Page 58 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.73, # 2, 2016, pp. 42-61

and international networks for its resident companies.Technopolis offers value to its
customers in different stages of lifecycle (table 4.1).

Table 4.1: Value offered by Technopolis to its residents

Source: Technoplois Documents

1. Conclusions and recommendations
The government of Azerbaijan views transition from an economy based on
natural resources to an economy based on innovative entrepreneurship as one of the
high priority tasks. Developing innovative entrepreneurship is listed as one of the
priority goals in state program “Azerbaijan 2020: Vision into the Future”. This
study has analyzed experience of Finland, which is one of the global leaders in the
field of innovative entrepreneurship and technology transfer with the purpose of
developig proposals for policy makers. Despite the arguments against using the
experience of developed countries in formulating strategies for emerging economies,
there is strong evidence supporting the notion that emerging economies should adopt
the models and follow the recipes of developed countries.
As Azerbaijan moves forward in developing technology transfer, the experience
of Finland offers valuable lessons. As mentioned in section 2 of the paper, one of the
main reasons behind the success of Finland is the presence of a catalyst organizations
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