As an ever greater number of foreign companies are investing in the Russian innovation and new technology sector, economic modernization was central on the agenda of the Russian Business Week Forum and the Global Innovation Partnership Forum which took place in Moscow this week.
Russia’s state-run companies, often criticized for being slow in Russia and abroad, lead in innovation spending. Nearly one third of non-budgetary financing for research and design projects is channeled to state-run corporations, such as Gazprom, Russian Railways and United Aircraft Building Corporation. Deputy Prime Minister Sergei Ivanov said this as he addressed the Russian Business Week Forum in Moscow.
To read the full, original article click on this link: Russian businesses invest in innovation: Voice of Russia
Author: Vesnovskaya Maria
