Tools to Enhance Economic Efficiency of Small Innovative Enterprises in Biotechnology Sector
The paper analyzes the mechanisms and the economic efficiency of small innovative enterprises IPO to improve the company business efficiency and productivity. The Russian company Human Stem Cells Institute (HSCI) is takenas an example. The author analyzes changes in the company assets and liabilities, its annual balance, revenues and profits from the perspectiveof the company IPO. The paper concludes that IPO may be regarded as a tool to increase the economic efficiency of small innovative enterprises of the biotechnology sector.