Commercialization of publicly funded research and development (R & D) in Russia : scaling up the emergence of spinoff companies, Vol. 1 of 1

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Commercialization of publicly funded research and development (R&D) in Russia : scaling up the emergence of spinoff companies

Author:	Gutierrez, Juan Julio; Correa, Paulo;	Collection Title:	Policy Research working paper ; no. WPS 6263
Country:	Russian Federation;	Date Stored:	2012/11/13
Document Date:	2012/11/01	Document Type:	Policy Research Working Paper
Language:	English	Region:	Europe and Central Asia
Report Number:	WPS6263	SubTopics:	Scientific Research & Science Parks; Tertiary Education; Science Education; E-Business; ICT Policy and Strategies
Volume No:	1 of 1

Summary: This paper explores fundamental issues affecting technology commercialization of publicly funded research and development (R&D) in the Russian Federation. Despite substantial R&D investments, Russia has experienced a decline in scientific output and employment. Nevertheless, the innovation system remains strong in several technological fields. This paper develops an analytical framework to discuss conditions for technology commercialization, which hinge on the innovation system research base, governance of research institutions, alignment between specialization and sector prioritization, availability and performance of scientists and engineers, intellectual property (IP) regime for publicly funded discoveries, and early stage finance. The paper identifies areas for policy and regulatory improvement to incentivize research institutes and scientists to undertake research with market potential. These include: stronger results-based management that rewards commercialization efforts and focuses not only on high-technology sectors, but also on sectors where Russia has technological comparative advantages. In addition, researchers' career development could consider performance metrics that include entrepreneurial achievements, as well as support for young scientists and for international collaboration. Moreover, the IP regime for federally funded R&D may consider transferring full ownership of research discoveries to research organizations. Finally, to increase deal-flow of new ventures, enhancing the supply of early-stage financing for new technologies may be considered.


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