Incentives and barriers for commercialization of technological developments in Russia (empirical study)

The research is dedicated to empirical analysis of incentives and barriers for the process of commercialization of technological developments and is based on survey of Russian technology-based companies. The differences between approaches to commercialization were investigated based on the parameter of size of a company. It was revealed that key problems for Russian technology-based companies are lack of qualified personnel, non-readiness for IPO and lack of knowledge about this instrument of commercialization, small amount of basic innovation expensive debt financing. Hypothesizes confirmed that business tend to develop basic innovations mostly in time of depression and that at the stage of maturity and decline presence of routines prevent companies from implementation of innovations. Experience of Russian companies in implementation of the Triple helix concept was analyzed based on survey data. It was confirmed that realization of the Triple helix concept by big technologybased companies in Russia stimulates implementation of basic innovations

Keywords: technology-based company, empirical study, commercialization, innovation policy, Triple Helix, IPO

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