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The Role of Business Incubators in Supporting Economic Growth and Advancement of Small Business of the Russian Federation

Affiliations

  • Southern Federal University, Rostov-on-Don, Russian Federation
  • LLC Universal Project Stroy, Surgut, Russian Federation
  • Russian State Social University, Pyatigorsk branch, Pyatigorsk, Russian Federation
  • Institute of economy of the Russian Academy of Sciences, Moscow, Russian Federation
  • Military university of the Ministry of Defence of the Russian Federation, Moscow, Russian Federation
  • Institute of service and technologies, branch of Don state technical university, Pyatigorsk, Russian Federation
  • Rochev, Ukhta State Technical University, Ukhta, Russian Federation
  • Volga State University of Technology, Yoshkar-Ola, Russian Federation

Abstract


The article discusses the role and functions of business incubators in the advancement of small entrepreneurship in the regions of the Russian Federation as well as providing economic growth. A business incubator is an organization that creates the most favorable conditions for launching of small enterprises through the provision of comprehensive services and resources. The article analyses and presents some of the indicators of existing business incubators as well as investigates certain most efficient business incubators in Russia and considers the role of business incubators in the advancement of small innovative enterprises. The authors note the influence of business incubators on economic growth of the regions.

Keywords

Business Incubator, Economic Growth, Small Business, Small Business Advancement.

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References


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