This paper examines innovative, including social entrepreneurship and modern opportunities for obtaining grant support for financing innovative projects, including social ones. The possibility of receiving grants from various funds is being considered. Detailed attention is paid to the stages of project development for drawing up an application for grant funding. Attention is drawn to certain nuances in the writing and processing of grant applications. We also conduct research on current conditions and factors that influence the development of innovative entrepreneurship, and compare Russian indicators with foreign ones. Detailed attention is paid to economic and innovative conditions, educational factors, measures to promote competition and tax incentives.