<ul><li>World Russia Forum </li></ul><ul><li>March 29, 2011, Washington, DC </li></ul><ul><li>“ From Silicon Valley to Sko...
Silicon Valley to Skolkovo – Questions for Discussion <ul><li>What is the Skolkovo project? </li></ul><ul><li>What is the ...
What is the Skolkovo Project? <ul><li>Goal:  Create a world-class center of technological innovation, focused primarily on...
<ul><li>What is the place of Skolkovo in the Emerging Russian Innovation System?  </li></ul>
<ul><ul><ul><li>Academic Excellence </li></ul></ul></ul><ul><ul><ul><li>Innovation Ecosystem </li></ul></ul></ul><ul><ul><...
Core of Innovation Ecosystems <ul><li>Innovation ecosystem is a set of relationships between entrepreneurs and institution...
International Experience in Creating Successful Innovation Ecosystems <ul><li>Government is critical actor in creating inn...
Russian Innovation Ecosystem <ul><li>Some of the institutional pieces of an innovation ecosystem have been constructed, i....
Principle Gaps in Russian Innovation Ecosystem <ul><li>Extremely underdeveloped institutions and soft-skills for commercia...
<ul><li>What is the Relation between Skolkovo and other Regional Centers of Innovation?  </li></ul>
Are Innovation Ecosystems National or Regional? <ul><li>National laws, programs and policies set the context that make inn...
Russian Regions are Developing Their Own Innovation Ecosystems <ul><li>Strengths in science and technology spread througho...
Conclusions <ul><li>Skolkovo is a work in progress with much more to be done in terms of development of its physical and b...
Working Together for Answers <ul><li>As answers to these questions are being debated, the Russia Innovation Collaborative ...
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World Russia Forum March 2011 (2)

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World Russia Forum March 2011 (2)

  1. 1. <ul><li>World Russia Forum </li></ul><ul><li>March 29, 2011, Washington, DC </li></ul><ul><li>“ From Silicon Valley to Skolkovo” </li></ul><ul><li>Panel Presentation of Daniel Satinsky </li></ul><ul><li>Partner, Russia Innovation Collaborative </li></ul>
  2. 2. Silicon Valley to Skolkovo – Questions for Discussion <ul><li>What is the Skolkovo project? </li></ul><ul><li>What is the place of Skolkovo in the Emerging Russian Innovation System? </li></ul><ul><li>What is the Relation between Skolkovo and Regional Centers of Innovation? </li></ul>
  3. 3. What is the Skolkovo Project? <ul><li>Goal: Create a world-class center of technological innovation, focused primarily on 5 key sectors of biotech, clean tech, IT & supercomputing, space & telecom and nuclear technologies. </li></ul><ul><li>Components: </li></ul><ul><ul><li>New graduate level research university </li></ul></ul><ul><ul><li>R&D labs of multinational companies </li></ul></ul><ul><ul><li>Russian startups </li></ul></ul><ul><ul><li>Live-work campus </li></ul></ul><ul><ul><li>Supported by special tax and regulatory benefits </li></ul></ul><ul><ul><li>Programs to support innovation and startups while new science city is being constructed. </li></ul></ul>
  4. 4. <ul><li>What is the place of Skolkovo in the Emerging Russian Innovation System? </li></ul>
  5. 5. <ul><ul><ul><li>Academic Excellence </li></ul></ul></ul><ul><ul><ul><li>Innovation Ecosystem </li></ul></ul></ul><ul><ul><ul><li>Venture Capital </li></ul></ul></ul><ul><ul><ul><li>Thriving knowledge based sectors </li></ul></ul></ul><ul><ul><ul><li>Tech transfer and commercialization </li></ul></ul></ul><ul><ul><ul><li>Serial Entrepreneurs </li></ul></ul></ul><ul><ul><ul><li>Public and Seed Funding, grants and loans </li></ul></ul></ul>Elements of a Successful Innovation Ecosystems <ul><ul><ul><li>Government / Policy </li></ul></ul></ul><ul><ul><ul><li>Industry Associations and Networking Groups </li></ul></ul></ul>
  6. 6. Core of Innovation Ecosystems <ul><li>Innovation ecosystem is a set of relationships between entrepreneurs and institutions, not a place, not a set of laws and not a set of institutions. </li></ul><ul><li>Critical to its proper functioning is that there is a culture of entrepreneurship that is valued in society – acceptance of risk and failure, trust between entrepreneurs and institutions, success stories of reward for hard work. </li></ul><ul><li>Measure of success is the number of products, services, processes and ultimately successful companies produced. </li></ul>
  7. 7. International Experience in Creating Successful Innovation Ecosystems <ul><li>Government is critical actor in creating innovation economy. </li></ul><ul><li>Different countries had different paths, but all require strong science, entrepreneurs and integration in world markets. </li></ul><ul><li>Constructing an innovation economy is a process requiring long-term commitment. It is not about achieving short-term or one-time goals. </li></ul><ul><li>Government policies are national, but development of innovation is local. </li></ul>
  8. 8. Russian Innovation Ecosystem <ul><li>Some of the institutional pieces of an innovation ecosystem have been constructed, i.e. Government-established funds like Rusnano, RVC and Bortnik; tech parks, incubators and SEZs; university commercialization offices; Skolkovo Foundation, etc. </li></ul><ul><li>All young and still developing. Not yet an operating innovation system, but separate institutions and with significant gaps. </li></ul>
  9. 9. Principle Gaps in Russian Innovation Ecosystem <ul><li>Extremely underdeveloped institutions and soft-skills for commercialization of existing science. </li></ul><ul><li>Lack of financing for companies to pass through the so-called “valley of death” between the seed stage through proof of concept to acceptable size for venture investment. </li></ul><ul><li>Result investors commonly state that there are too few projects in Russia, meaning that there are few projects that exist in the form and scale to allow for investment. </li></ul><ul><li>Role of Skolkovo is expansion of the pipeline of investment projects and creation of institutional, scientific and cultural basis for emergence of world-class Russian companies and technologies. </li></ul>
  10. 10. <ul><li>What is the Relation between Skolkovo and other Regional Centers of Innovation? </li></ul>
  11. 11. Are Innovation Ecosystems National or Regional? <ul><li>National laws, programs and policies set the context that make innovation ecosystems possible. </li></ul><ul><li>The most important innovation ecosystems in the U.S. – Silicon Valley and Boston/Cambridge – were created by regional leaders and institutions, not by national leaders or national institutions and evolved to solve practical economic problems, not as models. </li></ul><ul><li>Almost all efforts to copy Silicon Valley have failed, a cautionary warning to not ignore historically-evolved centers of scientific and technical expertise. </li></ul>
  12. 12. Russian Regions are Developing Their Own Innovation Ecosystems <ul><li>Strengths in science and technology spread throughout the country in secret cities, regional research centers and Academgorodok as original Soviet copy of Silicon Valley. </li></ul><ul><li>Designation of 39 national research universities with mission of increasing innovation and commercialization of science. </li></ul><ul><li>Formation of Association of Innovative Regions in May 2010, composed of nine regions – Tatarstan, Perm, Novosibirsk, Tomsk, Irkutsk, Mordovia, Krasnoyarsk and Kaluga. </li></ul><ul><li>Functioning regional infrastructure of tech parks in Kazan and Novosibirsk, special economic zones in Zelenograd and Tomsk, huge number of incubators and other innovation initiatives throughout the country. </li></ul><ul><li>How does Skolkovo relate to regional universities and innovation infrastructures, particularly during build out? How does it create brain circulation and absolute increase in innovation, rather than internal brain drain? </li></ul>
  13. 13. Conclusions <ul><li>Skolkovo is a work in progress with much more to be done in terms of development of its physical and business infrastructure, while supporting innovation in the interim period. </li></ul><ul><li>In the interim, much of the source of innovation and of new businesses will come from those Russian regions that are successful in creating regional innovation ecosystems to support new companies. </li></ul><ul><li>Many institutions and policies have been created at a national level to support innovation, but key gaps remain. </li></ul><ul><li>The main gap is in financial mechanisms for supporting startups through the “valley of death” and in further domestic exits that will allow the venture capital industry in Russia to mature. </li></ul>
  14. 14. Working Together for Answers <ul><li>As answers to these questions are being debated, the Russia Innovation Collaborative looks forward to contributing to the process of finding practical answers and assisting our Russian colleagues in this historic task. </li></ul><ul><li>Thank you for your attention. </li></ul><ul><li>Daniel Satinsky </li></ul><ul><li>[email_address] </li></ul><ul><li>www.russiainnovation.com </li></ul>

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