Regional Economics: Theory and Practice
 

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Analyzing business incubators and accelerators as institutions to develop and commercialize innovative products and startups

Vol. 17, Iss. 4, APRIL 2019

Received: 24 January 2019

Received in revised form: 21 February 2019

Accepted: 4 March 2019

Available online: 15 April 2019

Subject Heading: Innovations and investment

JEL Classification: О31, О32

Pages: 718–732

https://doi.org/10.24891/re.17.4.718

Gulyaeva M.M. Perm National Research Polytechnic University (PNRPU), Perm, Russian Federation
gulyaeva_2017@inbox.ru

ORCID id: not available

Postnikov V.P. Perm National Research Polytechnic University (PNRPU), Perm, Russian Federation
v.p.o.s.t.v@mail.ru

https://orcid.org/0000-0002-5949-0214

Subject This article discusses the activities of business incubators and accelerators as regional institutions for innovative products commercialization, technological entrepreneurship development, and startups promotion.
Objectives The article aims to study the properties and stages of development of business incubators and accelerators.
Methods For the study, we used the systems and structural approaches, and the methods of comparative analysis, generalization, and classification.
Results The article presents classifications of business incubators and accelerators taking into account their industry orientation, and shows their shortcomings and key properties. The article also graphically illustrates the structure of business incubators and accelerators in Russia.
Conclusions Business incubators and accelerators, as special institutions, are created for the effective development of innovations and new technologies. Accelerators imply accelerated development of startups through intensive patronizing and investment support of projects in early stages.

Keywords: startup, innovation project, business incubator, accelerator, corporate accelerator

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