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

The Roscongress Foundation – a socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social 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 129 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 69 countries worldwide.

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The Innovative Economy: Identifying Areas of Growth
3 September 2016
15:00

The extractive industries today make up as much as a third of the Russian Far Eastern Federal District’s economy, this being not only greater than the figure for neighbouring countries, but two and a half times above the Russian average. In view of this, accelerated development in the innovation sector is particularly important, both in terms of diversifying the regional economy and with respect to improving efficiency in the extractive sector during a period of low raw material prices. Despite Russia investing adequately in research and development, on a par with the UK, Canada and Norway in this respect, the range of innovative technologies on offer to businesses lags considerably behind that typical in developed economies. Developing the innovation sector in the Far Eastern Federal District will require a substantial increase in the supply of innovative technologies via three key channels: R&D localization on the part of major Asia-Pacific markets, growth in the number of innovative small and medium-sized enterprises, and an increase in the innovative activities of large companies in the region. How can the quantity and quality of commercial innovations carried out in the Far Eastern Federal District be increased? What practical steps and «quick wins» should be prioritized? What economic and regulatory incentives need to be created? What is the critical bottleneck in the Far Eastern Federal District’s innovation infrastructure? Which sectors should serve as priority areas of focus?

Date
03.09.2016
Forum
EEF
Started at
15:00
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