Obstacles to Small Innovative Companies’ Development: Case Study of Nizhny Novgorod Region

Nadezhda Butryumova; Svetlana Karpycheva; Khristina Grisheva; Elena Kasyanova

doi:10.4067/S0718-27242015000400008

Authors

Nadezhda Butryumova Venture Management Department, National Research University Higher School of Economics
Svetlana Karpycheva Venture Management Department, National Research University Higher School of Economics
Khristina Grisheva Venture Management Department, National Research University Higher School of Economics
Elena Kasyanova National Research University Higher School of Economics

DOI:

https://doi.org/10.4067/S0718-27242015000400008

Keywords:

small innovative companies, innovation infrastructure, obstacles, case study, Nizhny Novgorod region, Russia.

Abstract

The article presents the survey results of obstacles to small innovative companies as a case study of Nizhny Novgorod region of Russia as an area with high innovative potential and great level of socio-economic indicators. Based on the semi-structural personal interviews with 19 experts - the management of support infrastructure, results shows some typical for this region impediments: bureaucracy; lack of trust, poor collaboration within the innovation system; poor information support; legislative obstacles to innovations and intellectual property protection; low interest of large companies in collaboration with small ones. The findings and recommendations can help policy-makers to meet the needs of small innovative companies, and increase the innovative activity of small firms through the improvement of the assistance programs.