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 is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

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 155 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Exporting Ideas, People, or Products? Does Russia Have a Place in the International Creative Race and Can Its Intellectual Potential Be Transformed into Liquid Economic Assets?
5 June 2021

The creative economy brings with it a new type of human occupation, a new type of consumer, a new market organization structure, and even new payment systems and new currencies. There is no established way to quantify the creative sector, but the entire world is nevertheless set on developing it. Traditional areas of competition — such as the defence or the energy sectors — are put by the wayside. The battle has shifted to the dimension of creative and innovative products, the production and export of digital content, and the ownership of intellectual property. Today, Russia is even losing the battle for its domestic market due to a trade deficit. But the country’s creative, historical, and cultural potential is great. Can Russia transform this potential into an economic asset and make headway in the creative products race? What needs to happen to Russia’s traditional financial institutions and digital assets to see the creative economy flourish? Do Russians have enough opportunities and capital to create a national creative economy or will international giants like Netflix buy ideas and people piecemeal? Who is investing in Russian creative products and how much are they investing? The state, banks, private investors, and cloud platforms: competing by volume, barriers, and growth opportunities. What are the existing development mechanisms and growth points for creative capital? How are foreign corporate giants leveraging them in Russia? What is the government doing to retain Russian human capital? How does this affect creative investments by Russian companies, banks, and platforms? What are Russian banks investing in? Can the stability of the banking system be maintained while also investing in creative entrepreneurship, which is always a risk? Will digital financial assets break the conservative investment system? Centralized and decentralized financial institutions: what’s hype and what’s real? Development institutions of the future: chaotically catalyzing talent or traditional investment programs? What is the infrastructure of the creative economy: toolkits and transport systems for a new type of industry?

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