Abstract
The transfer of the Russian Federation to the market economy had a negative impact on the industry of the Volgograd region and determined the process of deindustrialization. For the reconstruction of the industry since 2013 to present day the institutional sphere of small and medium sized entrepreneurship (SME) development within the government program “Economic development and innovative economy” is being created. The program supposed the foundation of centers for entrepreneurial support, business incubators, microfinance centers, regional guarantee funds, engineering centers, prototyping centers, centers for export support and other elements of infrastructure in the regions of the Russian Federation. The article studies the process of the creation of institutional conditions and mechanisms of entrepreneurship development in the Volgograd region, the statistical data on the governmental support of small and medium sized enterprises from the point of view of the created elements of institutional environment. Despite significant efforts on the creation of institutional sphere, the tendency which is observed today is the escape of business from the Volgograd region and transfer to more successful regions of the Russian Federation. This fact is connected first of all with a considerable reduction of incomes and the purchasing ability of population. The authors analyzed indices of the development of small and medium sized enterprises in dynamics. The conclusion about negative trends in this sphere is made. The innovative development of a region is a driver of the industrial development needs special conditions. In particular they are industrial parks, cluster potential of the territory and also new mechanisms of innovations’ encouragement i.e. innovative vouchers. For the moment the efforts are made in the implementation of the project in the chemical and pharamaceutical industrial cluster.
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