Establishment of technological startups based on research and development (interview with Polad Malkin, researcher and developer, Doctor of physics and mathematics, professor, serial technological entrepreneur, CEO of «StartUpLab»)

Abstract

Today technological communities often consider lack of funding and ideas for establishment of startups as the big-gest hitch for launching and development of innovative startups for the moment. But that seems to be unsound as the statistics says that there are plenty of financial institutions, venture funds, business angel investors as well as incoming offers from startups showing that there is a host of ideas. One of the most significant tasks in the international technology community is the development of technology entrepreneurs who are able to approach the establishment of their technological startups insightfully. As a rule, such entrepreneurs launching startups are focused on the process of design and development of a unique device, software and other products which they find outstanding, and only after that such issues as: who needs this product and how this product is going to be built into the manufacturing chain are considered by them. A technology entrepreneur with strong technology skills should direct his efforts to the market and end user. In the USA, Israel, Canada and European countries, this function is performed by the inventor, developer, scientist. Therefore fostering of skills of technology entrepreneurship is a very significant factor which allows inventors, developers and scientists to get basic knowledge of entrepreneurial activities and realize their own ideas at early stages. We will try to answer the basic questions which allow scientists, developers, and engineers to build a successful business based on their own developments and research.