1. Innovative technologies as a sphere for involving Russian and Western investors Jean-Louis Truel Managing Director company IBD Vice-President Cercle Kondratieff 22 May 2012

2. Justification for innovation policies in Russia The 2008 crisis highlighted the weaknesses of the Russian economy - Lack of national production in many industries - Large companies too focused on energy and raw materials - Lack of small and medium size companies : little entrepreneurial culture. - Insuficience of the financial system. - No valorisation of the scientific potential.. Issue at a national level – technological capability - as well as at a regional level – diversification.  Need to invent new tools for development ( “Modernisation”)

3. The Russian paradox : high R and D, low innovation SOURCE : OECD Factbook 2010: Economic, Environmental and Social Statistics - ISBN 92-64-08356-1 - © OECD 2010 Researchers Per thousand employed, full-time equivalent After a sharp decrese the number of searchers stabilzed to 450 000, one of the highest i n the world in absolute terms

4. SOURCE : OECD Factbook 2010: Economic, Environmental and Social Statistics - ISBN 92-64-08356-1 - © OECD 2010 R and D below OECD average Gross domestic expenditure on R&D, as a percentage of GDP

5. Good technology level does not result in concrete innovation Number of patents per million inhabitants, 2007 24th rank worldwide in absolute terms SOURCE : OECD Factbook 2010: Economic, Environmental and Social Statistics - ISBN 92-64-08356-1 - © OECD 2010

6. The missing link N ORMAL T ECHNOLOGY E NVIRONMENT 6 Time Technology maturity / market acceptance Technology S-Curve Basic Research Applied Research Entrepreneurs EarlyLateMid Private Equity IPOs Large Corporates Commoditization of Technology VC The missing link

7. C URRENT R USSIAN S ITUATION 7 Time Technology maturity / market acceptance The “Gap”:  Research not linked to market  Little early-stage financing or services  Result: little commercialization Basic Research Applied Research Entrepreneurs EarlyLateMid Private Equity IPOs Large Corporates Commoditization of Technology VC

8. Challenges For the Russian government, the modernisation project has two major components : a) Promotion of innovation and of technology breakthrough at the national level. b) Importation of technologies and equipemetns need to support the real economy.

9. Justification for innovation policies in Russia How to to it. New concept = mix between clusters, technoparks, special economic zones, Skolkovo…. Contradictory influences. Fiscal policies vs pro-active policies. Central policy vs policy at the regions’ level

10. Justification for innovation policies in Russia The current status : many initiatives. SEZ. Clusters. Technoparks. Skolkovo

11. Special Economic Zones in Russia 11 Technologies et innovation Industrielles Touristiques Portuaires Moscow

12. 12 T ECHNOLOGY CLUSTERS ( ENERGY, BIOMEDICAL, IT, SPACE, NUCLEAR ) WILL ENGAGE IN DEVELOPING NEW TECHNOLOGIES AND PRODUCTS Energy efficiency and energy saving incl. development of new energy technology Energy IT and software engineering IT Biotechnology and medical technology incl. development of medical drugs and equipment Biomedical Space technology in telecommunica tions and navigation systems Space Nuclear technology (assistance for special companies in this area) Nuclear Skokovo : 5 technology clusters

13. Skolkovo Ecosystem 13 Time Technology maturity / market acceptance Basic Research Applied Research Entrepreneurs EarlyLateMid Large Corporates Commoditization of Technology VC Virtual Skolkovo Skolkovo Institute of Science and Technology 5 Technology Clusters Technopark Key Partners City Infrastructure G OAL : “F ILL T HE G AP ” WITH T OOLS FOR E FFICIENT C OMMERCIALIZATION 6 C ORE E LEMENTS

14. Conclusion A real political will to modernize Coherent policy tools Foreign companies are part of this scheme Possibility of creating a new ecosystem  Windows of opportunities

15. 15 Спасибо за внимание