Development of technology entrepreneurship in a transition economy: an example of the Russian region with high scientific potential
The transition to a market economy in Russia not only was accompanied by general economy crisis, but also provided wide opportunities for entrepreneurship, including technology sphere. But still, there is a void on peculiarities of technology entrepreneurship development in Russia. That is why the aim of this paper is to consider in dynamics some features of technology enterprises development in the changing context on the example of region that has favorable conditions for technology entrepreneurship. Due to exploratory character of the research, main results are based on 10 case-studies of technology enterprises established in 1990s and 2000s in the region. As a result of the study, some typical features for technology entrepreneurship in the region were found: the most important resources are people and intellectual property; inviolable principle is to minimize external financing; company development strategy is niche and based, focusing on core competencies and outsourcing non-core activities.