First Day of “Open Innovations” Forum “CORPTECH: DNA OF THE CORPORATION OF THE FUTURE” Completes in Moscow

Digital transformation of business and development of corporations of the future became the key topic of the first day of Open Innovations Moscow International Forum. This year the Forum brought together at Skolkovo Technopark some 18,000 participants: internationally famous futurologists, professors of leading international business schools, technological evangelists and leading experts in management, managers of startup companies and IT entrepreneurs, more than 1,000 representatives of mass media.

Open Innovations 2017 Forum was opened by Vice Premier of the Government of the Russian Federation Arkady Dvorkovich and Viktor Vekselberg, President of the Skolkovo Foundation.

“Open Innovations presents an excellent networking opportunity for forum participants looking for investments. The Government is ready to support innovations, provide for sustainable growth and become a partner for the business community and the society,” Arkady Dvorkovich said.

In his introductory remarks at the first plenary session of the Forum, entitled “Companies in a digital era. Corporation or collaboration,” president of Skolkovo Foundation Viktor Vekselberg, said: “Over the past several years the Open Innovations Forum has earned itself a good reputation. Since 2016 the number of Forum participants grew from 12,000 to 18,000. Russia was and is today a very attractive platform for adoption of global solutions. Our country has a tremendous potential and excellent opportunities, and can serve as a competitive player in global economic space. Moreover, Open Innovations Forum is a great place for representatives of small and medium-sized business to do some networking and reach a new level of quality.”

The Forum opened with a panel discussion entitled “Transform or Die. A New Life of Old Industries,” moderated by Pekka Villakainen, Senior Advisor to the president of Skolkovo Foundation. The participants agreed that technologies along can help change business in a fundamental manner; it is especially important for large companies that will need to modernize business processes to remain afloat. Technologies, at the same time, should not remain the only focus, they should serve just as a way to achieve goals.

David Hanson, founder and CEO of Hanson Robotics, presented Sofia, a robot created by the company. The presentation was met with great enthusiasm. The Sofia project, Mr. Hanson said, is an attempt to create artificial intelligence that could learn to understand people and take care of them, as well as be motivated to improve life conditions on the planet Earth.

John Nosta, president of NostaLab, one of the most famous and active supporters of a digital revolution in the sphere of digital medical technologies, and the gospel-writer in this area of science, spoke at the session entitled “Digital Medicine Revolution.”

Digital technologies transform the habitual notion of medicine, expanding the capabilities of practicing physicians, and handing over some of the important health monitoring functions into their own hands, John Nosta said.

Mitio Kaku, a famous physicist and futurologist, became the headliner of the first day of the Forum, speaking at the panel discussion entitled “Applied Quantum Technologies. How is the World Changing?” in which he talked about the ways in which our life will change within the next few decades.

“Development of quantum computers will allow us to send our emotions and feelings via the web. The new internet will be a network connecting one human brain to another without intermediaries,” Mitio Kaku said.

Vice Premier Arkady Dvorkovich, who spoke at the panel discussion, said that the Government of the Russian Federation will be working on concrete projects in the sphere of quantum technologies, focusing on basic issues that highly qualified expertise can bring to fruition.

Skolkovo Technopark hosted MBA express, a mini lecture course. For 2 1/2 hours representatives of the Hong Kong University of Science and Technology (HKUST) Yan Xu and Xi Chang, as well as Jonas Hedman of the Copenhagen Business School, talked about the essence of innovative activities of large corporations, the future development of FinTech direction, and cash-free transactions.

Top mangers of major Russian and international companies discussed the working conditions of staff in modern open offices during the panel discussion entitled “Ping Pong for Billionnaires. What is the Setup of the Corporate Culture of Technological Giants?”

Timur Bekmambetov, a famous Russian film director and founder of BAZELEVS Film Company, introduced DREAM APP, a new reality show that was created to support startup companies. Specially invited star investors of the program were Timur Bekmambetov himself, actor Emmanuil Vitorgan, singer Valeria, producer Iosif Prigozhin and other media personalities.

German Klimenko, advisor to the President of the Russian Federation, speaking to the press at the Forum, discussed the problem of reducing numbers of jobs due to fast development of new technologies.

According to Mr. Klimenko, technological progress in general leads to an increase in the number of jobs requiring high qualifications. People will always find a job in such a gigantic country as Russia, he said.

The program of the Forum consisted of more than 60 sessions, and more than two dozens business contracts were signed. For instance, the IIDF and VEB Bank signed an agreement worth RUB 200 mln, on investments into StartTrack, the leading Russian collective financing platform. Another agreement worth RUB 100 mln concerned investments of the Gruzdev Family Foundation into IT I Skolkovo Venture Foundation.


Moscow | RBCC RussiaTALK Investment Forum at CCIRF, Thursday 2 November 2017

rbccThe Forum will be started off by His Royal Highness Prince Michael of Kent (Patron of RBCC), Sergei Katyrin (President, RF CCI), Roger Munnings (Chairman of the Board of Directors, RBCC), representatives of British Embassy and Russian government.
The Forum will be concluded by evening reception hosted by Her Britannic Majesty’s Ambassador to the Russian Federation, Dr Laurie Bristow CMG. The guests will enjoy an opportunity to celebrate Anglo-Russian relations and further cooperation at the Residence (14, Sofiyskaya emb.).


09:00–10:00: Registration
10:00–10:30: Welcome addresses:
Sergei Katyrin (President, RF CCI)
His Royal Highness Prince Michael of Kent (Patron of RBCC)
Roger Munnings (Chairman of the Board of Directors, RBCC)
Alexander Shokhin (President, Russia Union of Industrialists and Entrepreneurs)
10:30–10:45: Blitz-interview on the productivity in the financial sector (Stuart Lawson)
10:20–11:50: First panel: Tools to improve productivity

Economic outlook of the productivity challenge by the World Bank’s representative
Productivity of SMEs
PPP programs
Opportunities for Anglo-Russian trade cooperation
Investment optimisation
Digitalisation and brand promotion opportunities
11:50–12:10: Coffee Break
12:10–13:40: Second panel: How Russia is using local and foreign experience to create leading products?


Investment and innovation in enhancing productivity capacity
Transportation and logistics as a key feature to productivity
Productivity of Oil & Gaz sector with regard to challenges of sanctions
Biotech, chemichals, forestry and other industries
13:40–15:00: Lunch

Contact details: +7 495 961-2160



vebFrom 25 to 26 September, the first conference of Vnesheconombank’s regional managers was held. The conference brought together managers from 16 Russia’s regions, who had been selected via a multi-stage selection procedure, as well as industry and government officers.

In anticipation of the conference, regional managers from 13 regions submitted 28 projects to VEB to choose from. 16 of the projects that were offered for sectors such as infrastructure, power generation, defence industry diversification, pharmaceuticals, aviation and polymer chemistry meet the Bank’s strategy. The project selection panel consisting of Vnesheconombank’s top mangers shortlisted five best projects. The winner was Chernyakhovsk land port construction project by Oleg Skvortsov, Deputy General Director of Kaliningrad Region Development Corporation.

The opening speaker was Alexey Ivanchenko, Vnesheconombank’s Deputy Chairman and Member of the Management Board. In his welcome address, Mr. Ivanchenko said: “Vnesheconombank is implementing a new approach to searching for and selecting investment projects for the Bank’s loan portfolio via a nation-wide network of its representatives that is now being created. We have appointed 25 regional managers in 16 Russia’s constituent regions. In November, we are planning to complete our work in the rest of the regions and to start implementing our initiative all across the country. Regional managers will select projects requiring more than RUB1bn funding with an implementation period of five years or longer that meet new Vnesheconombank’s priorities as well as projects for the Project Finance Factory.

Svetlana Chupsheva, General Director of the Agency for Strategic Initiatives (ASI), told about ASI’s regional initiatives. “Our objective is to find leaders, ‘stars’ in the regions who will compete such payers as Uber or Amazon. VEB’s regional managers will help find and develop such leaders,” Mrs. Chupsheva noted in her speech.

Among the keynote speakers was also Alexey Repik, President of Business Russia, who spoke about business in regions with a focus on challenges in finding and implementing investment projects. In his speech, he stressed how important the work of VEB’s regional managers is. “VEB’s regional managers will help reduce the existing gap and overcome the lack of understanding between regional businesses and the central federal authorities.”

Anton Alikhanov, Governor of the Kaliningrad Region, talked about the regional investment policy and expectations they have about Vnesheconombank’s regional managers. “We are really thankful to VEB for its sending representatives to regions. This will enable more efficient investment and will help reduce gaps between regions,” Mr. Alikhanov said.

Alla Zavodina, a winner in the regional manager selection, Investment Director of the Novgorod Region Development Agency, shared her plans: “The Novgorod Region is quite attractive for investors. That is why the presence of VEB’s qualified certified managers who speak the same language with investors and are able to prepare all the documents required to apply for funding will be an important competitive advantage for the region. I believe that keeping people informed about VEB’s programmes is a really important mission for me. Because the lack of information impedes development and results in the lack of confidence among investors.

During the conference, Vnesheconombank signed contracts with 25 regional managers, who were also officially awarded honour certificates. Thus, the regional managers have become official representatives of Vnesheconombank in 16 Russian constituent regions.


Representatives of the Trade Delegation of Russia in the United Kingdom attended The Flood Expo – 2017

IMG_3664-1Flood 1Representatives of the Trade Delegation of Russia in the United Kingdom attended The Flood Expo – 2017 with co-located The Marine & Coastal Civil Engineering Expo (M&CCE Expo) and The Contamination Expo which took place on September 27-28 at London’s ExCel.
The event is the largest exhibition and the conference in the UK dedicated to showcasing the latest innovations in the detection, management, testing and removal of contamination, flood protection and the solutions for marine and coastal civil engineering projects.
The key event of the show consisted of 9 stages which provided a space for representatives from UN Climate Change, EDFHinkleyPointC, ARUP, Fugro, The Met Office, The Environment Agency, MoD and for 100 other speakers to discuss the problems, solutions, innovations, and technologies of the industry with the thousands of professional visitors.
Throughout the two days over 200 exhibitors unveiled their latest innovations and provided invaluable insight and one-on-one advice to all that need to stay up-to-date and on top of the profession.

Registration is open for IV International Agricultural Dairy Forum November 8-9, 2017

dairy forumIV International Agricultural Dairy Forum organized by the Government of the Moscow Region with support of the Ministry of Agriculture of the Russian Federation will take place in the House of Government of the Moscow Region, November 8-9
Main topics of the Forum in 2017 are the dairy industry’s common challenges and development strategies in today’s world. Representatives of Russian authorities, industry alliances, business communities and foreign guests will discuss a wide range of issues related to the development of the dairy industry in Russia and around the world.
Speakers and Forum participants will summarize the preliminary results of three years of sanctions in the dairy industry and assess the feasibility of electronic veterinary certification and the requirements of the Customs Union. Within the Forum’s sections and round tables discussions will be held on the structure of state support for the industry and countermeasures for falsification in the dairy industry.
The business program of the Forum will also include topics related to the development of the world dairy market, a reduction in demand for dairy products, the role of business and cooperation in the production of milk. Cluster solutions in the dairy industry will be a separate topic of the Forum.
On the platform of the Forum will take place an exhibition with presentation of dairy products, industrial equipment, and results of the investment projects related to dairy industry in Moscow Region.
To participate in the Forum, you need to go through the registration procedure at Participation in the Forum is free of charge.

Official website:

Representatives of the Trade Delegation of Russia in the UK attended The TCT Show-2017

IMG_3634riyazRepresentatives of the Trade Delegation of Russia in the UK attended The TCT Show-2017 which took place on September 26-28 at Birmingham’s NEC. The event presented unique opportunities for 12000 visitors from over 60 countries and more than 300 exhibitors to gain insight and advice from leading experts across 3D printing industry on building sustainable businesses.
One of the key events at the TCT Show-2017 was The Start Up Zone introducing the latest and most promising start-ups to enter the industry. With exhibitors coming from the UK, France, Germany, Spain and the USA, the 2017 Start Up Zone became a global platform for dynamic new businesses to unveil their innovations to the 3D Printing market.
The Main stage of the show provided a space for thought leaders and respected industry figures to deliver insights, information and updates that will be beneficial to business. Quick-fire presentations highlighting the most innovative ideas, technologies and processes conducive to efficiency, productivity and success took place at the Tech stage.
The new ZMorph VX Multitool 3D printer was launched at the TCT Show 2017. The 3D printer can also be used with a CNC milling toolhead, a laser toolhead, dual extruder or thick paste extruder. The VX marks a shift from earlier versions with an improved quality of components used and a renewed focus on the 3D printing element of the machine.
One of the key 3D printing trends in 2017 is the increasing number of 3D printers capable of working with materials such as PEEK and PEI/ULTEM like the INTAMSYS FUNMAT HT displayed at the show. The FUNMAT HT extruder can operate at temperatures to 450°C in a constant temperature build chamber of 90°C.

Other forthcoming products on display included a prototype from SLA resin manufacturer PhotoCentric. The Maximus 3D printer uses a 40 inch, 4K LCD TV screen as the light source and currently priced below £10,000 will be available in the Q1 2018. The Maximus 3D printer will have a build area of 490x880x700mm and has a build volume of 300 cm3.

The Ministry of Economic Development presented the Q2 2017 Russian regions ranking for management of the one-stop-shop public services

mfcThe ranking results were announced by Russian Economic Minister Maxim Oreshkin at the Russian Forum for Government and Municipal Service Multifunctional Centers (MFC) held in Svetlogorsk (Kaliningrad Region).

The regions were evaluated on the basis of multiple indicators, including the percentage of their inhabitants who have access to one-stop-shop government and municipal services, the number of services in the mandatory list that are rendered through MFCs, compliance with the rules of MFC management and the single corporate identity, etc. The information and analytical system for monitoring the quality of public services (IAS MQPS) used by regions to evaluate the quality of MFC service delivery was also taken into account during ranking.

In the final ranking, all regions of the Russian Federation were divided into four levels, from a higher downwards to a lower position. 53 regions demonstrated a higher performance management of the MFC network having scored more than 80 points out of the possible 100, during the ranking.

The Voronezh Region is at the top among the leading regions with the highest scores, the head of the Russian Ministry of Economic Development said.

“This demonstrates the region’s systemic approach. Our colleagues there keep up with continuous advance and improvement and this deserves the highest praise,” said Maxim Oreshkin.

The high-scored regions also include the Republic of Dagestan, the Primorsky Territory, the Lipetsk Region, and the Republic of Sakha (Yakutia).

Four regions which have scored less than 55 points, such as the Republic of North Ossetia-Alania, the Karachay-Cherkess Republic, the Pskov Region, and the Republic of Crimea, are at the bottom.

“Their regional authorities need to take comprehensive measures to remedy the situation,” said Oreshkin.

Measures taken by the higher executive branch agencies in the Russian regions to manage one-stop-shop government and municipal services rendered via MFCs are quarterly evaluated by the Ministry following the Decision of the Governmental Commission for Administrative Reform dd. September 9, 2014. The evaluation shows that the executive branch agencies responsible for the implementation of the MFC network project across the Russian regions demonstrate high performance, meet the targets set out by Presidential Executive Order No. 601 dd. May 7, 2012, and comply with the applicable laws governing MFC activities.

However, when giving his talk at the Russian MFC Forum, Maxim Oreshkin noted that the Ministry of Economic Development planed to improve the ranking methodology in the future, since the ranking did not always reflect the applicants’ credits and focus on their needs.

“The Moscow agglomeration is a good example. Although it is ranked high in the region ranking, technically, it is not among the absolute top leaders. In many ways, it is the most advanced region in terms of MFC service management. My Document centers in Moscow are popular with the citizens, with queue times not exceeding 15 minutes,” stated the Minister.

Another path for improving the ranking is to increase the reliability of the data used during the ranking.

“We plan to start analyzing the data that will be collected in an automated mode directly from MFC information systems from as early as December. It will include verified information about operating MFCs and their boxes, the quantity and composition of services provided as well as queue times,” explained Oreshkin.


Russia moves five places in WEF’s Global Competitiveness Report

image_31Russia was ranked 38th among the 138 countries surveyed in the World Economic Forum’s Global Competitiveness Report published on September 26, moving up five places and “rebounding strongly from the 2015–16 recession”. This made a faster advance than moving up by only 2 places in 2016.
In a separate ranking, for the World Bank’s Doing Business 2016 report, President Vladimir Putin has set a target for Russia to be in the top 20 best countries to do business in by 2018. When Putin set this goal Russia was ranked 121 but in last year’s ranking in 2016 it narrowly missed taking the 51st slot among 189 countries after climbing 11 places in the previous year.
The latest Global Competitiveness Report notes that despite the progress, Russia’s economy remains highly dependent on mineral exports and its prospects remain uncertain.
The weak links in Russian economy include the financial market (ranked 107th), in particular the banking sector, the report said, joining Fitch Ratings and Standard & Poor’s in their concerns over banking stability and the cost of the ongoing banking sector clean-up.
Other weak categories include aspects of institutional quality such as property rights (106th), judicial independence (90th), and corruption, which remains one of the most problematic factors for doing business.
“Russia has passed new laws to increase the minimum wage (2015) and protect temporary employment (2016), which have lowered labor market flexibility (75th, down 18 places),” the report also notes, while admitting that this “may have a beneficial overall effect by restoring domestic purchasing power.
Compared to last year’s survey, the macroeconomic environment improved the most (50th position), with Russia traditionally scoring strongly in market size (6th place), higher education and training (32nd), and infrastructure (35th).
Another international rating, the 2017 Economic Freedom Index compiled by the Heritage Foundation in February, placed Russia at the 114th position in the ‘Mostly Unfree’ category (countries from 93rd to 157th rank) with a score of 57.1 of 100.
Although compared with last year’s survey Russia’s score gained 6.5pp, the report by the conservative US think tank commented that the country’s economy is “severely hampered by blatant disdain for the rule of law and for the concept of limited government”.


Russia’s mobile economy at 4% of GDP to outgrow agriculture, insurance

3D mobile phones around a world globeThe contribution of mobile economy to Russia’s GDP was RUB3.2 trillion or 3.8% of GDP, Vedomosti daily said on September 25 citing a report by Russian Association of Electronic Communication (RAEC), OC&C researcher, and Google.
This is already on par with such sectors of the economy as water and gas utilities (3.1% of GDP), education (2.6%), accommodation and catering (0.8% of GDP). Report authors argue that by 2021 the mobile economy contribution to the GDP will grow to 4.7%, beating such major industries and agriculture and insurance.
The mobile economy is defined in the report as all services based on mobile telephony and mobile data, including traditional telecom services, applications, and online commerce.
The share of the telecom and internet providers in the segment is high at 65%, but is projected to decline to about 58% by 2021. Mobile penetration in Russia is estimated at 178%, while mobile users are active in various application-based services, commerce, and social media.
While mobile data traffic is 10 times cheaper in Russia than in the US and three times cheaper than in Germany, Russia is the fifth country in the world in terms of applications downloaded.
In the meantime in 2016 alone about 1.2mn people were employed in the mobile industry, with another 0.43mn jobs to be created in the segment in the next five years.
Previously Russian internet services major Yandex clashed with Google that began to beat the local company through better penetration on mobile devices. After a lengthy lawsuit Google had to comply with the ruling of Russia’s anti-monopoly watchdog forcing it to unbundle its services on Android devices.
According to another study by the Russian Post and the Association of Internet Trade Companies (AITC), Russia’s e-commerce market grew by 22% year-on-year to RUB498bn ($8.6bn) in January-June 2017.
AITC believes the e-commerce market will top RUB1.1 trillion ($19.1bn) by the end of 2017. The share of cross-border trade online free of tax amounted to RUB178bn or 35.7% of total market. Out of that, the shipments of Russian Post (Pochta Rossii) accounted for 67.5%.


AstraZeneca invests in Russia

astrazeneca-plantAstraZeneca, an international biopharmaceutical company, announced that it obtained the approval of inter-agency commission for the conclusion of a special-purpose investment contract (SPIC).
Under SPIC, AstraZeneca will invest an additional 1 billion rubles in upgrading and organizing the Russian production facilities to manufacture innovative drugs with no analogs in Russia for the treatment of socially important diseases. The portfolio includes 4 cancer drugs, 3 medicines for the treatment of cardiovascular diseases, a medication for the treatment of bronchial asthma, an innovative hypoglycemic drug, and a medicine for the treatment of gastrointestinal tract diseases. SPIC will come into force after its signing and will be effective for 10 years. The company has become the first in the pharmaceutical market to obtain the approval from inter-agency commission.
Pascal Soriot, Chief Executive Officer of AstraZeneca, said, “Russia is an important market for AstraZeneca. We want to expand the access of patients to our innovative drugs by localizing their manufacturing. The special-purpose investment contract is a very important step along this path. The approval of SPIC is the result of productive dialog between the relevant agencies and AstraZeneca, which serves as a guarantee for expanding the investments in Russia to the benefit of Russian patients and the public in general.”