Entrepreneurship in the Knowledge Economy Era: Sociocultural Factors of Development

The knowledge economy is a new stage in the Russian economy, characterized by social focus, careful attitude to human potential, and a focus on creating conditions for the spiritual, moral and professional development of citizens. Intellectual capital in post-industrial relations is the main economic source and object of investment and intellectual property law is a key element in the diffusion of innovations. In the knowledge economy, special attention should be given to non-material factors of social development, such as culture, science, and education. The author of the paper explores the role of these social institutions in the process of the citizens’ entrepreneurial activity enhancement, substantiates the need to ensure their interconnection and integration into economic circulation. The analysis of the regulatory legal framework made it clear that the legislator pays little attention to the motivational and regulatory functions of culture. It is also important to note the problems associated with the science management and the lack of effective legislation on innovation and scientific and technical activities, and to establish the need to develop and implement a system of continuous entrepreneurial education.

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