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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.

Russian business appreciates the importance of technology, and investment in intellectual property is showing strong growth. In 2023, this figure amounted to 1.79 trillion rubles and increased by 24.5% compared to last year. This was stated by Deputy Minister of Economic Development of Russia Maxim Kolesnikov during the plenary session “Intellectual Economy: How to Turn an Idea into Capital” at the ERA IP conference, organized by Rospatent.

According to Maxim Kolesnikov, registration activity of companies and citizens is gradually increasing. In 2023, Russian applicants submitted more than 20.5 thousand applications for inventions to Rospatent, which is almost 9% more than in 2022. Another important indicator of business development is the registration of trademarks: the number of applications for 2023 increased by 36% and amounted to 123 thousand.

“Business is doing everything to introduce new brands to the market and fill vacated niches. And the main task is to unlock the potential of new directions, to provide companies with their own equipment, personnel, and intellectual property at each life cycle of technology development,” emphasized Maxim Kolesnikov.

One of the directions for solving this problem is the development of small and flexible “small technology companies” (STC). Today, there are more than 2,000 companies in the MTK register, almost half of them are already mass-producing and bringing to market technologies that are in demand in various sectors of the economy. At the same time, the commercialization of technologies is supported by the growth of intellectual assets.

“MTK has a significant amount of intellectual property. Today there are already over 600 inventions, 600 utility models, more than 36 thousand computer programs and 1800 industrial designs,” explained Maxim Kolesnikov.

Other solutions are being explored. For example, simplifying access to residency in Skolkovo, reducing a number of taxes following the example of the IT industry. It is also important to stimulate companies’ investments in R&D, the deputy minister added. The Ministry of Economic Development of Russia, together with Rospatent, is working on amendments to the legislation to reduce the tax base of companies for income tax on the purchase and creation of industrial intellectual property: for inventions, industrial designs, registered programs, databases, etc.

“The measure is focused on both demand and supply. The interest of companies in legal protection of their own developments, acquisition of rights to RIAs of market participants – scientific organizations, MTK and others will increase,” summed up Maxim Kolesnikov.

The head of the Federal Service for Intellectual Property, Yuri Zubov, in turn, also noted that today intellectual property is associated with technology.

“New technologies are a trigger and driver for economic development. They have been shaping the technological agenda and national security for a long time. It should be profitable to innovate in the country and grow your own brands. Loud slogans cannot force people to be creative. Motivation is not only fame, but also money. Authors of proprietary developments should receive a tangible percentage of the implementation or license sale. This is an incentive to create a high-quality invention with a high level of readiness,” said Yuri Zubov.

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.

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