The paper begins with a review of the well known Novikovs equations and corresponding finite KdV hierarchies. For a positive integer $N$ we give an explicit description of the $N$-th Novikovs equation and its first integrals. Its finite KdV hierarchy
consists of $N$ compatible integrable polynomial dynamical systems in $mathbb{C}^{2N}$. Then we discuss a non-commutative version of the $N$-th Novikovs equation defined on a finitely generated free associative algebra $mathfrak{B}_N$ with $2N$ generators. In $mathfrak{B}_N$, for $N=1,2,3,4$, we have found two-sided homogeneous ideals $mathfrak{Q}_Nsubsetmathfrak{B}_N$ (quantisation ideals) which are invariant with respect to the $N$-th Novikovs equation and such that the quotient algebra $mathfrak{C}_N = mathfrak{B}_Ndiagup mathfrak{Q}_N$ has a well defined Poincare-Birkhoff-Witt basis. It enables us to define the quantum $N$-th Novikovs equation on the $mathfrak{C}_N$. We have shown that the quantum $N$-th Novikovs equation and its finite hierarchy can be written in the standard Heisenberg form.
