Development of innovative small-scale enterprises in conditions of institutional transformations of the region''s economy

The purpose of this article is to consider the key directions and prerequisites for the development of innovative small enterprises in the conditions of institutional transformations of the regional economy, since this sector of the economy is the catalyst for sustainable economic development and anti-crisis support of the Russian economy. The main goal of the article is to analyze the state of small and medium-sized business in the Russian Federation, determine its competitive advantages in the constantly changing economic conditions, factors and trends in the formation and innovative development of small enterprises. The article considers a complex of state measures to support this sector of the economy, and directions for the formation of an entrepreneurial ecosystem are determined. Also analyzed are the mechanisms of public-private partnership and clustering, the need to implement private cluster initiatives. A set of measures was developed to develop the cluster initiative and enhance the innovative development of the region. All these measures will allow small and medium-sized enterprises to introduce innovations and preserve the innovative activity of large business structures.