Clusters of small businesses in Russia lack innovation, hindering regional growth.
Small and medium-sized businesses in Russia need to innovate to grow. Clusters of these businesses are growing fast, but they lack innovation. A study found that these clusters have low innovation levels and struggle to improve the regional economy. The main issue is their weak ability to innovate and connect with innovation sources. To boost innovation, these clusters need to work with research institutions, government, and support organizations. By doing so, they can help improve economic growth in their regions.