Innovative activity in Russia in the current economic conditions and how it is influenced by integration

process

Alexander N. SHOKHIN

President of the Russian Union of Industrialists and Entrepreneurs

90.0

95.0

100.0

105.0

110.0

115.0

120.0ja

n.2

01

2

mar

.20

12

may

.20

12

jul.2

01

2

sep

.20

12

no

v.2

01

2

jan

.20

13

mar

.20

13

may

.20

13

jul.2

01

3

sep

.20

13

no

v.2

01

3

jan

.20

14

mar

.20

14

may

.20

14

jul.2

01

4

Index of industrialproduction

Investment

Inflation

2

Source: Rosstat 2014

Russia: Key Macroeconomic Indicators, Index RSPP

Index RSPP

20

25

30

35

40

45

50

55

jan

.20

12

mar

.20

12

may

.20

12

jul.2

01

2

sep

.20

12

no

v.2

01

2

jan

.20

13

mar

.20

13

may

.20

13

jul.2

01

3

sep

.20

13

no

v.2

01

3

jan

.20

14

mar

.20

14

may

.20

14

jul.2

01

4

Index RSPP

Index ofproduction

4

Source: Rosstat

GDP change, % (2005=100)

0

20

40

60

80

100

120

140

160

180

2006 2007 2008 2009 2010 2011 2012

Russia

Kazakhstan

Belarus

5

-1.5

-1

-0.5

0

0.5

1

1.5

Ministy of economicdevelopment RF

IMF Bank of AmericaMerrill Lynch Research

2014

2015

Gross domestic product, to previous year, %

0

50

100

150

Availability oflatest

technologies

Firm-leveltechnologyabsorption

FDI andtechnology

transfer

Capacity forinnovation

Quality ofscientificresearch

institutionsCompany

spending on R&D

University-industry

collaboration inR&D

Gov’t procurement of advanced tech

products

Availability ofscientists and

engineers

PCT patents,applications/milli

on pop.

Russia

Kazakhstan

The Global Competitiveness Report 2014–2015

WEF

0

50

100

150

Availability oflatest technologies

Firm-leveltechnologyabsorption

FDI and technologytransfer

Capacity forinnovation

Quality of scientificresearch

institutions

Company spendingon R&D

University-industrycollaboration in

R&D

Gov’t procurement of advanced tech

products

Availability ofscientists and

engineers

PCT patents,applications/millio

n pop.

Russia

India

China

Brazil

The Global Competitiveness Report 2014–2015

WEF

8

0 20 40 60

Shortage of skilled labor force

Inflation

High taxes

Corruption

Administrative barriers

Unfair competition

High social taxes

Inefficient judicial system

Inaccessibility of finance

Unclear aims of social and economic policy

Source: Survey of RSPP member-companies 2014

Main Challenges for Russian Companies

9

Road maps (National Business Initiative)

Industrial policy

Program of support of investment projects using a project financing mechanism

Stimulus: mechanisms and institutions

Main principles for creating territories of priority socio-economic development

• Vnesheconombank• the Russian Venture Company• Rusnano• the Skolkovo Foundation• SME bank• EXIAR• Russian Direct Investment Fund • Industry development fund • Agency of Credit Guaranteesetc.

Development Institutions

Draft laws

Programs and strategies

State programs of the Russian Federation