Finland’s and Israel’s Experience of Innovative Development

271
DOI: 10.20542/0131-2227-2012-8-59-67

N. Gavrilova, Russian Presidential Academy of National Economy and Public Administration (RANEPA), 82, prosp. Vernadskogo, Moscow, 119571, Russian Federation (gavrilova-n@mail.ru).

Abstract. The production and promotion of high-tech products and new technologies to the global market is an essential condition for the competitiveness of the country. Some states that do not have abundant natural resources have made a stake on the development of advanced technologies. This secured them a place among the world leaders in terms of economic growth and population’s living standards. In-depth analysis of world practices of facilitating innovation is a pre-requisite for formulating the recommendations on the conditions for innovative development and competitiveness of Russia. From this point of view, the experience of Finland and Israel, which have managed to solve the respective problems is very interesting. Besides Finland and Israel, a similar model of innovation development is used in Sweden, Norway, Iceland and several other countries. The advantage of this model is that it creates an opportunity for national leadership at the world market of innovation. The national companies engaged in the development of new technologies create markets for themselves. Namely, they generate new needs and satisfy them, thus, they do not have to follow the market.

Keywords: innovation, venture financing, government policy, technological incubators, business startups, pre-financing, research networks, Finland, Israel


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For citation:
Gavrilova N. Finland’s and Israel’s Experience of Innovative Development. World Eñonomy and International Relations, 2012, no. 8, pp. 59-67. https://doi.org/10.20542/0131-2227-2012-8-59-67



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