Comparative analysis of acting regulatory legal acts has made it possible to highlight the problems, mechanisms, and tools of innovation policy used at the regional administrative level. Based on this analysis, the most complete list of managerial tasks at the subfederal level has been formulated. It includes improvement in legislation, the creation of state orders, and the introduction of technical regulations and quality standards. Comparison of this list with the space in which innovation policy is implemented at various stages of the innovation cycle has made it possible to reveal bottlenecks and missed opportunities in stimulating demand for innovation at the regional level. There are no current information bases on producible innovative products, and there are no fixed requirements on applying innovative products with the best characteristics of energy efficiency, ecological safety, etc., under the aegis of state orders, private sector-state partnership, and the implementation of state programs. The developed systematic approach to revealing bottlenecks in regional policy that hinder demand for innovative products was tested on a case study of Novosibirsk oblast. As a result, proposals were formulated to correct the formulation of managerial tasks and improve the mechanisms and tools for implementing regional policy targeted at stimulating demand for innovation.