Fostering the Engagement of Corporate Establishments in the Innovation-Driven Development of Russia’s Regions
Fostering the Engagement of Corporate Establishments in the Innovation-Driven Development of Russia’s Regions

Summary/Abstract: This paper addresses the need for the innovation-driven development of the Russian economy in reliance on large business and regional innovation-driven development. The authors provide a rationale or the need to develop the national and regional innovation systems and bring to light their strengths and weaknesses based on assessments by experts from around the world; conduct an analysis of innovation activity within the corporate sector, provide a description of the architectonics of innovation activity by corporate establishments amid the impact of global challenges, and stress the need to develop the nation’s open innovation model and put together a wide field of communications encompassing small and medium-sized enterprises within the area of presence; conceptualize a cluster approach to boosting regional innovation activity and its feasibility in Russian reality; provide a characterization of the key preconditions for the formation of innovation clusters, their structure, objectives, and principles of operation; conduct a comparative analysis of the major types of clusters as production agglomerations and as network ecosystems and stress the promise of the innovation mechanism of clusters’ operation based on the Triple Helix model; provide a description of the top priorities for Russia’s cluster policy and touch upon its transformation amid the current complicated geopolitical situation and sanction restrictions; come to the conclusion about the inevitability of Russia becoming one of the world’s top innovatively developed economic powerhouses and propose a set of activities aligned with the ideology of the upward-trending development scenario that are aimed at creating the optimum conditions for the engagement of all economic agents in innovation activity and filling the economy with innovation related content.

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