Russian scientific and technical capacities under socialism were mainl
y concentrated in academic research institutes. Their human and incorp
orated assets are now threatened by two factors. lack of resources, af
fected by a weakened stale, and a structural disconnection from produc
tive capacities, inherited from the socialist system in which institut
es supplied their results to administrative bodies and had no direct r
elations with industry. Academic institutes are therefore undergoing d
ecline or profound restructuring. A new phenomenon appears in this con
text: the appearance of high-technology SMEs orbiting around academic
institutes. The link between these SMEs and institutes characterises a
creation mode specific to post-socialism and provides a promising alt
ernative to the institutes' decline. This analysis is based on surveys
conducted by the authors in institutes and emerging SMEs in a Siberia
n science city.