Analysis of Institutions and the Factors of Development of Regional Innovation Potential on the Example of the Republic of Tatarstan

The subject under study is organizational, economic and administrative relationship arising during the development of regional innovation potential (RIP). The goal of this study is to elicit intra-regional and external social and economic factors,with regard to the region's economy, the factors having impact on the development, as well as the utilization of regional innovation potential through assessment of transparency impact of functioning of social and economic structures of the Volga Federal District regions on one of the most significant indicators of fulfilment of regional innovation potential, the share of innovation products in the total output volume, shipped by enterprises and businesses of the region. Major economic institutions having impact on the development and implementation of regional innovation potential were also analyzed. The characteristics of the factors and the institutions, that we have identified, have been demonstrated on the example of the Republic of Tatarstan.