Government fund of funds
Development institute of the Russian Federation

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Open Innovations Hold a Dialogue between Government and Business on Measures to Support Technology Companies

22.10.2019

Discussion “NTI Kit. What kind of support do technology companies need?”, Organized by RVC, was dedicated to finding the most effective formats for government support for high-tech businesses.

Randip Sudan, a former World Bank Digital Development Practitioner, the founder of Singapore-based Multiverz start-up, shared examples of government support for innovative businesses around the world.

“In Singapore, there is a state supported program“ Inventory of Problems” — the most urgent technological tasks are being selected and solutions are being sought. Up to hundreds of companies can participate in this process. The fastest in this program is developing financial technology. A unified information service has been created in South Korea — an access point to data arrays by the state and private companies. France has an international search for technological talent. A foreign specialist, who is vital to the French development team, can quickly acquire the country's citizenship. Actually, the correct setting of tasks, transparency of information and the search for talent are the main conditions for the development of an innovative business,” the expert noted.

The tools for supporting Russian companies within the framework of the National Technology Initiative were described by RVC Director General Alexander Povalko and Director General of the Innovation Support Fund Sergey Polyakov.

“For us, priority is given to working with medium-sized technology companies that have experience in introducing new products to global markets. The national technology initiative involves the formation of a galaxy of global players with Russian roots. We adjusted the support programs, relying on the R&D component, as well as on the development of new products of already established companies — assistance in export initiatives, in finalizing products, in developing strategies, and in marketing. We also have an excellent tool, the TechUspekh national rating, as a means of searching and selecting interested companies and attracting them to the implementation of NTI roadmaps,” said Alexander Povalko.

“This year, the budget of the Innovation Support Fund has grown by 4.5 billion roubles due to participation in two national projects — “Digital Economy” and “Small and Medium-sized Enterprises and Support for Individual Entrepreneurship Initiatives”. Therefore, the line of research support products and breakthrough projects aimed at the NTI markets and companies engaged in the production of innovative products was expanded. About 600 companies received subsidies, which allowed them to significantly increase their output. The total amount of allocated monetary funds amounted to 8 billion roubles, the production volume grew by 80 billion roubles,” commented Sergey Polyakov.

Representatives of the ministries also spoke about the support measures that federal authorities offer entrepreneurs and investors in technology projects.

Oksana Tarasenko, Deputy Minister of Economic Development of the Russian Federation:

“We are developing programs to implement career opportunities and build infrastructure that will help to return Russian technology experts who have gone abroad back to their homeland. In addition, a facilitated visa regime should be created for foreign specialists coming to work in Russia. Universities will create zones of comfortable living and work for them.”

Vasily Osmakov, Deputy Minister of Industry and Trade of the Russian Federation: 

“In August, a law was adopted that changed the way investors and authorities work within the framework of special investment contracts — SPIC 2.0. All restrictions on the volumes of financing of projects were removed from it, a unified technological policy was prescribed in relation to projects participating in SPIK 2.0.”

Grigory Trubnikov, First Deputy Minister of Science and Higher Education of the Russian Federation:

“I want to note the productive cooperation with RVC. Everything that we do in the NTI comes through, and our main result is a growing army of people with burning eyes who want to create innovative companies.”

Business representatives who spoke at the end of the discussion spoke about what should be changed in the existing infrastructure of state support. For example, to allocate quotas to Russian companies for their products, as well as move from R&D support to market regulation.



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