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Institutional Backing of Innovation Economic Development of Leading Countries: Finnish Experience

Alexey Gerasimov
doctoral candidate of Institute of Regional Economy Problems, PhD in Economics
St. Petersburg
We analyze the problems of innovation development of economic systems as well as functioning of various development institutions. The experience of Finland in building innovation infrastructure with participation of private, public and mixed capital is researched. We describe and study the activity of existing Finnish institutions supporting small and medium-sized high technology companies, as well as their role in ensuring the competitiveness of the economy of Finland.


  • innovation development
  • institutions of development
  • innovation infrastructure
  • small and medium enterprise
  • high-technology sector
  • 188300 Russia, Leningrad region, Gatchina, st. Roshchinskaya, 5