Abstract:

This article aims at stating the significance of research and development commercialization in Russia, as well as changes having taken place in this area over the last decade. It also covers major challenges both research and development buyers and sellers face, and namely the absence of linking element between researchers/developers and companies, interaction between Russian science, development and industrial enterprises under the new market conditions, risk of failure, and underdeveloped innovation infrastructure.

Keywords: innovation infrastructure, developed product introduction, innovations, commercialization