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July 10th, 2007
Innovation in Russia and Ukraine in need of performance improvement
"In our ranking of national innovation performance for 36 countries, Russia and Ukraine were only placed 27th and 35th respectively," announces Professor Slavo Radosevic, a senior researcher in the EC funded BRUIT project.
"Russia is a country of extremes," notes Professor Natalia Ivanova from IMEMO, Russian Academy of Sciences. "It has a very well developed system of R&D institutes covering a broad range of scientific fields, however, most Russian business do not invest in R&D and have no clear innovation strategy."
Notably, the Russian government is investing billions of roubles in areas of science and technology such as nanotechnology and space as well as innovation support measures such as technoparks and venture capital funds.
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