ISSN (print) - 0131-7652

ISSN (online) - 2686-7605

Vol. 53 No. 1 (2023)
INVESTMENT, INNOVATION & INDUSTRIAL POLICIES

How We See the Potential of Innovative Development: Problems of Appraising Early Stage Projects

PDF (Русский)
  • E.A. Obukhova,
  • A.T. Yusupova
E.A. Obukhova
Novosibirsk State University
A.T. Yusupova
Institute of Economics and Industrial Engineering, SB RAS; Novosibirsk State University, Novosibirsk
DOI: https://doi.org/10.30680/ECO0131-7652-2023-1-99-117

Published 2022-12-29

Keywords

  • innovative project; innovation ecosystem; scoring methods of assessment; information asymmetry; signaling

How to Cite

1.
Obukhova Е, Yusupova А. How We See the Potential of Innovative Development: Problems of Appraising Early Stage Projects. ECO [Internet]. 2022 Dec. 29 [cited 2024 Dec. 18];53(1):99-117. Available from: https://ecotrends.ru/index.php/eco/article/view/4557

Abstract

The paper considers the problems of supporting high-tech innovation projects in the early stages of the life cycle. The Russian innovation ecosystem does not provide sufficient opportunities for their development and promotion. On the one hand, exaggerated requirements imposed on projects during the selection process lead to significant underfunding of the early stages. On the other hand, venture investors are forced to support low-risk, relatively simple projects. Special tools are needed to analyze and evaluate high-tech startups, which are characterized by a high level of uncertainty, impossibility to clearly calculate financial attractiveness, and demonstration of finished products. As such, the authors have developed a methodology based on the analysis of the experience of entrepreneurs, venture and traditional investors, and innovation infrastructure institutions. The methodology involves a wide range of experts, takes into account motivations, priorities, competencies and capabilities of the actor evaluating and selecting the project. The authors present the experience of its application for the assessment of a specific high-tech startup in the field of warehouse logistics.
PDF (Русский)

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