History of Science and Engineering Annotation << Back Innovation as a Real Transformation to Market Economy A.Yu. Smetanov Author surveys problems that Russia faces during transformation of its Raw Material Economy to innovative Market Economy. Author lists intangible assets and ways to develop them, gives strict definition to innovation phenomenon and their differentiation in origin and evolution. Article reviews innovation strategies of different countries, defines the key substance of innovative project and intellectual capital. Author gives general characteristics of Russian economic system. Key words: innovation, process of innovation, strategy of innovation, intellectual property, intellectual capital, intangible assets, economic system. Pp. 98-103