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2020 78 79 80 81 82 83
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Issue № 80. June 2020

Startup Studio as Promising Model for Developing Innovations in the Context of Venture Capital and Corporate Innovations in Russia

Andrei N. Popov

Postgraduate student, Faculty of Economics, Department of Economics of Innovation, Lomonosov Moscow State University, Moscow, Russian Federation.

The article considers the problem of a lack of quality innovative projects at an early stage of development, as well as the development of corporate innovation as an effective solution to this problem. The low level of large businesses digitalization in Russia compared to the countries of the European Union as well as the low share of innovative goods and services on the market, determine the high potential for innovative development in Russia. Using a system analysis, based on the statistics of the venture capital market in 2017–2019, the author identifies how the lack of high-quality innovative projects at an early stage impacts the participants of the domestic innovation system. Based on the revealed mechanism and venture activity of corporations, the author concludes that an effective way to solve the problem lies in the field of interaction between innovative projects and Russian corporations. Further, based on an analysis of 54 programs of open innovation, as well as venture capital activity of corporations, the author identifies common tools in Russia that lead to the integration of innovative solutions in corporations. The author notes the problems in integrating startups into the corporation and analyzes the current ways to solve them. The author puts forward and substantiates the hypothesis that a startup studio model with a focus on the business needs of domestic corporations can more effectively solve a set of problems in the venture market and in the interaction of corporations and innovative projects than current approaches to solve these problems. Since the startup studio model is not properly studied in domestic and world science, the article discusses in detail the characteristics of this model, the history of its development, and reviews the scientific literature. As a result, the hypothesis of using a startup studio model in the context of large business in Russia to solve a complex of problems in the field of corporate innovations, as well as the lack of high-quality innovative projects at an early stage of development is proved.


Startup studio, startup factory, venture building, venture investments, corporate venture capital, innovations, startups, seed venture investments, Russian innovation system, open innovations.

DOI: 10.24411/2070-1381-2020-10073

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