INSOR Russia: Institute of Contemporary Development
Updated June 28, 2019

INSOR Hosts Investment Forum Innovation for Business

July 21, 2011

The Institute of Contemporary Development hosted the annual investment forum Innovation for Business, which was organized by Marchmont Capital Partners with support from the Russo-British Chamber of Commerce. Over the course of two days Russian and international business leaders as well as representatives of public and academic organizations discussed issues related to the development of the market for high technology in Russia, the commercialization of ideas and creation of innovation infrastructure.

The keynote and expert speakers at the conference included Ilya Ponomarev, head of International Business Development, Technology Transfer and Commercialization at Skolkovo Foundation; Julia Kulagina, Head of RF Representation, Moscow Office, the U.S.-Russia Business Council (USRBC); Alexei Kostrov, Executive Director of the National Business-Angels Association; Gregg Scott Robins, Managing Director, Head of Wealth Management in Russia, UBS SA, Geneva, and many others.

As the chairman of the Chamber of Industry and Commerce’s committee on investment policy Anton Danilov-Danilyan noted, Russia is oriented toward market-ready start-ups, but it’s well known that only one in ten ideas at best make it this far. At the same time the country largely lacks support for start-ups.  He suggested that the state should create tax breaks for business angels, which could help fulfill a supporting role for start-ups. He also proposed exempting R&D ventures from industrial safety regulations. Today if just one element of the equipment required for technical experiments is of increased risk, then researchers are often forced to practically carry out their work underground.