Startups and regional entrepreneurial ecosystems: the Russian case

Stepan Zemtsov and Alexander Mikhaylov

Chapter 2 in Developments in Entrepreneurial Finance and Technology, 2022, pp 23-38 from Edward Elgar Publishing

Abstract: High-tech startups play a leading role in new technological revolution after pandemic, but regional environment for them (entrepreneurial ecosystems) in 83 Russian regions that differs significantly. Our econometric results show that startup activity was higher in regions with more educated population and university students, as many startups are created by young entrepreneurs and in need for high-qualified personnel. Although commercialization of R&D is low in Russia, а greater number of new firms appeared in scientific and technological centres due to the knowledge spillovers. Digitalization, improved access to the Internet, the larger domestic consumer markets also encouraged the new high-tech firms’ formation. Agglomeration effects increase the concentration of startups in large cities. New companies are rare in regions with higher share of informal sector and in mining centres. According to these factors, we propose some recommendations for Russian regional authorities.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2022
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