Abstract

The article examines the potential of introduction of new digital technologies in the Russian market through the development of startups in the modern economy. The article considers the key drivers of growth of digital startups and the prospects for their development in the domestic market of Russia and establishes the role of progressively developing information sphere for the investments of venture units of large corporations, business angels, the largest investment funds and other investors in the world economy. The peculiarities of startups' development in the Russian economy in modern conditions are revealed and the most significant solutions of this problem are presented.

Highlights

  • At present, the innovative way of development is one of the most important and urgent problems for many countries, including Russia

  • Under new conditions of changes in economic development, it is important for Russia to support companies doing their business effectively that will be able to increase innovative activity in the domestic market

  • 75-90% of GDP growth is provided by the growth of innovation sector, in Russia it accounts for 10%, which negatively affects the overall efficiency of the economy [1]

Read more

Summary

Introduction

The innovative way of development is one of the most important and urgent problems for many countries, including Russia. Venture investment is one of the most effective instruments of innovation funding in the world practice. In Russia, at the moment, the venture investment market is at the initial stage of development, but at the same time, the state annually implements measures to develop the industry. Under new conditions of changes in economic development, it is important for Russia to support companies (greenfields, startups) doing their business effectively that will be able to increase innovative activity in the domestic market. The innovative development of Russia's economy today is possible on the basis of the activation of the development of startups against the background of general growth of industrial production and anticipated structural reorganization of production sector. 75-90% of GDP growth is provided by the growth of innovation sector, in Russia it accounts for 10%, which negatively affects the overall efficiency of the economy [1]

The Overview of Digital Technologies Market
The Analysis of Startups in Russia and in the World by Segments
The Problems of Startups Launching in Russia
Proposals for Optimizing the Launching and Development of Startups in Russia
Findings
Conclusion
Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call