Russia Direct conducted panel discussion "Future of Russian Hi-Tech/Science Cities and Innovation” last week.

Photo: Russia Direct

Russia Direct hosted panel discussion "Future of Russian Hi-Tech/Science Cities and Innovation” last week, which was live-streamed on the website of the media outlet.

The discussion was organized by Russia Direct and sponsored by Renova Group amidst  the release of the latest quarterly report, which is titled  "Insider’s Guide to Russian high-tech hubs.” The report is available to download for free here.

Moderated by the Editor-in-Chief of Russia Direct Ekaterina Zabrovskaya, the discussion featured the following speakers:

Axel Tillmann, the CEO of RVC‐USA, the US subsidiary of Russian Venture Company; Taras Polischuk, Head of Business Development for Global HRU; Cathleen Campbell the CEO of CRDF Global; Mikhail Kalugin, Head of Economic Section at the Embassy of the Russian Federation to the U.S.; Igor Balk, Managing Member of Global Innovation Labs LLC; and Nikolay V. Vasilyev, MD, the President of Russian America Science Association, Staff Scientist, Boston Children’s Hospital, Harvard Medical School.

The participants of the RD pannel discussion "Future of Russian Hi-Tech/Science Cities and Innovation" that took place on June 25. Photo: Russia Direct

Scientific diplomacy is truly a leverage that could have a positive effect on Russia’s international relations as well as benefits for the scientific community around the world. So why is the sphere of innovation not very developed, taking into consideration Russia’s intellectual potential and a history of scientific prominence during the Soviet era? And what are the future of innovation in Russia? These were the questions discussed at the panel discussion.  

The panellists also talked about the correlation between Russian economy and development of innovations sector, as higher levels of economic stability and investment protection could potentially increase the number of interested private investors both from Russia and all over the world.

Axel Tillman suggested that one of the particular obstacles in the way of innovations growth was the fear of failure of the startup projects. Meanwhile, Taras Polischuk accentuated the importance of success stories for building a reputation of Russia as a country with great innovation potential worthy of investment. Mikhail Kalugin shared his positive outlook on Russia’s economy and mentioned that despite the currency crisis, Russia is still the world’s 6th largest economy. He also explained that modernization is taking process and the government is actively investing in the innovation sector.

Click on the image to download the report The panelists all agreed that modernization and technological advancement are not overnight processes, and Russia should be patient and keep the progress going to obtain tangible results.

An analytical article about the webcast is available on the website. Full version of the report is available in Russia Direct's archive, free of charge after the registration.  For more information for future live events sign up for Russia Direct’s newsletter.

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About Russia Direct

Russia Direct is the information and analytical international media outlet, targeting foreign experts. It produces briefs and supplements to Foreign Policy magazine and also publishes analytical articles and expert interviews online. The purpose of Russia Direct is to create a platform for Russian-U.S. dialogue and to convey Russia's position on global matters. Russia Direct as well as Russia Beyond the Headlines (RBTH) is funded by advertising and sponsorship sales as well as financial support from Russia's daily Rossiyskaya Gazeta.