Hi-tech entrepreneurial structure upgrade project

An innovative development of the Russian economy is impossible without a competitive high-tech entrepreneurship sector. This paper discusses the criteria of referencing an entrepreneurial company to the high-tech sector. The competitive ability of entrepreneurial companies, which use high technologies in their business, depends on a plenty of internal and external factors. The internal factors are of special importance since they are controlled by and dependent on the entrepreneurial company management activities. An up-to-the-date know-how base is one of internal sources for providing high competitiveness of high-tech entrepreneurial companies. This article substantiates the dependence of the enterprise’s competitive ability vs its technological level. This study also reveals alternative approaches to upgrading a know-how base of high-tech entrepreneurial companies, and analyzes the opportunities of using alternative approaches identified. Furthermore, an action item list for the know-how base upgrade is suggested in conclusion. This article substantiates the correlation between the competitiveness of enterprises and their know-how level. The emphasis is made on the comparison of available alternative options for upgrading a know-how base of hi-tech entrepreneurial structures.