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Innovational Projects of Technological Growth on the Platform of Public–Private Partnership

Tech, Smart Cities, and Regional Development in Contemporary Russia

ISBN: 978-1-78973-882-7, eISBN: 978-1-78973-881-0

Publication date: 29 July 2019

Abstract

This chapter studies the importance of implementation of innovational projects of technological growth through public–private partnership (PPP). The authors determine the probability of implementing a project of PPP depending on distribution of risks between its participants. Usage of the mechanism of PPP allows optimizing possible risks during implementation of innovational activities, attracting large business for creation and implementation of new technologies, and forming sustainable ties between R&D departments and business structures. The types of risks in the projects of PPP are given, as well as tendencies of their emergence depending on the stage of implementation of the innovational project, including the following: formation of policy on development of PPP; preparatory, implementary, commercialization of the results of joint activities; and monitoring and control over execution of the project. The algorithm of the system of risk management in innovational projects of technological growth on the platform of PPP is presented. The methods of overcoming the risks that appear during implementation of an innovational project of technological growth within PPP are given. A special attention should be paid to the fourth (distribution of risks) and fifth (reduction of risks) stages. During implementation of innovational projects with application of a business model of PPP, the risks are dealt with by the participant who can manage them better. Reduction of risks is achieved better if several strategies are used – for decreasing the influence of the risk on the innovational project (strategies of risk evasion, acceptance of the risk situation, compensation, transfer, and reduction).

Keywords

Acknowledgements

Acknowledgments

The study is performed with the financial support from the Russian Foundation of Fundamental Research within the research project “Public-private partnership: models and their evaluation from the positions of development of international cooperation of Russia and Abkhazia in the modern conditions of economy digitization”, project No. 19-510-40001/Abkh-a.

Citation

Parakhina, V.N., Vorontsova, G.V., Momotova, O.N., Boris, O.A. and Ustaev, R.M. (2019), "Innovational Projects of Technological Growth on the Platform of Public–Private Partnership", Sergi, B.S. (Ed.) Tech, Smart Cities, and Regional Development in Contemporary Russia, Emerald Publishing Limited, Bingley, pp. 15-27. https://doi.org/10.1108/978-1-78973-881-020191003

Publisher

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Emerald Publishing Limited

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