Abstract
Russia’s innovation has long been admired throughout the world. Her scientists are outstanding in their fields and her engineers have used science to accomplish great feats, from the development of superior alloys to reaching outer space. Now, Russia must learn a new science; that of turning great engineered products into business opportunities. Recent studies of market, capital, people, culture, infrastructure and regulations have resulted in the identification of specific areas needing work. In this paper, the author offers his opinion by making a recommendation for steps which should be taken next to overcome obstacles in the path of economic diversity for Russia.
Keywords: Bankruptcy, ecosystem, innovation, Russia, Russian business culture, startups.
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