A socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and sporting, public, and cultural events.

The Roscongress Foundation – a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and sporting, public, and cultural events.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 126 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 69 countries worldwide.

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Research
07.09.2018

Building a Knowledge Economy – How Academic R&D Supports High-Tech Employment

Today, universities play an increasingly important role in determining a region’s capacity for innovation and its ability to transform new ideas into economic activity and commercialize them. Not only do they educate the local workforce creating human capital, and produce intellectual property, but they also contribute indirectly through their basic research activities. While not of immediate commercial value, these foundational research activities help create and advance industries in unpredictable ways.

Understanding whether innovative industries in the high-tech sector benefit from R&D activity at regional academic institutions would be useful when assessing the tools available for technology-based economic development strategies. This empirical analysis of the relationship between research activity and high-tech employment aims to inform policymakers interested in the long-term capability of regions to sustain an economic base in knowledge-based industries.

To understand the connection between university research and regional economies, Milken Institute experts focus on research spending at universities and its relationship to employment in the region’s high-tech sector.

The key findings of the analysis are:

  • the net effects of academic R&D expenditures on high-tech employment are positive in the long run, suggesting R&D funding is an investment in the regional innovation ecosystem;
  • technology transfer offices that facilitate the commercialization of academic R&D can be a mechanism to capitalize on untapped innovation;
  • career development centers, placement services, and collaborative partnerships may increase spillover effects from universities by creating more opportunities for informal knowledge exchange.

Release date
01.08.2018
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