Specifics of evolution technological entrepreneurship in developing and transition countries

Technological entrepreneurship plays a major role in the national innovation system, but scientific ideas about it are formed mainly on the materials of countries with mature market economies. The aim of the work is to identify the features and main features of the development of technological entrepreneurship in countries with developing and transitional economies (China, India, Central and Eastern Europe). It has been established that the development processes of technological entrepreneurship have always been longterm. It took 20-30 years or more from the initiation of programs and projects of scientific, technical, innovative development. Consequently, technological entrepreneurship develops in an evolutionary way and requires the presence (or emergence) of a large academic sector. Therefore, it is not enough to finance only the objects of innovation infrastructure and support of entrepreneurship. Also, the appearance of technology entrepreneurship is affected by the peculiarities of national innovative demand, under the influence of which it can differ greatly from the realities of countries with mature market economies. In many cases, technological entrepreneurship does not create a new product and market, but serves the existing, not always efficient and progressive industries and socio-economic relations. Various random factors also significantly affect it, up to weather conditions in certain cities. China is the leader among developing and transitional countries. This was determined not only by large resources, including foreign direct investment, but also by the high capacity of the domestic market, the consumer's commitment to local products, and the specific social practice of Guanxi. The third place can be assigned to India, but here technological entrepreneurship is developing in many ways one-sided, deformed due to a rather low level of socioeconomic development. The potential of many technology companies is limited by the fact that their product complements or serves a traditional business and does not create a new one. At the same time, India also has large classical innovation clusters. In the countries of Central and Eastern Europe, the nature of technological entrepreneurship was predetermined by the disparity in academic potential and resource provision. Therefore, technology firms are concentrated in virtual and digital technology entrepreneurship

Keywords: technology entrepreneurship, innovation ecosystem, commercialization, China, India, Central and Eastern Europe.


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