Actualy we don't want a business and research culture which funnels money directly into VC hands or is misused to derisk their business. We also do not want predefined clostrophoebic strata that removes a full sustainable portfolio to be followed. What we need is the R&D funding, pumped back up above 2% of GDP with associated correct organisation, which includes financial and value management,IP protection and efficient knowledge transfer to industry. What we also then need is freedom for the persuit of innovation, wherever it may lead, by whomever has the where with all to come up with it. There should be no imposition of Russia within a global value chain, as is propsed in the article. Instead we should define our key focal sectors, as we have, and then let things naturally develop, without limits, except for the single controlling factor of strategic self sufficiency. Basically making sure we can go anywhere and never become totally dependent on others. The VCs have to do a proper job of assessing and funding opportunities to make them happen, they must not and cannot expect the state to do this for them, for them to reap the profits without the associated risk. The states job is to create the R&D backbone, not do the VCs job!

@Count Cash I got an impression that both of you are talking about same things but have just different perceptions of the problem. What is true that Russia has a great R&D potential, lot's of achievements never the less existing system is not able to commercialism most of it. ?You can built stealth jet fighter or most advanced subs in the world but try to find any Russian commercial product in USA or EU. Solar panels? TV? microelctronics? SW (ok Kaspersky but what's more?) any advanced applied materials? what? Did you see any websites of Russian companies? it mainly looks like students' job from 90'. IMO thesis of this article is present one opinion about possible solution. Yo ugave your view. Mine is something in between - founding of R&D shall be around 4-5% of GDP regardless if military, civil or space programs. But this requires business system effectively implementing this results into products, services. What kind of system shall be? German? Anglo-Saxon? French? or Chinese/Korean? Just take best practices not reinvent the wheel. And run run fast ;-) P.S. I am afraid that only both of us read article and nobodyd in govt will ever read discussion or this news...