VERSIONS: روسيا اليوم NOTICIAS FREEVIDEO ИНОТВ RTД RSS
breakingnews
Go to main page   Business   News   Government encouraging innovative business growth   Comments  
MORE ON THE STORY
19.05.2010, 11:44 4 comments

Russia looking to avoid worst of economic downturn

A volatile Eurozone sees Russia with almost no exposure to national debt, but with markets pricing in a wider contagion, Russia would be affected by a return to recession.

18.05.2010, 12:31

Vozrozhdenie Bank posts 1Q 2010 net profit of 97 million roubles

Russian bank, Vozrozhdenie Bank, has posted a 1Q 2010 net profit of 97 million roubles under IFRS.

17.05.2010, 14:33

Russia to expand on global grain market

Russia is planning to expand its presence on the global grain market amidst forecasts for little significant growth in domestic consumption.

Photo by Vasily Privalov 28.09.2009, 18:22 4 comments

Road funding to get private sector push along with pension backing

Funding for Russia’s road networks has been trimmed back from original plans with the government now looking to get increased private investment.

19.11.2009, 20:29 2 comments

PPP puts toll roads into overdrive

Road construction once helped drive the United States out of the great depression. Now the development of toll roads with public private partnerships is helping Russia’s economic rebound.

RIA Novosti Photo 25.12.2009, 18:28 2 comments

Medvedev calls for R&D boost

Russian President Dmitry Medvedev chaired his final 2009 meeting on the modernization of Russia's economy, calling for companies to boost their investment in research and attract foreign expertise.

15.09.2009, 10:18 1 comment

PPP to become key part of development mix

Greater co-operation between the state and private investors is seen as one of the post-crisis scenarios. But the Russian government says public-private partnerships should focus on socially important projects.

11.01.2010, 12:32

Bumpy ride on Russian roads as private funding sought

Public private partnerships in road construction are seen by some experts as a solution for an old misery - the notoriously bad Russian roads. But the road ahead isn't getting any easier.

04.06.2009, 12:30

Cash generator in St. Petersburg

Billions of dollars worth of deals are to be hammered out at an annual forum in Russia's second city. Foreign direct investment and global security will be key discussion points at the St. Petersburg Economic Forum.

15.09.2009, 21:17

Government expects privatised electricity generators to stand by commitments

The government doesn’t expect electricity demand to return to pre-crisis levels until 2012, but is demanding private power generators start meeting their promises to build new capacity.

Government encouraging innovative business growth

Published: 19 May, 2010, 13:41
Edited: 20 May, 2010, 10:18


The government has raised its financial support of the small and medium size business sector 16 times in the last 5 years and is looking to boost innovative entrepreneurship.

 
1 COMMENT
Count Cash May 19, 2010, 16:11 quote
0

Absolutely spot on. The current definition of innovation is completely wrong. IP is a business protection and the creation of a possible saleable or litigation asset. Uniqueness CAN be a great opportunity and allow for big market share. Both of these things can be great to have, the first is a big plus the second can be a plus and a minus, depending on the circumstance. Now we need step back here - what we want is lots of competitive businesses on the world stage, this matters not just externally, but internally too. This is because our stage will become part of the world stage in the end. At the moment we have lots of 'copy' businesses, that in honesty, to a large extent could not compete on the world stage, against more efficient business cultures. We therefore must foster an attitude through education and controlled exposure, to allow these to improve and improve to come up to world standards and then hopefully surpass them in some cases. Each step on this path is an innovation for these business, and they will do it faster with the life of business (Cash) So lets change our definition of innovation, to cover any innovative step for a business itself, assessing each investment on a return on investment basis. So if a business tries to do something new, but will not return increased revenew, profitability, market share ... then even if new we don't back it. Each case is on its merit. Yes the old corruption, rears its head again, but there will be corruption, the trick is to put the right people in the right places, business leaders commited to success and the profits from it We need a portfolio here, the 'copy' small businesses are flourishing, they need protection, support and time, open them straight up with shock treatment to the world market, and Russian companies won't exist. Then we need small and media high techs and then large corporates. Don't limit innovation, let it happen. The market and the people need generate it.

POST COMMENT

By posting your comment, you agree to abide by our posting rules


CAPTCHA image