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US businesses show interest at Russian Innovation Week

September 26, 2013, 4:51 UTC+3

The Russian Innovation Week was unveiled in Boston on September 17 to move to the Silicon Valley until September 20

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NEW YORK, September 26 (Itar-Tass) - U.S. businesses’ growing interest in stronger cooperation with Russian companies and specialists was one of the main results of the Russian Innovation Week, director-general of the Russian Venture Company Igor Agamirzyan told Itar-Tass on Wednesday.

The Russian Innovation Week was unveiled in Boston on September 17 to move to the Santa Clara Valley also known as Silicon Valley in northern California until September 20. The event was organized by Russia’s state-run nanotechnologies corporation Rosnano, the Russian Venture Company and the Skolkovo innovation hub.

“I see a huge interest demonstrated by American investors and what is more important by U.S. companies in cooperation with engineering resources and technology specialists in Russia,” Agamirzyan said.

He noted that practically all large transnational corporations had opened their research and engineering centers in Russia, what “proves to be a great achievement.” “Through engineering centers corporations bring to Russia process management and quality development practices. Thus, they support the development of human capital in those areas, which are scarcely embraced by Russian companies.”

“The results should be summed up in the future, but in principle such events bring direct and indirect advantages,” Agamirzyan said. “In reality the main thing is that this forum provides opportunities to communicate, to get acquainted with each other and to evaluate significance of cooperation and interaction.”

“As a rule, relations and stronger personal contacts established during the forum sooner or later yield concrete results related to business, finances and investments,” he said.

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