The Concept of Technological Entrepreneurship as a Basis for Sustainable Development of the Russian Economy

Pavel V. Gorlachev, Alexander A. Voronov, Tatyana S. Popova, Natalia A. Banko and Sergey M. Kuznetsov

Chapter 18 in The Role of Entrepreneurship in Resolving Modern Global Economic Problems:A Systemic Review, 2026, pp 181-191 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The relevance of this research stems from the fact that entrepreneurial activity, including its technological type, can be considered one of the key resources for economic development. The essence of technological entrepreneurship lies in the chain of creating consumer value, beginning with the conception of a technically complex product (technology) and ending with the commercialization of intellectual products in the market. The research concludes that developing technological entrepreneurship and achieving economic sustainability through it requires an appropriate infrastructure. This infrastructure primarily includes innovative territorial clusters, science cities, business incubators, networks of university startup studios, university venture funds, technological platforms, special economic zones, large technology parks, and similar entities. In addition to infrastructure, an adequate regulatory framework is crucial for fostering venture activities. The research aims to demonstrate that the development of technological entrepreneurship can lead to increased labor productivity, profitability, and the attraction of investments, including foreign ones, into high-tech industries. Ultimately, this lays the foundation for implementing the concept of sustainable development at the national and global levels.

Keywords: Entrepreneurship; Contemporary Global Economic Problems; Socially-focused Economy; Digital Economy; Climate Economy; Innovative Entrepreneurship; Social Justice; Global Inequality; Realizing Human Potential; Quality of Life; Economic Globalization; Green Transition; Investment Transition; Developing Economies; Central Asian Economy (search for similar items in EconPapers)
JEL-codes: F63 L26 O10 O17 Q01 (search for similar items in EconPapers)
Date: 2026
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