Innovative process, generalises results of innovative activity, and contains four basic stages, united in a cycle «researches - workings out - manufacture». For potential investors financing of research works is connected with presence of economic risk. It is caused by high probability of reception of negative results. The property of risk, alternativeness, assumes necessity of a choice from two or several possible variants of the decisions, directions, and actions. The absence of an opportunity of a choice testifies to absence of risk: there, where there is no choice, there is no also risk. In modern enterprise activity the special value gets innovation risk, which is connected to financing and application of scientific and technical innovations. The receptions of management of risk consist of means of the sanction is brave also of receptions of reduction of a degree of risk.