Optimal management of innovation within the framework of the integrated structure

The paper considers the problem of optimum management of innovation implementation process at the specified time interval within vertically integrated financial and industrial organization. Using a mathematical model of interaction between financial and industrial capital, the possibility of enhancing the effectiveness of innovation based on optimizing the structure of investment dynamics in venture capital is investigated. It is noted that at the same time the manufacturer's investment process is optimized to increase economic efficiency by reducing costs both at the stage of innovation commercialization and production of innovative products.