The State can encourage investment into potentially important technological solutions; the main issues involved are choosing successful projects and shaping the right demand.

13 december 2013 | RBC daily

If we are to extend our understanding of high technologies well beyond the Internet – to include engineering, biotechnologies, healthcare and transport etc, it appears realistic to fund high technologies by means of state enterprise investment programs.

Vladislav Onischenko
Vladislav Onischenko
First Deputy Director General

“State companies create demand for technological solutions. However it is lucrative to implement foreign solutions in a number of fields where we initially lagged behind. I believe what the President meant is that instead of a complete dismissal of foreign technological solutions, co-operation with foreign developers is required in order to redress this situation,” – said Vladislav Onischenko, first Deputy Director General of the Analytical Center, as he was asked by RBC daily to comment on the Russian President Vladimir Putin’s proposal stated in Mr. Putin’s jubilee Address to the Federal Assembly. The President put forward a proposal to use the system of state purchases as well as state enterprise investment programs in order to shape domestic demand for high technologies.  

According to Mr.Onischenko, “the State can encourage investment into potentially important technological solutions; the main issues involved are choosing successful projects and shaping the right demand. This requires long-term planning and development of expertise on the part of state corporation purchasers, none of which is listed among the biggest strengths of public administration. Once we have solid technological development fueled by domestic demand, we may start considering the export of technologies.”