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  • Russia has entered into the top five European countries for startup investments in the hi-tech sector according to Dow Jones Venture Source

Russia has entered into the top five European countries for startup investments in the hi-tech sector according to Dow Jones Venture Source

Russian Prime Minister Dmitriy Medvedev during an appearance in the State Duma gave a report on the results of the development of domestic science in 2012.  

 

According to him, efforts must be concentrated in promising trends - nano-industry, information-telecommunication systems, and hi-tech engineering in natural resources and energy. “In 2012 as part of the federal special-purpose programs, 31 world-class technologies were developed, and more than 800 patents were created.  Although here, of course, we still greatly lag behind. In the sphere of patenting it is necessary for us to introduce measures so that all of our intellectual developments and intellectual property will obtain patent protection, because we know that it occurs often that they are used by our competitors without state or patent holder protection.”

 

Medvedev noted that the federal budget has allocated an additional 2 billion rubles to the Russian Basic Research Fund and another 500 million to the Russian humanitarian scientific fund. “By 2018 we must be at the level of 25 billion rubles of government financing to state scientific funds.”

 

Also according to Medvedev the government has done extensive work on the formation of development institutes in recent years. The total volume of financing has been about 500 billion rubles.

 

“We must be concentrated on the use of applied ideas and necessary infrastructure in order to ensure the continuous operation of increasing our innovation capacity.  Specific reserves for this have been created. VneshEconomBank has financed 47 projects directed toward innovation development. This is good because nothing can be developed without financing. The total cost of this financing will total 758 billion rub. In general  the portion of innovation projects in the portfolio already composes practically a third.  Rosnano has approved the order of 120 investment projects with the total budget of more than 515 billion rubles in collaboration with Russian venture companies and their branch funds.”

 

“In the innovation center Skolkovo 850 participants are registered. Among the key partners are some of the most important global companies which deal with innovation, this is very important”, emphasized Medvedev and he added that “on one of the most authoritative studies – Dow Jones Venture Source - Russia has entered into the top five European countries for startup investments in the hi-tech sector.”

 

Medvedev also described the fact that the state subsidizes research and developments, which our Institutes of Higher Education use in order to conduct new research. “In three years the volume of these subsidies totaled 19 billion rubles, and this support will be continued.  9 billion rubles have been allocated for the development of innovation infrastructure: for the creation of engineering centers, business- incubators, training of administrative personnel for small businesses.  Special grants have been founded in order to attract authoritative world scientists into Russian Institutes of Higher Education.  A promising trend has been the creation of regional innovation hubs. 13 regions will obtain money from the federal budget for the development of such hubs.  Naturally, this development must not only go into certain regions or one place, but will be extended throughout the entire country, especially keeping in mind the distribution of our traditional centers of scientific strength.”

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