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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.

Suggested Citation

  • Gutierrez, Juan Julio & Correa, Paulo, 2012. "Commercialization of publicly funded research and development (R&D) in Russia : scaling up the emergence of spinoff companies," Policy Research Working Paper Series 6263, The World Bank.
  • Handle: RePEc:wbk:wbrwps:6263
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    References listed on IDEAS

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    1. Russell Thomson & Paul H. Jensen, 2010. "The Effects of Public Subsidies on R&D Employment: Evidence from OECD Countries," Melbourne Institute Working Paper Series wp2010n11, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    2. 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.
    3. Tseveen Gantumur & Andreas Stephan, 2010. "Do External Technology Acquisitions Matter for Innovative Efficiency and Productivity?," Discussion Papers of DIW Berlin 1035, DIW Berlin, German Institute for Economic Research.
    4. Phan, Phillip H. & Siegel, Donald S., 2006. "The Effectiveness of University Technology Transfer," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 2(2), pages 77-144, November.
    5. 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.
    6. World Bank, 2010. "Innovation Policy : A Guide for Developing Countries," World Bank Publications - Books, The World Bank Group, number 2460.
    7. 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.
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    Cited by:

    1. Ichiro Iwasaki & Keiko Suganuma, 2015. "Foreign direct investment and regional economic development in Russia: an econometric assessment," Economic Change and Restructuring, Springer, vol. 48(3), pages 209-255, November.
    2. Shah Muhammad Kamran & Mahvish Kanwal Khaskhely & Abdelmohsen A. Nassani & Mohamed Haffar & Muhammad Moinuddin Qazi Abro, 2022. "Social Entrepreneurship Opportunities via Distant Socialization and Social Value Creation," Sustainability, MDPI, vol. 14(6), pages 1-25, March.

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    Keywords

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