Putin discusses Russia’s economy growth with ministersBusiness & Economy September 24, 2:38
Lavrov warns against partition of SyriaRussian Politics & Diplomacy September 23, 0:00
Lavrov calls to coordinate Russian, US military action in SyriaRussian Politics & Diplomacy September 22, 21:05
Lavrov blames Obama administration for souring Russia-US tiesRussian Politics & Diplomacy September 22, 20:41
Waging war on Korean Peninsula inadmissible, says LavrovRussian Politics & Diplomacy September 22, 20:36
Russian Northern Fleet completes drills in ArcticMilitary & Defense September 22, 18:01
OPEC and non-OPEC countries to continue talks on oil production cut dealBusiness & Economy September 22, 17:28
Russian pair figure skaters Kavaguti, Smirnov retire from sportSport September 22, 16:48
Record number of delegations register for St. Petersburg-hosted IPU AssemblyRussian Politics & Diplomacy September 22, 16:47
Investments in R&D and innovations lay the ground for steady growth of national economies and business competitiveness. In the West, substantial funds for technology development are contributed by private investors, while in Russia the leading role belongs to the Government so far. Another pressing problem for the Russian economy is efficient transfer of technology, i.e. its commercialisation and practical application in the industry and other areas.
The top five countries by the amount of investment in R&D are the US, China, Japan, Germany and South Korea (UNESCO Institute for Statistics).
In most countries, the bulk of financing for new developments comes from the corporate segment.
Experts of the Federal Research Centre for Projects Evaluation and Consulting Services under the Russian Ministry of Education and Science point out that the main challenge Russia is facing is not so much “production” of new knowledge as its commercialisation. They mention the following issues:
As a result, the Russian economy is often forced to borrow foreign technology instead of using its own developments.
However, measures have been taken recently to improve the situation. Technology parks are being opened at universities, large research centres, tech cities and restricted-access cities.