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Commercialization of publicly funded research and development (R&D) in Russia : scaling up the emergence of spinoff companies

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  • Gutierrez, Juan Julio
  • Correa, Paulo

Abstract

This paper explores fundamental issues affecting technology commercialization of publicly funded research and development (R&D) in the Russian Federation. Despite substantial R&D investments, Russia has experienced a decline in scientific output and employment. Nevertheless, the innovation system remains strong in several technological fields. This paper develops an analytical framework to discuss conditions for technology commercialization, which hinge on the innovation system research base, governance of research institutions, alignment between specialization and sector prioritization, availability and performance of scientists and engineers, intellectual property (IP) regime for publicly funded discoveries, and early stage finance. The paper identifies areas for policy and regulatory improvement to incentivize research institutes and scientists to undertake research with market potential. These include: stronger results-based management that rewards commercialization efforts and focuses not only on high-technology sectors, but also on sectors where Russia has technological comparative advantages. In addition, researchers'career development could consider performance metrics that include entrepreneurial achievements, as well as support for young scientists and for international collaboration. Moreover, the IP regime for federally funded R&D may consider transferring full ownership of research discoveries to research organizations. Finally, to increase deal-flow of new ventures, enhancing the supply of early-stage financing for new technologies may be considered.

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Bibliographic Info

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 6263.

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Date of creation: 01 Nov 2012
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Handle: RePEc:wbk:wbrwps:6263

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Keywords: Tertiary Education; E-Business; ICT Policy and Strategies; Scientific Research&Science Parks; Science Education;

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  1. Aldridge, T. Taylor & Audretsch, David, 2011. "The Bayh-Dole Act and scientist entrepreneurship," Research Policy, Elsevier, vol. 40(8), pages 1058-1067, October.
  2. Phillip H. Phan & Donald S. Siegel, 2006. "The Effectiveness of University Technology Transfer: Lessons Learned from Qualitative and Quantitative Research in the U.S. and U.K," Rensselaer Working Papers in Economics 0609, Rensselaer Polytechnic Institute, Department of Economics.
  3. Yegorov, Igor, 2009. "Post-Soviet science: Difficulties in the transformation of the R&D systems in Russia and Ukraine," Research Policy, Elsevier, vol. 38(4), pages 600-609, May.
  4. David B. Audretsch & Taylor Aldridge & Alexander Oettl, 2006. "The Knowledge Filter and Economic Growth: The Role of Scientist Entrepreneurship," Papers on Entrepreneurship, Growth and Public Policy 2006-11, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
  5. Markman, Gideon D. & Phan, Phillip H. & Balkin, David B. & Gianiodis, Peter T., 2005. "Entrepreneurship and university-based technology transfer," Journal of Business Venturing, Elsevier, vol. 20(2), pages 241-263, March.
  6. World Bank, 2010. "Innovation Policy : A Guide for Developing Countries," World Bank Publications, The World Bank, number 2460, October.
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