The open innovations model as a way of increasing the competitiveness of the Russian economy

Nowadays, the economy of Russia is in dire need of new growth drivers that will accelerate the process of modernization. The transition from the closed innovation model to a model of open innovation will allow more efficient use of intellectual potential, will promote competition and create new present-day working positions. Implementation of the open innovation model in the Russian economy will require to pay special attention from entrepreneurs to adjust their business models adapting successful experience of using this model by multinationals and start active interaction with venture capital market, which is actively formed in Russia.

Keywords: innovations, open innovations model, closed innovations mode, modernization, competitive position, venture capital, R&D