Exploring Innovation Potential in Russia

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Russia, (informazione.it - comunicati stampa - servizi)

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Forty percent of industry experts believe that the environment for the emergence and commercialization of innovations in Russia has become more favorable. However, the effectiveness of tax incentives and benefits for innovators is still low; only 13 percent of the experts gave a positive assessment of these factors.

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Exploring Innovation Potential in Russia

Alexey Volostnov, Business Development Director, Frost & Sullivan noted – "Innovations should become one of the major priorities for the institutions. Without governmental support disruptive technology solutions and new products may never be commercialized. Nevertheless market participants see the need to ensure a stable demand for innovations. In particular, it is necessary to provide access to the long-term investments in the industries with the lengthy 5-7 years cycle from R&D to market introduction. Following the government support private businesses will be more likely to invest in potentially high risk technology ideas."

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Contact:
Julia Nikishkina
Corporate Communications – Europe
P: +7 (499) 213 0156
E: [email protected]

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