Effectiveness of State Mechanisms for Supporting Small and Medium-Sized Enterprises in the Arctic (On the Example of the Komi Republic)

The development and exploration of the Arctic territories of Russia is important in the current conditions. The purpose of the study is to analyze the effectiveness of state mechanisms for supporting small and medium-sized enterprises (SMEs) in the Arctic conditions (on the example of the Arctic territories of the Komi Republic). On the basis of the results of the study, proposals to improve the effectiveness of these mechanisms for the survival of SMEs in the Arctic conditions have been developed. To improve the competitiveness and investment attractiveness of SMEs in the Arctic, the authors suggest developing a set of measures to strengthen the interaction between the state and business, primarily in the social, environmental and scientific and technological spheres within the framework of the public-private partnership (PPP) mechanism. To ensure the innovative development of SMEs in the Arctic, it was recommended to develop the “Arctic Venture” model as a high-tech tool for innovative development within the existing Russian venture capital industry. The importance of creating project-oriented business structures that conduct strategic analyses on an ongoing basis, study the impact of the external environment on business, identify existing development problems and develop projects to solve existing problems was noted. It was also proposed to elaborate tools for the development of corporate governance system in small and medium-sized enterprises in order to ensure their competitiveness and investment attractiveness.