Организация деятельности венчурного капитала в промышленном комплексе региона
The article discusses the new organizational form of the activity of a regional industrial complex in the form of a system and structure that provide for the interaction of innovation-active enterprises and venture investors on the market.
The paper studies the problems of venture investment development in Russia. The conclusion on the need for serious changes in the existing legislation of Russia in the sphere of venture investment is made.
Venture capital (VC) provides financial and managerial support for new innovative ideas at the initial stages of commercialization. It has helped to find the market for many radical innovations of 20th century, including personal computer, Internet and genetic engineering.
As a part of market economy venture business was not stable from the very beginning. The periods of rapid growth alternated with deep recessions. However each time VC revived anew as the Phoenix due to its very important function in modern knowledge-based economy.
This report presents an analysis of statistical data that prove the existence of several cycles in VC dynamics in the USA and the Great Britain. The main factors of these cycles formation are discussed. The author proposes two possible scenarios of development of VC market for the first 30 years of the new 21st century. A hypothesis is put forward about the relation between VC cycle's amplitude and a phase of Kondratieff's cycle.
This monograph focuses on the nature of factors and mechanisms of the innovation processes in the Regional innovation systems with catch-up type of economy. The monograph shows that the further development of cooperation of innovation entities and the development of technological entrepreneurship in the regions of Russia is impossible without a planned and systematic processes of regionalization of the innovation business ecosystem.
The monograph substantiates that the state-owned private Regional Center for Incubation and Acceleration and the multifunctional state Single Regional Investment Fund should become the basis for the development of the ecosystem of innovative entrepreneurship in the region of the country.
The monograph is intended for researchers, graduate students, students specializing in the field of innovation management, as well as managers and decision makers who are responsible for the development of regional innovation systems.
This data book presents the results of statistical surveys characterising innovation processes in the Russian economy. The indicators showing the level of development of technological and non-technological innovations, resource provision, human resources and innovation output, including the level of novelty are presented. The publication contains indicators of the intensity of cooperation ties, patent activity, factors hampering innovation and sources of innovation. The information is systematized by types of economic activity, ownership and size of enterprises. Special sections are devoted to the characteristics of innovation activity in the regions of the Russian Federation and international comparisons covering a wide range of indicators.
Chapter 6 presents an analysis of Russian innovation system accompanied by an overview of state science, technology and innovation (STI) policy practice.
The authors cover the most urgent institutional cleavages, including the split-offs of science and industry, issues of institutional model of the R&D sector, sectoral discrepancies and regional polarization.
An outline of STI policy framework evolution is presented, including the most recent Strategy for Socio-Economic Development of Russia till 2020 topics. A special regard is paid to linkage-stimulating policy instruments, including grants for joint research for Universities, R&D organisations and companies, technology platforms, regional innovation clusters program and elaboration of innovation development plans for state-owned companies.
The authors of this paper present the results of their studies of genesis of the notion «innovation» and adjacent terms in regulatory legal acts of the Russian Federation, since 1998.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.