Innovation clusters in the digital economy. The creation of a favorable environment for rapid startup growth

RUST HALL, October 17, 09:30 — 10:30

How to create the conditions for rapid growth of small and medium-sized technology businesses? Recent studies have shown that a flow of startups does not automatically produce a proportional flow of fast-growing firms. Only 3% of the most dynamic companies account for the largest contribution to the increase of employment. This is a new challenge for economic policy of the State. Is there enough traditional measures of support in the sphere of SMEs and innovation in order to stimulate precisely the scaling of survivor (and long living) companies? What new tools can be offered to support fast-growing firms and how to redirect old tools for this purpose?
Some answers may be found in the framework of the cluster policy. Support for clusters, in which fast-growing companies are developing, is aimed at addressing common problems, developing conditions and infrastructure, introducing specialized services. Cluster structure is shaped by the existing organizations that have passed the stage of formation, succeeded in business or science, and are ready for joint activity. Clusters can enhance the demonstration effect of fast-growing firms on account of more dense and open communication between their participants. A number of existing fast-growing companies (for example, from the list of National Champions), whose competitiveness is most dependent on the local environment, can form clusters around them attracting new organization and transforming the existing ones.
What is the role of the leading Russian clusters in the sphere of hi-tech in the transformation of a flow of startups into a flow of fast-growing companies?