Russia’s innovation has long been admired throughout the world. Her scientists are
outstanding in their fields and her engineers have used science to accomplish great feats, from the
development of superior alloys to reaching outer space. Now, Russia must learn a new science; that of
turning great engineered products into business opportunities. Recent studies of market, capital,
people, culture, infrastructure and regulations have resulted in the identification of specific areas
needing work. In this paper, the author offers his opinion by making a recommendation for steps
which should be taken next to overcome obstacles in the path of economic diversity for Russia.
Keywords: Bankruptcy, ecosystem, innovation, Russia, Russian business culture, startups.
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