Public policy of support for small business innovation in the U.S.: lessons for Russia

The article analyzes the characteristics of the program of Assistance to Small Business Innovation Research (SBIR) in the United States. This program is aimed at support and subsequent commercialization of high technology developed by small firms. The government agencies involved in the implementati...

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Autores principales:	E. A. Zinovieva, A. Balyshev
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2014
Materias:	innovative business small business science and technology policy innovation development International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/d8683a06ca53443db50f8f676a05713a
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spelling	oai:doaj.org-article:d8683a06ca53443db50f8f676a05713a2021-11-23T14:50:56ZPublic policy of support for small business innovation in the U.S.: lessons for Russia2071-81602541-909910.24833/2071-8160-2014-1-34-164-171https://doaj.org/article/d8683a06ca53443db50f8f676a05713a2014-02-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/24https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099The article analyzes the characteristics of the program of Assistance to Small Business Innovation Research (SBIR) in the United States. This program is aimed at support and subsequent commercialization of high technology developed by small firms. The government agencies involved in the implementation of the program determine the research areas manage the allocated funds themselves. The program has been in operation for over 30 years and has proven to be effective. It provides business with funds necessary at the primary, the most risky phase of production of innovative goods and services, and also gives signals to the market about popular areas of innovation development. Participation in the program is a guarantee of a high level for innovative product or service produced by the firm and allows companies to raise additional funds. Conclusions drawn from the analysis of the SBIR may be useful for the policy support of science and technology in Russia. The implementation of programs similar to SBIR in Russia will solve the actual problem of innovation development, to reduce information asymmetry in the market of innovative products and services and help in attracting venture capital in high-technology projects.E. A. ZinovievaA. BalyshevMGIMO University Pressarticleinnovative businesssmall businessscience and technology policyinnovation developmentInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 1(34), Pp 164-171 (2014)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	innovative business small business science and technology policy innovation development International relations JZ2-6530
spellingShingle	innovative business small business science and technology policy innovation development International relations JZ2-6530 E. A. Zinovieva A. Balyshev Public policy of support for small business innovation in the U.S.: lessons for Russia
description	The article analyzes the characteristics of the program of Assistance to Small Business Innovation Research (SBIR) in the United States. This program is aimed at support and subsequent commercialization of high technology developed by small firms. The government agencies involved in the implementation of the program determine the research areas manage the allocated funds themselves. The program has been in operation for over 30 years and has proven to be effective. It provides business with funds necessary at the primary, the most risky phase of production of innovative goods and services, and also gives signals to the market about popular areas of innovation development. Participation in the program is a guarantee of a high level for innovative product or service produced by the firm and allows companies to raise additional funds. Conclusions drawn from the analysis of the SBIR may be useful for the policy support of science and technology in Russia. The implementation of programs similar to SBIR in Russia will solve the actual problem of innovation development, to reduce information asymmetry in the market of innovative products and services and help in attracting venture capital in high-technology projects.
format	article
author	E. A. Zinovieva A. Balyshev
author_facet	E. A. Zinovieva A. Balyshev
author_sort	E. A. Zinovieva
title	Public policy of support for small business innovation in the U.S.: lessons for Russia
title_short	Public policy of support for small business innovation in the U.S.: lessons for Russia
title_full	Public policy of support for small business innovation in the U.S.: lessons for Russia
title_fullStr	Public policy of support for small business innovation in the U.S.: lessons for Russia
title_full_unstemmed	Public policy of support for small business innovation in the U.S.: lessons for Russia
title_sort	public policy of support for small business innovation in the u.s.: lessons for russia
publisher	MGIMO University Press
publishDate	2014
url	https://doaj.org/article/d8683a06ca53443db50f8f676a05713a
work_keys_str_mv	AT eazinovieva publicpolicyofsupportforsmallbusinessinnovationintheuslessonsforrussia AT abalyshev publicpolicyofsupportforsmallbusinessinnovationintheuslessonsforrussia
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Public policy of support for small business innovation in the U.S.: lessons for Russia

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