Co-evolution of an entrepreneurial ecosystem and technology entrepreneurship in a transforming economy. (6th March 2023)

• Record Type: Journal Article
• Authors: Nazarov, Mikhail; Butryumova, Nadezhda; Aleksandrovskiy, Sergey; Sidorov, Dmitry
• Is Part Of: International journal of technology, policy and management. Volume 23:Number 1(2023)
• Page Start: 42
• Page End: 80
• Publication Date: 2023-03-06
• Subjects: entrepreneurial ecosystem -- technology entrepreneurship -- transforming economy -- co-evolution -- Russia; Technological innovations -- Management -- Periodicals; Technology and state -- Periodicals; 658.51405
• Languages: English
• ISSNs: 1468-4322

Abstract

The paper addresses the question of how technologically entrepreneurial companies co-evolve with the entrepreneurial ecosystem in the context of transforming economy and emerging of new institutions. Employing a co-evolutionary approach and a case study design, we have studied 15 technology enterprises established in the Russian region in the 1990s, 2000s, and 2010s. As a result, we have found out about two types of entrepreneurs: 1) "Wild entrepreneurs, " more typical for the early stages of transition, are independent and rely on informal institutions; and 2) "Tamed entrepreneurs" become more common during the transition progresses, prefer a clear and developed formal institutional environment. Also, we have discovered that the entrepreneurial ecosystem dynamics are a joint outcome of entrepreneurs' intentionality, environment, and institutional effects. Premature formalisation of institutes in conditions of weak informal institutions may lead to a growing dependence of entrepreneurs and their businesses on an increasingly rigid environment, and thus to the generation of weaker entrepreneurs.