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INNOVATIVE ECONOMY : BUISNESS COMMUNITY VIEW

INNOVATIVE ECONOMY : BUISNESS COMMUNITY VIEW. October 1 st , 2009. WHY DOES PRIVATE BUSINESS NEED INNOVATIVE ECONOMY ?. WHAT CAN PRIVETE BUSINESS BRING INTO INNOVATIVE ECONOMY ?. WHO ELSE IS READY TO RISK or WILL THE GOVERNMENT ASSIST ?.

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INNOVATIVE ECONOMY : BUISNESS COMMUNITY VIEW

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  1. INNOVATIVE ECONOMY: BUISNESS COMMUNITY VIEW October 1st, 2009

  2. WHY DOES PRIVATE BUSINESS NEED INNOVATIVE ECONOMY? WHAT CAN PRIVETE BUSINESS BRING INTO INNOVATIVE ECONOMY? WHO ELSE IS READY TO RISK or WILL THE GOVERNMENT ASSIST ? PRIVATE BUSINESS IS READY TO TAKE PART BUT IN WHAT? WHO ELSE WILL TAKE PART? HOW MUCH DOES IT COST TO ENTER INNOVATIVE MARKET? WHAT SHALL WE FEAR? WHAT DO WE LACK TODAY?

  3. INNOVATIVE ECONOMY: NEW PRINCIPLES New economy– economy of KNOWLEDGEand INTELLECT forbidden PRIVATE PROPERTY forbidden INTELLECTUAL PROPERTY Innovative economy– government priority Systematic approach towards development of innovative economy based on government tools and initiatives began to work Russian society– is a paradoxical example of obvious aptitude to innovations (active demand for all new products).

  4. WHY DOES PRIVATE BUSINESS NEED INNOVATIVE ECONOMY? Old kind of economy and its tools loose attractiveness. New competitive advantages of business: Speed of making decisions. Effective use of resources. Change of market scale and geography. IRR

  5. WHAT CAN PRIVETE BUSINESS BRING INTO INNOVATIVE ECONOMY? Private business defines demand Innovation, new product or service are actual only if there is evident or potential demand. Demand forms chain of innovation’s development. Private businesshas resources People, money, expertise, freedom, benchmark of effectiveness. Venture – Russian equivalent – «ЗАТЕЯ» Private business– source of ideas, interest and speed.

  6. WHAT DO WE LACK TODAY? Experience Tranquility= opportunityandtools of planning Infraustructure Working and effective tools. Objects for investing.

  7. STRATEGY OF RUSSIAN VENTURE COMPANY– RESPOND TO DOUBTS OF PRIVATE BUSINESS Changes the innovative enterprise environment: legislative initiatives = new form entity+ antiraider+ protection of minority shareholders Creates interconnected investment chain of technology business support= seed+ start-up+ later stages+ MBO. Creates free access center for expertise concentration RVC– support tool for global competitiveness

  8. WHAT SHALL WE FEAR? Worship and populism Non-market approaches – monopolism and non-competition Project overexpertise Rash estimations and fright from failures

  9. Thank you! Vvedensky Andrey, Business development director OJSC «Russian Venture Company» www.rusventure.ru

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