The role of the public private partnership in the innovation cluster development

Abstract

The article dwells on the problem of the innovation cluster development, analyses theexisting trends, singles out the key factors that create the favorable conditions for the clusterformation and its further growth. In this aspect a special place is given to the mechanism of thepublic private partnership (PPP), which is considered to be an effective tool prompting thedevelopment of the national innovation system and the economic growth of the country as awhole. The authors of the article have undertaken the thorough research of the matter, includingthe analysis of the indicators of the innovation activity for the last years as well as thecomparative analysis of the foreign experience of implementation of the PPP. The resultsachieved upon this analysis are used in formulation of the perspective trend in the innovationdevelopment the PPP mechanism, which is viewed by the authors as the key element of thecluster development in Russia. The authors suggest that though the initial steps in formation ofthe PPP market in Russia have done, its further effective development depends on the initiativesof the state, its capacity and consent to run risks along with the private partner, and on theimprovement of the current legislation. The adoption of the foreign models of cooperation suchas subcontracting and outsourcing within the PPP are considered to be the efficient mechanismsin the innovation cluster development.