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MOSCOW CREATES GOOD OPTIONS FOR DEVELOPING INNOVATIONS

Those were the words of Moscow deputy mayor for economic issues Andrey Sharonov in his speech at the Forum «Global innovation partnerships 2012» held in Moscow on October 2-4, 2012.

«Since this year, by mayor’s decision, each state customer has to buy at least 5% innovative products. Thus, we use demand on the part of Moscow budget as a generator of innovative proposals», — he said addressing investors from APR countries.

Moscow deputy mayor remarked that all procurement procedures are open, and businesses all over the world, not only those in Moscow, may participate in them.

The official reminded that the budget of the Russian capital is about $50 bln, and gross regional product exceeds $300 bln.

«Moscow’s yearly goods turnover purchased through tender procedures exceeds $20 bln,» — he added.

Mr. Sharonov noted that the Russian capital possesses a number of advantages that make it very attractive for investments in innovative sector of economy.

«This is related to availability of a high number of scientific and research, as well as educational institutions. Besides, Moscow government pays particular attention to establishment of innovative infrastructure. We have a special economic area — Zelenograd, we have Moscow Seed Fund, technoparks, innovative development institutions. All these initiatives generate positive environment for innovators», — said A.Sharonov.

Participants of «Global Innovation Partnerships 2012» Forum (GIP — 2012) are about 30 representatives of venture funds and investor associations from Hong-Kong, China and Republic of Korea. Among them: CITIC Capital Holding; SAIF Partners; CDH Investments; Northern Light Venture Capital; Shenzhen Capital Group Co., Ltd; Sequoia Capital China; China Venture Capital and Private Equity Association; STIC Investments and Korean Venture Capital Association. They manage funds exceeding $800 bln dollars. Forum is organized by RUSNANO, RVC and the Skolkovo Foundation. The goal of the Forum is to assess perspectives of investments in Russian high-tech projects.

First Forum in 2010 visited American partners in venture investments and innovations; the second one in 2011 attracted European colleagues. These visits resulted in hi-tech investment projects of more than $1bln.


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