowadays the economy of the Arctic regions is based on the increasing exploitation of natural resources. Due to the tough economic situation and distrust of Russian companies on behalf of numerous developed economies, presentation of one's own scientific achievements can contribute to improvement of the country's image. The analysis of the current situation in the innovative activity of Russia's Northern regions confirms that these regions do not have proper innovative infrastructure relevant to their needs. The paper considers main indicators that characterize innovative activity, infrastructure, science development in Russian regions of the Arctic. In addition, the authors describes factors that affect formation of the innovative activity, which either contribute to or prevent from creating the innovative cluster in these regions. There has been proposed the model of the innovative economy for the Arctic regions of the Russian Federation.
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