1. Exploring motives and innovations in entrepreneurship M. Kedalo P. Molchanov M. Neuvazhaeva N. Ryabtsev A. Yuzhaninova Moscow 2011

2. Aim and tasks Investigate changes in motivation structure and innovation ability to create new ventures under influence of recession 2008-2009  To study influence of variable motives (social, economic and personal) on starting-up and quiting the business  To explore the differences in motivation between the necessity based entrepreneurship and opportunity based entrepreneurship  To study the effects of the recession on innovation activities and risk propensity  To explore the possibility of returning to the enterprise through innovative resource  To define a portrait of a small innovative entrepreneur  To compare the results for Russia and the Netherlands

3. Object and subject O: motivation structure under condition of recession S: the influence on recession 2008-2009 on motives to create new ventures and to perform innovations in comparison between Russia and Netherlands

4. Theoretical and empirical bases Research papers "The fit between entrepreneurs' personalities and the profile of the ventures they manage and business success: An exploratory study", Journal of Business Venturing, 2010 "Nascent entrepreneurship and the developing individual: Early entrepreneurial competence in adolescence and venture creation success during the career", Journal of Vocational Behavior, 2010 "The relationship between prior and subsequent new venture creation in the United States: A county level analysis", Journal of Business Venturing, 2009 "To start or not to start: Outcome and ability expectations in the decision to start a new venture", Journal of Business Venturing, 2008 "Patterns of venture gestation process: Exploring the differences between tech and non-tech nascent entrepreneurs", The Journal of High Technology Management Research, 2008 "A longitudinal study of cognitive factors influencing start-up behaviors and success at venture creation", Journal of Business Venturing, 1995 Empirical database GEM dataset: motives: Q1d-Q2e3, Q2g-Q2gi, Q2OA-Q2OB, Q3a-Q3b, Q3d1-Q3d2, Q3g-Q3h, Q3OB innovations: Q2E1-Q2E3, Q6A17-Q6Q22, Q6B17-Q6B22 Doing Business, IFC - World Bank

5. Hypotheses A portrait of a small innovative entrepreneur in Russia and Netherlands differ (based on the motives, the "climate", the number of people in the team, age, education, etc.) The financial aspect of motives has a large impact on entrepreneurial behavior Self-esteem and perceptions of business climate affect the voluntary and involuntary entrepreneurship The number of entrepreneurs starting "for the sake of money" and “for self-realization" will differ in the Russia and Netherlands In Russia risk propensity has risen more than in the Netherlands Perception of the business environment of the entrepreneurs meets the objective situation Unsuccessful business experience significantly affects the motivation of re-starting a business The involvement of innovative activities before, during and after the recession significantly differ During the recession intention to start both innovative and non-innovative ventures declines Under the influence of the recession the number of the small innovative forms of entrepreneurship in the Netherlands became higher than in Russia

6. ?? Innovations Relevance of research EfficiencyInnovation Perception of opportunities Opportunities Capabilities Beliefs about capabilities Recession impact Fear of failure Intention to start business Motivation Structure Pessimism in Economy “red tape” Using the database 2006-2009 we able to evaluate influence of recession 2008-2009 on changing in motivation structure in creation new ventures Perception of necessity Education and experience

7. Your questions are welcome!