The role of public-private partnership in stimulating the innovative development of industrial enterprises in the digital economy

The anti-Russian restrictions on the supply of high-tech goods provides the relevance of achieving the country's technological independence in terms of digital technologies. It ensures the Russia's technological independence and requires active business participation in domestic innovation and development. The research examines the theoretical foundations of public-private partnership and innovative development through the literature analysis, introduces the author's definition of these concepts, and considers different approaches to the definition of public-private partnership and innovative development, as well as their advantages and disadvantages. We define the potential of public-private partnership to ensure technological independence in terms of digital technologies and active business participation in domestic innovation and development. Indeed, the research considers the dynamics of public-private partnership projects in the Russian regions and new interactive tools to attract investment and develop domestic technologies. We define the objectives of achieving the "digital maturity" of key sectors of the economy and social sphere by 2030. Hence, the research analyses the factors of low demand for public-private partnership mechanisms in the development of digital technology projects, reveals its main challenges and constraints, and draws the necessary conditions for its successful implementation.

Authors

Publication Details

Journal
Journal of Regional and International Competitiveness
Published
2025-03-28
DOI
https://doi.org/10.52957/2782-1927-2025-6-1-57-64
Primary Topic
Digital Economy and Transformation
Type
article
Field-Weighted Citation Impact
0.00
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article

The role of public-private partnership in stimulating the innovative development of industrial enterprises in the digital economy

Aleksandr Fomichev
Journal of Regional and International Competitiveness
Digital Economy and Transformation
article

The role of public-private partnership in stimulating the innovative development of industrial enterprises in the digital economy

Aleksandr Fomichev
article en

Abstract

The anti-Russian restrictions on the supply of high-tech goods provides the relevance of achieving the country's technological independence in terms of digital technologies. It ensures the Russia's technological independence and requires active business participation in domestic innovation and development. The research examines the theoretical foundations of public-private partnership and innovative development through the literature analysis, introduces the author's definition of these concepts, and considers different approaches to the definition of public-private partnership and innovative development, as well as their advantages and disadvantages. We define the potential of public-private partnership to ensure technological independence in terms of digital technologies and active business participation in domestic innovation and development. Indeed, the research considers the dynamics of public-private partnership projects in the Russian regions and new interactive tools to attract investment and develop domestic technologies. We define the objectives of achieving the "digital maturity" of key sectors of the economy and social sphere by 2030. Hence, the research analyses the factors of low demand for public-private partnership mechanisms in the development of digital technology projects, reveals its main challenges and constraints, and draws the necessary conditions for its successful implementation.

Journal of Regional and International CompetitivenessVol. 6(1)
Openalex Percentile: Top 89%
Digital Economy and Transformation
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The role of public-private partnership in stimulating the innovative development of industrial enterprises in the digital economy — Aleksandr Fomichev · Journal of Regional and International Competitiveness (2025) | TGRS Research Map | TGRS