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In the last issue of the weekly newspaper “INNOPROM VIEW” we have researched subjects related to “traditional” ways of fund raising of projects in the field of R&D such as grants, investments of the funds. We keep discussing start-ups’ financing in industry and propose you to think over a more complex and controversial topic: blockchain technologies for plants. Is it conceivable that new enterprises avoid using banks or venture funds? Let’s take ZrCoin plant as an example.
As at the beginning of 2017, national high technology products accounted for less than 1% of total exports. In order to facilitate the introduction of innovative projects in external markets, Russia has developed several major sites focused on supporting startups. Innovators have been complaining about the lack of testing and production facilities and low level of components manufacturing localization.
World market of IoT technologies already has a pool of powerful players who are so actively competing for global leadership in their segments that local companies seem to be doomed to fail even in their national, not to mention foreign, markets. The case of Moscow-based Systems, Modules and Components company (SMC) proves that assumption as false. For the past ten years, SMC has been working in the IoT sector and offering competitively priced quality solutions in the Russian market.
Moscow-based DATADVANCE company won the National Industrial Award INDUSTRIA at INNOPROM-2016. The panel of judges recognized the company's pSeven software designed for data analysis and engineering optimization. At the time, DATADVANCE had been working for only six years, but a team of mathematicians and software engineers managed to create and commercialize their unique product and present it in the global market very quickly.
The Russian economy is undergoing a difficult transition to the non-primary export model. That is why the Russian Government has been prioritizing the development of finished products export over the past several years. Numbers speak for themselves: state financing of export support programs has increased by 2.5 times in 2017 and amounted to RUB 30bn.
In 2016, the turnover between Russia and India amounted to $7.71bn while machines, equipment, and transport vehicles accounted for over 20% of goods supplied by Russia. Presently, the Russian business is actively engaged in infrastructure projects and is negotiating its participation in Indian Railways tenders.
Russian Computer Engineering nowadays is just ahead of the process of building its share on the world markets. By the end of 2035, the potential return of digital modeling and design are rising over the $74,8 billion mark. One of the area’s main drivers is an automotive industry, which is interested in developing virtual “crash tests”. CompMechLab, an innovative company from Saint-Petersburg, has decided to increase sales of its technologies on both European and Asian markets.
Although Russia has already started building its first digital factories and succeeded in connecting entire production chains to Industrial Internet of Things (IIoT), experts still refer to foreign cases when discussing economic effects of Industry 4.0. So far Russian industrialists and integrators have preferred to hear about others’ achievements instead of sharing their own experiences.
We have a great opportunity to observe and partake in the fourth industrial revolution. We witness changes in industrial enterprises, national economies, and, ultimately, people’s lives caused by the implementation of the latest industrial technologies. We will be discussing these changes in the weekly newsletter of Russia’s Main Industrial Trade Fair INNOPROM and online at innoprom.com.
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