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MIL OSI Translation. Region: Russian Federation –

Source: Ministry of Economic Development (Russia) – An important disclaimer is located at the bottom of this article.

High-tech business helps to increase labor productivity, implement solutions related to AI, processing and storage of big data, and intelligent control systems in production. Strong demand allows technology companies to post revenues, wages and employment three times higher than the SME sector average. The Minister of Economic Development of the Russian Federation, Maxim Reshetnikov, stated this during the plenary session “Technology is the key to sovereignty” of the International Forum “Open Innovations”.

According to him, this is, in particular, the result of the implementation of the main directions of the technological agenda of recent years, the fulfillment of the tasks set by the President of Russia to achieve the technological sovereignty of the country.

“Over the past year, we have legislated the concept of a “small technology company.” To describe the sector, we created an MTK register – about 1,800 companies, which included those who received any of our support. In connection with this status, we are also adjusting support measures. All this allows the sector to actively develop,” said Maxim Reshetnikov.

Among such measures are a 2-fold increase in loan limits, an increase in the chances of receiving financing under the Bortnik Fund programs, and a reduction in the processing time for applications for registration of intellectual property (inventions, utility models, industrial designs).

In addition, the minister noted that to help investors and potential industrial partners find projects among MTK, a “Startup Showcase” has been created – a platform where you can get information about the company and understand how in demand it is in the market.

“The main thing is that we now see the entire sector and understand who we are helping,” emphasized Maxim Reshetnikov.

First Deputy Prime Minister of the Russian Federation Andrey Belousov also took part in the plenary session. In his speech, he touched on the prospects for the development of the global technological agenda. It, in particular, includes artificial intelligence, medical technology, component base and new computing methods, electric vehicles, and the creation of a low-orbit satellite constellation.

“All these areas are at the stage of economic development,” Andrey Belousov emphasized, adding that today the request for technology comes from large companies that have faced a paradigm shift in the global technological and scientific space and have paid attention to Russian technologies.

At the same time, competition should become one of the key factors in the development of the technology sector.

“Without competition, we will not create demand for new technologies from large and medium-sized companies,” emphasized Andrey Belousov.

Also taking part in the plenary session “Technology is the key to sovereignty” of the International Forum “Open Innovation” was the Special Representative of the President of the Russian Federation for Digital and Technological Development Dmitry Peskov, First Deputy Chairman of the Board of Sberbank PJSC Alexander Vedyakhin, President of Rostelecom PJSC Mikhail Oseevsky and others.

Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI News (multilanguage service)