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Образец заголовка
                                            Venäjän rooli
‒   Образец текста
    ‒   Второй уровень
                                              globaalissa
        ‒    Третий уровень               tietotaloudessa ja
                 ‒
                                         voiko Suomi toimia
                     Четвертый уровень
                     ‒   Пятый уровень
                                                siltana?

                                          Pekka A. Viljakainen
                                          Skolkovo Foundation
                                           email bulldozer@sk.ru
                                           twitter @pviljakainen




                                                                   0
Big
                               enough to
                               do the job,       18 000 IT professionals in close to 30 countries
                               Small enough to   One of the leading IT service companies in
                                                 Northern Europe and global leader in selected
                               care              segments
                                                 Net sales approximately EUR 1.8 billion
    © 2009 Tieto Corporation




                                                 Listed in NASDAQ OMX Helsinki and Stockholm
                                                 Founded in 1968


1                                                                                                   2009-11-16
Innovations, Modernization, Leadership.
    Is it possible?



    3             30                 300

3
What is SKOLKOVO?


                                   Research and Education




             Skolkovo Foundation

                                              City development
     R&D centers




                                                                 4
WHAT IS SKOLKOVO FOUNDATION

Skolkovo Foundation is a development agency focused on growing high technology
companies in Russia

 Focused on building Russian Silicon
  valley campus and growing start-up
  community
 Skolkovo campus to consist of 3
  communities:
   – Skolkovo Institute of Technology
   (together with MIT),
   – R&D centers of high tech
   corporations (~50)
   – start-ups (~1,000)
 Skolkovo campus operating as a tax free economic zone
 Over 1,200 start-up business plans reviewed in 10 months
 Preselected 227 start-ups as residents of the free economic zone
 43 start-ups supported with non-dilutive financing for the total of $170 m
 $140m to be committed before the end of 2011
KEY ADVANTAGES OF BECOMING A SKOLKOVO RESIDENT


1. Increase your capital efficiency:
    a) Tax benefits (No profit tax, no VAT, 14% Social taxes)
    b) Non-dilutive financing from the Skolkovo Foundation up to $10m


2. Enjoy lower administrative burden:
    a) Quota-free recruitment of foreign employees
    b) No import duties on hi-tech equipment


3. Obtain better access to markets:
    a) Tight links to global leaders (information on technology roadmap)
    b) Easier access to purchasing by Russian state-owned companies
    c) Help in accessing international financial markets


4. Information and PR support
Innovations, Modernization, Leadership.
    Why this is important?
                                                                     Russian companies
            Doing business in                                         doing business in
                 Russia.                                                  Finland.
    “Doing in business in Russia is like doing business   “Russian companies starts to buy significant
    in any fast growing and vibrant economy.”             stakes of the European / Finnish flagship
                                                          companies.”
    “Russia is the most significant growth market in
    Europe during 2011-2030.”                             “Russian companies wants to be best in this
                                                          planet.”
    Bottlenecks for growth:
    1. Totally outdated views about Russia                Bottlenecks for growth:
       (consumer behavior, legistlation, fast rise of     1. Massive shortage of business leaders who
       the new playstation generation)                       are born in knowledge driven businesses
    2. Lack of leadership and language capabilities in    2. Top down leadership style vs. people
       Finland                                               business
    3. Lack of business leaders in Russia                 3. Only short term development actions
    4. No short-cuts in byrocracy (customs, working       4. Very limited understanding (and even visible
       permits, etc)                                         fear) of Russia in key markets like
    5. Russians accepts only best of the best (in            UK, Germany, Sweden, Denmark
       world)


7
Entrepreneurship society.
    Why it is important?
    1.   Best, young talent does not work in big companies,
         driven by top-down leadership
    2.   The impact of 100 companies employing 100 people
         for the economy is bigger than one company
         employing 10 000 people
    3.   Agility, speed and innovations are driving growth,
         instead of cheap labour or benefits of mass
         production
    4.   Global talent networks have already made resources
         and possibilities equally available for everyone

8
Entrepreneurship society.
     How to make it happen?
     Nobody can establish a society alone. It is like
     building an eco-system, where everyone is a
     volunteer.
     So what to learn from other countries, other
     societies, other cultures?
                                                              Mid-size
                                  Media                      companies
                                              Start-ups
                 Universities                                               HR
     Banks /                                                             community
    Investors
                    Big                       Government/       Public
                                Technoparks
                Enterprises                   Legistlation     Funding




9
Key performance indicators (KPI’s) watched by the investors

                               Phase 2: Beta version out!
Phase 1: Start-up setup                                          Phase 3: First commercial   Phase 4: Scaling up and
                               Interaction starts with
phase                                                            product is out!             getting international!
                               clients!
(excitement)
                               (big hopes and a lot of
                               money is burning)

                      GO / NO-GO                    GO / NO-GO                     GO / NO-GO


How quickly you can by-pass
this phase? (20-200 days)
Some companies remains here
until they die!
                         Number of talents working in start-up capable for
                         international expansion (this is not only about language)


                                           Number of end-users, revenue growth,
                                           visibility on the media, end-user feedback


MAGICAL MOMENTS TO BE RECORDED:
1) When is the first real revenue ruble arriving to account          5) When the CEO have more foreign direct
2) When is the first real revenue ”dollar” arriving to account       reports than your own nationality
3) When your headcount of talents hits 30 and 150 persons            6) When your revenue hits 1 MUSD or number of
4) When the first foreign subsidiary has been opened                 end-users 1 000 000                           10
5 Topics to recognize and consider
1. Generation sift in Russia is a reality 2012-2017
2. Stereotypia about Russian business culture needs an immediate check:
   What is a real ”country risk”?
3. Exchange programs (students, labor, companies) are still totally under
   utilized
4. Finland is in global competition as a gateway for Russian entrepreneurs
   (California, New York, Latvia, Wien)
   ‒ Easy access to come and work in Finland
   ‒ Competitive taxation system and conditions for living (kinder
       garden, schools) for ex-patriots
   ‒ Investments of SME companies over the border (both directions)
       SUPPORTED by strong enough, centralized functions in Moscow and
       in Helsinki
   ‒ Knowledge of Russian language
5. Russia wants action oriented proposals about co-operation and
   enhancements.
                                                                             11
Образец заголовка
                                            Venäjän rooli
‒   Образец текста
    ‒   Второй уровень
                                              globaalissa
        ‒    Третий уровень               tietotaloudessa ja
                 ‒
                                         voiko Suomi toimia
                     Четвертый уровень
                     ‒   Пятый уровень
                                                siltana?

                                          Pekka A. Viljakainen
                                          Skolkovo Foundation
                                           email bulldozer@sk.ru
                                           twitter @pviljakainen




                                                                   12

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Pekka Viljakainen

  • 1. Образец заголовка Venäjän rooli ‒ Образец текста ‒ Второй уровень globaalissa ‒ Третий уровень tietotaloudessa ja ‒ voiko Suomi toimia Четвертый уровень ‒ Пятый уровень siltana? Pekka A. Viljakainen Skolkovo Foundation email bulldozer@sk.ru twitter @pviljakainen 0
  • 2. Big enough to do the job, 18 000 IT professionals in close to 30 countries Small enough to One of the leading IT service companies in Northern Europe and global leader in selected care segments Net sales approximately EUR 1.8 billion © 2009 Tieto Corporation Listed in NASDAQ OMX Helsinki and Stockholm Founded in 1968 1 2009-11-16
  • 3.
  • 4. Innovations, Modernization, Leadership. Is it possible? 3 30 300 3
  • 5. What is SKOLKOVO? Research and Education Skolkovo Foundation City development R&D centers 4
  • 6. WHAT IS SKOLKOVO FOUNDATION Skolkovo Foundation is a development agency focused on growing high technology companies in Russia  Focused on building Russian Silicon valley campus and growing start-up community  Skolkovo campus to consist of 3 communities: – Skolkovo Institute of Technology (together with MIT), – R&D centers of high tech corporations (~50) – start-ups (~1,000)  Skolkovo campus operating as a tax free economic zone  Over 1,200 start-up business plans reviewed in 10 months  Preselected 227 start-ups as residents of the free economic zone  43 start-ups supported with non-dilutive financing for the total of $170 m  $140m to be committed before the end of 2011
  • 7. KEY ADVANTAGES OF BECOMING A SKOLKOVO RESIDENT 1. Increase your capital efficiency: a) Tax benefits (No profit tax, no VAT, 14% Social taxes) b) Non-dilutive financing from the Skolkovo Foundation up to $10m 2. Enjoy lower administrative burden: a) Quota-free recruitment of foreign employees b) No import duties on hi-tech equipment 3. Obtain better access to markets: a) Tight links to global leaders (information on technology roadmap) b) Easier access to purchasing by Russian state-owned companies c) Help in accessing international financial markets 4. Information and PR support
  • 8. Innovations, Modernization, Leadership. Why this is important? Russian companies Doing business in doing business in Russia. Finland. “Doing in business in Russia is like doing business “Russian companies starts to buy significant in any fast growing and vibrant economy.” stakes of the European / Finnish flagship companies.” “Russia is the most significant growth market in Europe during 2011-2030.” “Russian companies wants to be best in this planet.” Bottlenecks for growth: 1. Totally outdated views about Russia Bottlenecks for growth: (consumer behavior, legistlation, fast rise of 1. Massive shortage of business leaders who the new playstation generation) are born in knowledge driven businesses 2. Lack of leadership and language capabilities in 2. Top down leadership style vs. people Finland business 3. Lack of business leaders in Russia 3. Only short term development actions 4. No short-cuts in byrocracy (customs, working 4. Very limited understanding (and even visible permits, etc) fear) of Russia in key markets like 5. Russians accepts only best of the best (in UK, Germany, Sweden, Denmark world) 7
  • 9. Entrepreneurship society. Why it is important? 1. Best, young talent does not work in big companies, driven by top-down leadership 2. The impact of 100 companies employing 100 people for the economy is bigger than one company employing 10 000 people 3. Agility, speed and innovations are driving growth, instead of cheap labour or benefits of mass production 4. Global talent networks have already made resources and possibilities equally available for everyone 8
  • 10. Entrepreneurship society. How to make it happen? Nobody can establish a society alone. It is like building an eco-system, where everyone is a volunteer. So what to learn from other countries, other societies, other cultures? Mid-size Media companies Start-ups Universities HR Banks / community Investors Big Government/ Public Technoparks Enterprises Legistlation Funding 9
  • 11. Key performance indicators (KPI’s) watched by the investors Phase 2: Beta version out! Phase 1: Start-up setup Phase 3: First commercial Phase 4: Scaling up and Interaction starts with phase product is out! getting international! clients! (excitement) (big hopes and a lot of money is burning) GO / NO-GO GO / NO-GO GO / NO-GO How quickly you can by-pass this phase? (20-200 days) Some companies remains here until they die! Number of talents working in start-up capable for international expansion (this is not only about language) Number of end-users, revenue growth, visibility on the media, end-user feedback MAGICAL MOMENTS TO BE RECORDED: 1) When is the first real revenue ruble arriving to account 5) When the CEO have more foreign direct 2) When is the first real revenue ”dollar” arriving to account reports than your own nationality 3) When your headcount of talents hits 30 and 150 persons 6) When your revenue hits 1 MUSD or number of 4) When the first foreign subsidiary has been opened end-users 1 000 000 10
  • 12. 5 Topics to recognize and consider 1. Generation sift in Russia is a reality 2012-2017 2. Stereotypia about Russian business culture needs an immediate check: What is a real ”country risk”? 3. Exchange programs (students, labor, companies) are still totally under utilized 4. Finland is in global competition as a gateway for Russian entrepreneurs (California, New York, Latvia, Wien) ‒ Easy access to come and work in Finland ‒ Competitive taxation system and conditions for living (kinder garden, schools) for ex-patriots ‒ Investments of SME companies over the border (both directions) SUPPORTED by strong enough, centralized functions in Moscow and in Helsinki ‒ Knowledge of Russian language 5. Russia wants action oriented proposals about co-operation and enhancements. 11
  • 13. Образец заголовка Venäjän rooli ‒ Образец текста ‒ Второй уровень globaalissa ‒ Третий уровень tietotaloudessa ja ‒ voiko Suomi toimia Четвертый уровень ‒ Пятый уровень siltana? Pekka A. Viljakainen Skolkovo Foundation email bulldozer@sk.ru twitter @pviljakainen 12