Transformation of Institutional Support for Innovative Entrepreneurship in the Context of Economic Digitalization

Abstract

The presented study examines the institutions engaged in the innovation process in Russia: their typification, distinctive features, and history of creation.

Aim. The study aims to provide recommendations on the transformation of institutional support for innovative entrepreneurship in the context of economic digitalization.

Tasks. The authors determine the sequence of actions for the transformation of institutional support for innovative entrepreneurship in the Russian Federation in the context of economic digitalization.

Methods. This study uses general scientific methods of cognition to examine institutions engaged in the innovation process in Russia in various aspects, identify trends, and determine major directions.

Results. The new factors of social development – globalization and digitalization – have a significant impact on the economy. This calls for an increase in the requirements to the efficiency of the activity of public and semipublic structures involved in the innovation process. The ultimate goal of such activities is to reduce the time of implementation of scientific developments, to facilitate the commercialization of innovations and the financial interest of innovators in their work.

Conclusions. It is necessary to create a single web portal for innovation support that would provide exhaustive information about all support institutions and government programs. It is also necessary to streamline the bureaucratic processes relating to government support. The system for the assessment of the performance of innovation support institutions is currently underdeveloped or inefficient. This calls for unified quantitative and qualitative performance indicators for these institutions.