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Small Innovative Business Development Experience

Author

Listed:
  • A.A. Gudkova
  • G.G. Rodionova
  • T.I. Turko
  • V.F. Fedorkov

Abstract

The main aim of this article is to study and analyze the establishment of micro, small and medium-sized businesses, including innovative enterprises, in selected developed countries, their development dynamics, as well as tools ensuring government regulation for their effective functioning.The study aims to identify the impact of the operating efficiency of these businesses on the economies of developed countries, which is estimated by their share in the net gross product, as well as the legislative support for their activities. The most significant share is observed in the net gross product of small countries, such as Estonia, Greece, Malta, Latvia, and Lithuania (about 70 %). In Russia, the right to establish small innovative enterprises, whose activities consist in the practical application (implementation) of the results of intellectual activity, was granted to budget-funded scientific and educational institutions, scientific and educational institutions of the state academies of sciences.The article provides quantitative statistics of the accounting of small innovative enterprises operating in the scientific and educational sector of Russia's economy and the economic indicators of their activities, obtained based on monitoring results.

Suggested Citation

  • A.A. Gudkova & G.G. Rodionova & T.I. Turko & V.F. Fedorkov, 2018. "Small Innovative Business Development Experience," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 591-606.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:3:p:591-606
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    References listed on IDEAS

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