Strategies of the Development of Entrepreneurship and SME
Strategies of the Development of Entrepreneurship and SME
Strategies of the Development of Entrepreneurship and SME
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Technological:Internetaccessibility,high-techdevelopments,knowledge <strong>and</strong>informationtransferinfrastructure,time <strong>of</strong>technologyinnovationimplementations,<strong>the</strong> state support<strong>of</strong> <strong>the</strong> idea <strong>of</strong>businessincubators,willingness <strong>of</strong><strong>the</strong> banking <strong>and</strong>insuranceindustries tocoop with <strong>SME</strong>sectorindustries• Still low level <strong>of</strong> <strong>SME</strong>cooperation with partnersfrom o<strong>the</strong>r countries• Not favourable taxationsystem for <strong>SME</strong> sector fastgrowth• Internet access - stillnot close to <strong>the</strong> developednations• Financing opportunitiesfor <strong>SME</strong> innovativetechnology projects aremuch lower than <strong>the</strong>dem<strong>and</strong>• Limited options forlong-term financingGlobal • Sharp internationalcompetition in <strong>the</strong> area <strong>of</strong><strong>SME</strong> products• Centralization trend in<strong>the</strong> economy in generalincreasing <strong>the</strong> bureaucracy<strong>and</strong> limiting fur<strong>the</strong>ropportunities forinternational cooperationon a company levelOlympic Games activities• More attention is paidto <strong>SME</strong> sector byeconomic policy makers• Investment climate isgetting more favourablefor investing in <strong>SME</strong>sector• Growing potentialdem<strong>and</strong> for <strong>SME</strong>products <strong>and</strong> services• <strong>SME</strong> are undertakingattempts tointernationalization• Internet accessibilityin <strong>the</strong> large cities isgrowing fast• Slightly growingdomestic customerdem<strong>and</strong> for high tech<strong>SME</strong> products• Fast development <strong>of</strong>communicationtechnologies• Financial support <strong>of</strong>“business incubators”,<strong>and</strong> “technologicalparks”• Traditions <strong>and</strong> existingfrom <strong>the</strong> Soviet timesinfrastructure• Venture capitalists arecoming to Russia• Large companies areinterested in financinghigh tech <strong>SME</strong> projects• Slight positive change<strong>of</strong> <strong>the</strong> banking <strong>and</strong>insurance companies’attitudes to <strong>SME</strong>innovative projects• Committees oninnovations establishedin many regionsreporting to Presidents<strong>and</strong> Gubernators• Implementation <strong>of</strong>WTO principles• Internationalintegration, <strong>and</strong>knowledge transfer• State <strong>and</strong> privatecapital support for R&Dactivities in <strong>SME</strong> sector• Improving <strong>the</strong>information network for<strong>SME</strong> needs• Sponsoring <strong>of</strong> ITtraining for <strong>SME</strong>• Develop a specialbody (maybe under <strong>the</strong>umbrella <strong>of</strong> RussianChamber <strong>of</strong> Commerce)helping <strong>the</strong> high tech<strong>SME</strong> products to sellabroad• Knowledge transferprograms; seminars;roundtables78
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