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Issue № 63. August 2017

Measuring Innovative Performance of Skolkovo Companies

Andrei V. Ptitsyn, Albert R. Efimov

Andrei V. Ptitsyn &mdash Ph.D., deputy director, Synesis LLC, Moscow, Russian Federation.
E-mail: Andrei.ptitsyn@gmail.com

Albert R. Efimov — Director of the Department for Development and Promotion of Technology Challenges and Initiatives of Skolkovo, National Technology Initiative, Moscow, Russian Federation.
E-mail: AEfimov@sk.ru

Scholars and practitioners have developed numerous indicators of business performance, however it is difficult to name a generally accepted performance indicator. This article explores the performance of Russian innovative companies using the dataset of 137 Skolkovo companies. The authors employ several performance indicators of Russian start-ups, including number of workers, business model, revenues, international sales, patents, and effect on the GDP. The overall conclusions confirm the essential role of governmental support in the growth of start-ups during the crisis. In Skolkovo, fewer than 30% of the companies would continue business as usual without grants. The causes of small influence of Skolkovo companies on Russian GDP are explored. The direct contribution of Skolkovo revenues to the growth of the GDP of Russia was 0,54% in 2014.

The comparison between the Silicon Valley and Skolkovo shows, that the Skolkovo innovation center is still relatively small: Skolkovo companies have filed 24,82 times less patent applications in 2013 than the innovative companies in the Silicon Valley. The revenues of Apple alone were ~182 times larger than those of all the Skolkovo companies combined in 2014.

Keywords

Innovations, start-ups, business performance, GDP, patents.

Comments:
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