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LOS ANGELES, March 29 (Itar-Tass) — The Global Technology Symposium kicked off Wednesday in the Silicon Valley under the auspices of the Russia Day. The organisers of the forum that is held in Menlo Park (CA) told Itar-Tass that the first day of the event is devoted to innovation in Russia, the further development of dialogue and multilateral cooperation in this sphere and the exchange of experience. The forum is held in the heart of the Silicon Valley for the 9th time, its theme this year is “Entrepreneurship and the Global World.”
Russia has plenty of various capabilities in terms of innovation, the symposium is an invaluable platform for the opening up and understanding of the potential of the market, its research, the symposium’s organising committee said.
This year Russia is represented by specialists of the Skolkovo Foundation, RUSNANO (Russian Nanotechnology Corporation) delegation and pharmaceutical companies. Taking part in the forum the leading businessmen of the American Silicon Valley, Brazil, China and India.
The symposium is traditionally held in the form of informal discussions. Its participants’ attention is drawn to the differences between innovation centres in Russia, Brazil, China and India. Among other interesting points there are technological trends that come to replace alternative energy sources and social networks, the commercialisation of research projects, professional analysis of the elements of the innovation system - from a businessman and venture capital to educational centres and development institutions.
The Global Technology Symposium originated from the Russian-American forum that was founded in 2004. During the first two years Russia’s delegates dominated, then Indian and Chinese, which were replaced by the US and, finally, again, by Russian delegates. The symposium is the leading one among such meetings devoted to issues of venture capital and commercialisation projects in emerging markets. Over 300 delegates are involved in its work.