The Role of Regional Holdings in Fostering Innovative Processes: Kuzbass Regional Specificity

Nikolay A. Kostenko
1. UK "Sibinvest"
kna_ans@mail.ru
Olga A. Isupova
1. Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences
rinozerus@mail.ru
The material was received by the Editorial Board: 15/05/2019
Abstract
Innovative activity in the form of innovative projects aimed at upgrading production potential is a cornerstone for technological advancement of the largest integrated enterprises – regional versatile holdings – which have played a key role in economic development of the Kemerovo region over the last decade. Regional holdings, being conglomerate structures, form innovative processes in various industries of production, and produce various needs for the sphere of innovatics, with some of them being satisfied by other market participants. It forms close interactions in the innovative sphere and leads to the inevitable perception of the methods applied in innovation management accepted at large holdings by all participants of innovative processes, in particular, in case they carry out a part (stage) of process or a major innovative project for a holding as a customer. The degree and forms of impact of innovative activities of holdings on the innovatics of other participants as well as the directions of their interaction seem various; however, participation of large and authoritative holding structures in such projects has become a peculiar trigger giving boost to a new quality of innovative activity at the enterprises. The synergy effect resulting from such an interaction is sure to make a positive impact on innovative development of Kuzbass regional economy.

Keywords
innovative activity, innovative process, regional holdings, influence, interaction, properties of innovative processes, effect, trigger, diffusion of technologies

Funding
The publication is prepared within the priority XI.174 (project No. XI.174.1.1 “Economy of Siberia and its Regions Among the External and Internal Challenges and Threats: Methodology, Trends, Forecasts”, No. АААА-А17-117022250133-9) according to the research plan of the IEIE SB RAS

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References: Kostenko N. A., Isupova O. A. The Role of Regional Holdings in Fostering Innovative Processes: Kuzbass Regional Specificity. World of Economics and Management. 2019. vol. 19, no. 3. P. 86–100. DOI: 10.25205/2542-0429-2019-19- 3-86-100