Improving the Infrastructure of Small Business Support

Abstract

Small business not only plays a significant part in the national economy, but also acts as an important social phenomenon, providing opportunities for self-employment and implementation of industrial policies. In many countries, small business is one of the primary sources of innovations. In Russia, however, the development of the small business is mainly focused on the trade. Therefore, the support of science-driven production and business is a crucial challenge for the national economic policy in terms of the country’s sustainable development. Aim. This study aims to analyze the development of the small business and infrastructure of its support amid global challenges, develop approaches to the formation of a system for the support of science-driven production and innovative business. Results. The existing institutes of small business support are analyzed, revealing positive and negative features of the existing infrastructure of small business development and its influence on the competitiveness of the innovative sector. Methodological approaches to the implementation of a business idea through the infrastructure of business support are proposed. The specific aspects of the support and prospects for the development of small business in the Northwest region are examined.