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Technological entrepreneurship as a development factor of Russia

Author

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  • Zemtsov, S.

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow, Russia)

Abstract

Technological entrepreneurship is a potential driver of Russia's socio-economic development. But an optimal combination of environment and business networks (entrepreneurial ecosystem) to be formed is very rare and depends on many factors. The article discusses the potential role of technology start-ups in diversification, economic and employment growth, and adaptation to technological changes. The number of start-ups in Russia had decreased since 2015, and there is a low entrepreneurial activity in comparison with other countries. In general, the change in the industry structure of startups in Russia is consistent with the global trends; the role of knowledge-intensive business services and ICT is high and growing, the share of manufacturing is declining. We revealed the determining role of socio-cultural factors, human capital and universities, business climate and access to foreign markets in the creation and success of technology companies, as well as the contradictory impact of state support. Significant and increasing role of immigrants and diaspora abroad is underestimated for Russia. We noted the inability of the widespread development of successful technology companies ("gazelles", "unicorns"); identified regional and sectoral priorities for public policy. We examined the main elements and models of national entrepreneurial ecosystems, limitations and prospects for their application in Russia.

Suggested Citation

  • Zemtsov, S., 2022. "Technological entrepreneurship as a development factor of Russia," Journal of the New Economic Association, New Economic Association, vol. 53(1), pages 212-223.
  • Handle: RePEc:nea:journl:y:2022:i:53:p:212-223
    DOI: 10.31737/2221-2264-2022-53-1-11
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    Cited by:

    1. Samovoleva, Svetlana, 2023. "Проблемы Регулирования Абсорбции Знаний В России [The Challenges of Regulating Knowledge Absorption in Russia]," MPRA Paper 119311, University Library of Munich, Germany.

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    More about this item

    Keywords

    startups; entrepreneurial ecosystem; economic growth; human capital; venture capital; unicorn companies; return migration; entrepreneurship policy;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O39 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Other
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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