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Stimulation of entrepreneurs' innovative activity: evidence from Kazakhstan

Author

Listed:
  • Sagyngali Seitzhanov

    (L. N. Gumilyov Eurasian National University, Kazakhstan)

  • Nurlan Kurmanov

    (L. N. Gumilyov Eurasian National University, Kazakhstan)

  • Mariana Petrova

    (St. Cyril and St. Methodius University of Veliko Turnovo, Bulgaria)

  • Ulukbek Aliyev

    (Executive Office of the President of the Republic of Kazakhstan, Kazakhstan)

  • Nazgul Aidargaliyeva

    (Kazakh Humanitarian Law Innovative University, Kazakhstan)

Abstract

In recent years, Kazakhstan’s innovation policy has enjoyed a noticeable rally: ways to support innovation are being actively discussed, a suitable “toolbox” is developing, the susceptibility of decision-makers to the mechanisms for encouraging innovation is increasing. Nevertheless, effective levers of influence on business, in which innovation activity could manifest locally, have not been found yet. Although this does not change the overall economic situation. Following on from the results of a survey of various level business managers and factor analysis performed prior, the authors study the influence of incentive mechanisms on entity activities and their “inquiry” on the public policy content. The authors come to the conclusion that most of the tools to stimulate innovation entrepreneurship in Kazakhstan are currently aimed at successful market players, creating conditions for technological modernization of existing industries, and at improving the level of entrepreneurs’ business and technological competencies. According to a study conducted in Kazakhstan, it is necessary to increase the participation of universities, research institutes, local executive and legislative authorities in the development of management mechanisms and the promotion of innovation entrepreneurship.

Suggested Citation

  • Sagyngali Seitzhanov & Nurlan Kurmanov & Mariana Petrova & Ulukbek Aliyev & Nazgul Aidargaliyeva, 2020. "Stimulation of entrepreneurs' innovative activity: evidence from Kazakhstan," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(4), pages 2615-2629, June.
    • Handle: RePEc:ssi:jouesi:v:7:y:2020:i:4:p:2615-2629
    DOI: 10.9770/jesi.2020.7.4(4)
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    References listed on IDEAS

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    1. Francesco Vigliarolo, 2020. "Economic phenomenology: fundamentals, principles and definition," Post-Print hal-02569319, HAL.
    2. Aneta Pachura, 2015. "Innovativeness Of An Enterprise In The Context Of Technology Globalisation," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 12(1), pages 143-153, DEcember.
    3. Zhanna Tsaurkubule & Zhaxat Kenzhin & Dana Bekniyazova & Gulmira Bayandina & Gulsara Dyussembekova, 2020. "Assessment of competitiveness of regions of the Republic of Kazakhstan," Post-Print hal-02569361, HAL.
    4. Zhanna Tsaurkubule & Zhaxat Kenzhin & Dana Bekniyazova & Gulmira Bayandina & Gulsara Dyussembekova, 2020. "Assessment of competitiveness of regions of the Republic of Kazakhstan," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 2(1), pages 469-479, March.
    5. Francesco Vigliarolo, 2020. "Economic phenomenology: fundamentals, principles and definition," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 2(1), pages 418-429, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    innovation management; entrepreneurship; innovation activity; research and development; stimulation; Kazakhstan;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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