Strategic Approach to the Regional Innovation System

DOI

10.2991/aebmr.k.200114.026How to use a DOI?

Keywords

region, strategy, regional innovation system, innovation, innovation activity, stimulation

Abstract

The study proves that at this stage, elaboration of an innovation-based strategy of national economic development is an objective necessity for all the industrialized countries. In such conditions, the high-priority task of the government regulation is to create favorable environment for the development of entrepreneurship and innovation activity. This research rationalizes that a workable solution to this problem may be the development of complex innovation strategies whereas such stages of strategic decision-making as forecasting and planning should include regional innovation system (RIS) building; the latter is expected to serve as a basic structural element of the investment and innovation policy of regional development. Additionally, the research shows that stimulation of the innovation development in the regions requires engagement of the skilled professionals capable of creating a transformational system for the complete innovation process. A transition to the accumulation of the creative human capital is expected to be a stimulating factor for the innovation activity of the RIS subjects. It has also been defined that successful development and implementation of the RIS strategy presuppose going through certain stages in a specific order; the stages are also presented in this study. The novelty of the suggested approach lies in using the resources available for RIS formation while paying particular attention to the mechanism of the RIS strategy development whereas both aspects are not currently given sufficient attention to in this area of studies.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - A.A. Ostovskaya
AU  - E.A. Smirnova
AU  - N.N. Kozhukhova
PY  - 2020
DA  - 2020/01/18
TI  - Strategic Approach to the Regional Innovation System
BT  - Proceedings of the First International Volga Region Conference on Economics, Humanities and Sports (FICEHS 2019)
PB  - Atlantis Press
SP  - 116
EP  - 118
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200114.026
DO  - 10.2991/aebmr.k.200114.026
ID  - Ostovskaya2020
ER  -