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The Republic of Korea is Russia's third major partner in Asia by trade turnover. In 2017, import and export volumes between the two countries increased by 41% to almost $19bn. South Korea will promote bilateral cooperation as the Strategic Partner of the International Industrial Trade Fair INNOPROM-2018.
What areas of cooperation are Russia and Korea currently prioritizing? What is the history of economic relations between the two countries? INNOPROM VIEW answers these questions.
Artificial intelligence developers and automobile concerns are forming new alliances. At their current level, computer vision technologies and the latest software will allow for mass production of self-driving vehicles in the near future.
What is the current market situation? When can we expect to see safe autonomous cars on the road? INNOPROM VIEW answers these questions.
A year has passed since Russian President Vladimir Putin has directed defense companies to set out on a “civilian” path. By 2030 the volume of non-defense products should reach 50% of all contracts. However, nowadays not every company is ready to convert. Some of them are successfully joining state diversification programs, other factories are constrained due to legislature and market barriers.
Which companies managed to adapt, and which are not ready for the diversification and why? How is the state willing to support them? Read about it in the INNOPROM VIEW.
The Ministry of Industry and Trade of the Russian Federation draws initial results of the overseas enterprises support program aimed to locate manufacturing in Russia. Due to such instruments as SIC (special investment contract) and the list of “being Russia oriented” criteria, dozens of international companies were granted a status of domestic producers. At the same time others are still having difficulties in realization of their investment plans in Russia.
Businessmen, officials and experts have told INNOPROM VIEW how one can be granted a status of “Made in Russia” as well as what should be “upgraded” within the governmental machinery.
On November 16 in the town of Polevsk, Sverdlovsk Region, Pipe Metallurgical Company (TMK) opened one of five campuses of its future corporate university. This site will provide on-campus instruction and online courses in three main areas: sales, technologies and research activities, and management.
TMK's corporate university is but one example of an industrial corporation training its employees for its own purposes. Rosatom, Russian Railways, KAMAZ, Rosneft, Gazprom, Chelyabinsk Pipe-Rolling Plant, UMMC, and many other major Russian companies have already created similar programs. Generally, other companies' employees can also attend such universities. Many corporate training sites are operating under the public-private partnership format and enjoy financial and political support of the authorities.
We can already label the 2010s as the decade of industrial robotics in the global industry. Experts of the International Federation of Robotics (IFR) point out that between 2005 and 2008 manufacturers were selling approximately 115,000 robots annually. After the 2009 recession, industrialists were more eager to invest in automation and innovations, so the average number of robots sold annually between 2011 and 2016 increased by a dramatic 84% and reached 212,000 units.
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.
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