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Despite its extraordinary scientific capacity, a stated desire to be competitive and the availability of capital, it may take several generations before Russia's investment in innovation will bear fruit, a report by MIT on the country's role in global innovation shows.

Russia has many of the necessary elements to take its place next to the U.S. and China as one of the great developers of global technologies, said Jason Pontin, editor-in-chief of MIT's Technology Review, which conducted the research.

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