Chinese technology parks: innovational tool for Russia

Technoparks play a key role in a country’s innovation potential and economic growth, as they are the most effective organizations that can transform the results of university knowledge and researches into new products, technologies and services. However, there are many problems and disproportions in Russia’s National System of Innovation, which result in an underdevelopment of its technology parks. On the contrary, Chinese technology parks are very successful and boast huge profits that major technoparks in many countries couldn’t receive.The purpose of the work is to propose the ways of increasing Russian innovation potential by implementing the experience of Chinese technoparks’ development. In order to achieve the purpose I have compared the efficiency of Russian and Chinese innovation systems; considered the role of technoparks in a development of a country’s innovation potential; studied the history of technology parks in China and Russia; analyzed the current situation of Russian and Chinese innovative development; considered the peculiarities of Russian and Chinese government regulation; defined the competitive strengths of Chinese technology parks and revealed the weaknesses and problems of Russian technology parks.Finally, it was concluded that the reasons for Russia’s technoparks inefficiency is largely connected with deficient support of government. Some of the China’s methods of technoparks development such as favorable tax rate, incentive packages, establishment of national legislation on technoparks, increasing the proportion of loan interest subsidies in government funding methods, using the method of accelerated depreciation and other methods can be applicable to Russian technoparks and can bring tremendous benefits.