The paper aims at investigation the most significant components of firm’s innovation capabilities. Having identified four major components of innovation capabilities (financial, HR, information, and technological) and developed measurement scales for each of them, the authors apply fuzzy set qualitative comparative analysis to the study of 75 Russian industrial firms. Information component is found to be a necessary condition for successful innovative performance while technological and HR components are separately sufficient conditions which form two generic configurations of innovation capabilities. Financial component is found to be the least relevant for innovative performance.