Industry, Science and Technology Minister Outlines Priorities
Dec 25, 2002
Moscow, December 20, 2002 -- Russian Minister of Industry, Science and Technology Ilya Klebanov met with a group of approximately 70 AmCham members at a breakfast forum this morning at the Le Royal Meridien National Hotel to talk about the creation and development of the venture industry and financing in Russia.
Minister Klebanov outlined the main directions of the Ministry's work over the next few years. He said the priorities will be to create a normative legal base to accelerate the development of industry and technology, as well as a comprehensive structure to support the development of innovative small innovative businesses. The SME support structures will include techno parks and business incubators.
The Ministry is already discussing the joint creation of several of these support structures with other countries, noting China and India in particular.
Three sectors have been identified by the Ministry as key to the development of Russia's economy: forestry, automotive and metallurgy. A project has been put in place to develop these over the next 10 years. Minister Klebanov said that the aviation and aerospace sectors will also receive special attention, noting that the Ministry needs to do what it can to ensure that Russia remains a player in the sector and on the market.
The Ministry organized a Venture Fair earlier this month in St. Petersburg, with approximately 500 Russian and foreign participants. According to Minister Klebanov, several hi-tech companies and organizations with perspective projects entered into negotiations with venture funds as a result.
The breakfast was sponsored by Boeing.
Minister Klebanov outlined the main directions of the Ministry's work over the next few years. He said the priorities will be to create a normative legal base to accelerate the development of industry and technology, as well as a comprehensive structure to support the development of innovative small innovative businesses. The SME support structures will include techno parks and business incubators.
The Ministry is already discussing the joint creation of several of these support structures with other countries, noting China and India in particular.
Three sectors have been identified by the Ministry as key to the development of Russia's economy: forestry, automotive and metallurgy. A project has been put in place to develop these over the next 10 years. Minister Klebanov said that the aviation and aerospace sectors will also receive special attention, noting that the Ministry needs to do what it can to ensure that Russia remains a player in the sector and on the market.
The Ministry organized a Venture Fair earlier this month in St. Petersburg, with approximately 500 Russian and foreign participants. According to Minister Klebanov, several hi-tech companies and organizations with perspective projects entered into negotiations with venture funds as a result.
The breakfast was sponsored by Boeing.