Open AccessUniversity-industry Partnership as a Key Strategy for Innovative Sustainable Economic Growth
Author(s) -
Ekaterina Panarina
Publication year - 2015
Publication title -
journal of international business research and marketing
Language(s) - English
Resource type - Journals
eISSN - 2584-3222
pISSN - 1849-8558
DOI - 10.18775/jibrm.1849-8558.2015.11.3003
Subject(s) - merge (version control) , general partnership , business , sustainable growth rate , industrial organization , natural resource , competition (biology) , redistribution (election) , sustainable development , economic system , economics , political science , ecology , finance , biology , computer science , information retrieval , politics , law
The intensified global competition for factors that drive the competitiveness of entrepreneurial ecosystems forces policymakers to seek new models of economic growth. The current Russian model, based on the exportation of natural resources, has become increasingly obsolete. Today, to achieve growth targets, Russia must move from the redistribution of mineral resources to intensify innovation activity and develop technology-intensive products. Universities and industry are two partners of the entrepreneurial ecosystem that can connect to merge the discovery-driven culture of universities with the innovation-driven environment.