PROMOTION OF INNOVATIVE WOMEN MICRO START-UPS FOR LOCAL ECONOMIC DEVELOPMENT
Abstract
This studies investigates the effect of entrepreneurial projects, education, and tradition on employer innovation and nearby economic improvement. Based on social trade and economic theories, the look at collects primary facts from entrepreneurs in Russia, utilizing Structural Equation Modeling (SEM) for evaluation. The findings highlight that entrepreneurial tradition substantially affects business enterprise innovation, while education and initiatives affect innovation not directly. Innovation, in flip, is crucial for driving economic improvement. The look at advocates for fostering an entrepreneurial culture, offering vital sources and incentives to entrepreneurs, and promoting regulations that facilitate innovation to enhance neighborhood monetary improvement, specifically via progressive ladies micro begin-ups.
Keyword : Entrepreneurial initiatives, entrepreneurial training, entrepreneurial tradition, business enterprise innovation, economic improvement, Structural Equation Modeling, girls micro begin-ups, Russia, neighborhood economic development.

This work is licensed under a Creative Commons Attribution 4.0 International License.
References
1. Cabrera, E.M.; Mauricio, D. Factors affecting the success of women’s entrepreneurship: A review of literature. Int. J. Gend. Entrep. 2017, 9, 31–65. [Google Scholar] [CrossRef] 2. Carranza, E.; Dhakal, C.; Love, I. Female Entrepreneurs: How and Why Are They Different? World Bank: Washington, DC, USA, 2018. [Google Scholar] 3. Cull, R.; Demirgüç-Kunt, A.; Morduch, J. The Microfinance Business Model: Enduring Subsidy and Modest Profit. World Bank Econ. Rev. 2018, 32, 221–244. [Google Scholar] [CrossRef] 4. World Bank. Access to Finance for Female-Led Micro, Small & Medium-Sized Enterprises in Bosnia and Herzegovina March 2018; The World Bank: Washington, DC, USA, 2018. [Google Scholar] 5. Abebe, A.; Kegne, M. The role of microfinance institutions on women’s entrepreneurship development. J. Innov. Entrep. 2023, 12, 17. [Google Scholar] [CrossRef] [PubMed] 6. Hermes, N.; Hudon, M. Determinants of the Performance of Microfinance Institutions: A Systematic Review. In Contemporary Topics in Finance: A Collection of Literature; Wiley: Hoboken, NJ, USA, 2019; pp. 297–330. [Google Scholar] [CrossRef] 7. Quadrini, V. The Importance of Entrepreneurship for Wealth Concentration and Mobility. Rev. Income Wealth 1999, 45, 1–19. [Google Scholar] [CrossRef] 8. Kaya, A.; Tok, E.; Koc, M.; Mezher, T.; Tsai, I.T. Economic diversification potential in the rentier states towards a sustainable development: A theoretical model. Sustainability 2019, 11, 911. [Google Scholar] [CrossRef] [Green Version] 9. Romer, P.M. The Origins of Endogenous Growth. J. Econ. Perspect. 1994, 8, 3–22. [Google Scholar] [CrossRef] [Green Version] 10. Organisation for Economic Cooperation and Development. The Knowledge-Based Economy Organisation; OECD: Paris, France, 1996. 11. Sajjad, M.; Kaleem, N.; Chani, M.I.; Ahmed, M. Worldwide role of women entrepreneurs in economic development. Asia Pac. J. Innov. Entrep. 2020, 14, 151–160. [Google Scholar] [CrossRef] 12. Kearins, K.; Schaefer, K. Women, entrepreneurship and sustainability. Routledge Companion Glob. Female Entrep. 2017, 48–61. [Google Scholar] [CrossRef] 13. Fernández, M.B.; García-Centeno, M.D.C.; Patier, C.C. Women sustainable entrepreneurship: Review and research agenda. Sustainability 2021, 13, 12047. [Google Scholar] [CrossRef] 14. Lee, S.; Park, G.; Yoon, B.; Park, J. Open innovation in SMEs—An intermediated network model. Res. Policy 2010, 39, 290–300. [Google Scholar] [CrossRef] 15. Gassmann, O. Opening up the innovation process: Towards an agenda. R&D Manag. 2006, 36, 223–228. [Google Scholar] [CrossRef] 16. Feldens, A.M.; Maccari, E.A.; Garcez, M.P. Barriers for production innovation in small and medium technology-based firms in Brazil. Braz. Bus. Rev. 2012, 9, 1–22. [Google Scholar] [CrossRef] [Green Version] 17. Gassmann, O.; Enkel, E.; Chesbrough, H. The future of open innovation. R&D Manag. 2010, 40, 213–221. [Google Scholar] 18. Lichtenthaler, U. Open innovation in practice: An analysis of strategic approaches to technology transactions. IEEE Trans. Eng. Manag. 2008, 55, 148–157. [Google Scholar] [CrossRef] 19. Cui, T.; Ye, H.J.; Teo, H.H.; Li, J. Information technology and open innovation: A strategic alignment perspective. Inf. Manag. 2015, 52, 348–358. [Google Scholar] [CrossRef] [Green Version] 20. Lecocq, X.; Demil, B. Strategizing industry structure: The case of open systems in a low-tech industry. Strateg. Manag. J. 2006, 27, 891–898. [Google Scholar] [CrossRef]