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American Chamber of Commerce in Russia Presentation
- 1. The Russia Innovation Collaborative Connecting Russia to US Innovation Clusters Presented to The American Chamber of Commerce in Russia 13 July 2010 Cynthia Bouthot, Partner cbouthot@russiainnovation.com
- 2. Russia is currently undertaking a program of modernization of its economy, with a particular focus on fostering technological innovation. Despite the strength of intellectual resources and very strong basic science, Russia has not been successful at developing clusters of innovation. Massachusetts is one of the world-leading clusters of innovation. It has a well-developed public-private relationships that contributes to the success of the innovation ecosystem. The focus of the Russia Innovation Collaborative is to connect key institutions and stakeholders in Russia with those in Massachusetts and throughout the US with the goal of increasing economic wealth Russia Innovation Collaborative: Our Mission
- 3. The Russia Innovation Collaborative: Background ? The Russia Innovation Collaborative (RIC) are experienced trade and investment professionals that promote, develop and integrate companies and technologies into the US and European markets. Specific areas of expertise include: ¨C cultivating technologies and early stage companies coming out of the scientific-technical ecosystems ¨C designing programs to nurture and support innovation and accelerate the migration of ideas from the lab to practical commercial application ¨C connecting innovation ecosystems ? We are located in one of the leading world centers of entrepreneurship and innovation in Boston/Cambridge and have ties with Silicon Valley and New York, as well as Europe
- 4. Growing U.S.-Russia Tech Ties Concentrated in CA and MA ? In July 2009, Presidents Obama and Medvedev meet in Moscow and decide to re-start not only political relations, but economic ties. ? In 2009, contacts between Russian and MA organizations, incl. MIT, began to outline areas for practical cooperation. Rusnano develops close cooperation with MIT for training and discusses joint projects. ? Jan. 2010 Russian Government delegation, led by First Vice Prime Minister visits MIT. Russian Government decides to initiate so-called Skolkovo Project, sometimes referred to as ¡°Russian Silicon Valley.¡± ? Feb. 2010 US State Dept takes ¡°RusTechDel¡± delegation made of 10 West Coast CEO¡¯s and Execs (incl. eBay, CISCO, Twitter, ¡) to Moscow and Novosibirsk. ? March 2010 - Russian delegation in Cambridge/Boston. ¨C Cooperation agreement signed with Novosibirsk hi-tech park and Russia Innovation Collaborative ¨C Russian sponsorship for MassChallenge.org - business plan competition ¨C Negotiations begun with MIT to become involved in Skolkovo Project
- 5. Tech Ties Continue to Grow ? April 2010 ¨C Massachusetts Senate invites Pres. Medvedev to come to MA ? May 2010, Delegation of 20 prominent venture capitalists to Moscow (VC Trip), supported by State Dept. ? June 2010, Skolkovo Board of Directors announced - 6 Russians, 6 foreigners, incl. 3 Americans. ? June 2010, Pres. Medvedev visits Silicon Valley ¨C Several high-profile agreements signed. ¨C President Medvedev decides to open Skolkovo project office. ¨C Agreement between MIT and Skolkovo Foundation to explore wide ranging cooperation in education, research and entrepreneurship signed.
- 6. The US and Russia: New Possibilities
- 7. Russia ¨C US: Complementary Strengths ? Russia¡¯s 5 technological priorities match US core competencies: ¨C Biotech and life sciences ¨C Cleantech - new energy sources ¨C IT and supercomputing ¨C Space and telecom ¨C Nuclear technologies ? Russia can become resource for manufacturing facilities, R&D personnel, scientific advances to be commercialized, clinical trials ¨C MA can host Russian corp. offices, tech holding companies, provide training to entrepreneurs and financing of new companies. ? Russia¡¯s domestic market, especially for new energy and biotech projects with underlying layer in nanotechnologies, is very promising
- 8. ? SUCCESSFUL IMPLEMENTATION of NEW IDEAS that CREATE VALUE ? Innovation is strongly linked to R&D (R&D accounts for nearly half of U.S. economic growth, with an ROI of 30%) ? But Innovation is more than just R&D. Innovation encompasses: ¨C new products, ¨C new processes, and ¨C new ways of engaging the customer and creating quality ? Innovation is fundamentally about applying new ideas in organizations, not just about creating those ideas. Innovation: Some Common DefinitionsWhat is Innovation?
- 9. Innovation Ecosystems Academic Excellence Innovation Ecosystem Venture Capital Thriving knowledge based sectors Tech transfer and commercialization Serial Entrepreneurs Public and Seed Funding, grants and loans Innovation Ecosystems Innovation Ecosystems are the foundations that support all knowledge-based activity: Government / Policy
- 10. Why Innovation Matters ? Buildings ? Incubators ? Tech Parks ? Tech Transfer and Commercialization Offices ? Groups of Scientists ? A University ? Clusters of Businesses ECOSYSTEMS are NOT: What are Innovation Ecosystems?
- 11. Why Connect Innovation Ecosystems? ? Prosperity depends upon the productivity with which the Russian economy uses labor and capital to produce goods and services. ? Sustained economic growth will require continued innovation at all levels of the economy, especially as we enter a new era when the workforce will be increasing more slowly. ? Innovation infuses the economy with growth-incubating new ideas, new products and services, and new technologies. ? Productivity rises because of innovation.
- 12. Pittsburgh - Manchester We build the bridge between ecosystems! Pittsburgh, PA Manchester UK Our Experience Linking Two Innovation Ecosystems:
- 13. Our Experience Linking Two Innovation Ecosystems: Pittsburgh, PA Pittsburgh was named in 1758 by General John Forbes in honor of British Statesman Sir William Pitt From Steel to High Tech and Life Science: the birthplace of the polio vaccine and the multiple organ transplant ? The University of Pittsburgh Medical Center is an $8 billion global health enterprise, integrating 20 hospitals, more than 400 outpatient sites, a major insurance division, and an international and commercial unit ? The McGowan Institute for Regenerative Medicine serves as a single base of operations for leading scientists and clinical faculty to develop tissue engineering, cellular therapies, biosurgery and artificial and biohybrid organ devices. ? Centers like the Pittsburgh Life Sciences Greenhouse, Innovation Works, The Technology Collaborative and the Pittsburgh Technology Council help entrepreneurs bring innovations to the marketplace ? Strong BABC
- 14. Manchester UK Named in AD 79 for Roman fort and settlement Mamucium From Textile Manufacturing and cotton production (Cottonopolis and Warehouse Cit) to the first industrialized city to professional services, life science industries, creative, cultural and media, manufacturing and communications. ? The largest Cancer Research Centre in Europe - The Christie NHS Foundation Trust ? The largest Cardiovascular and Renal Clinical Research Networks in the UK ? The largest European Centre dedicated to the Ageing and Health (Newcastle) ? MIMIT ¨C Manchester Integrating Medicine and Innovative Technologies ? Manchester Academic Health Science Centre (MAHSC) - partnership between six NHS organizations and the University of Manchester ? University of Manchester Incubator Company: A growing portfolio of incubators, covering both the Bioscience and IT/Hi-Tech sectors ? NHS Technology Adoption Centre ¨C Marg Parton as CEO Our Experience Linking Two Innovation Ecosystems:
- 15. Our Access to Clusters Healthcare , Devices, and Diagnostics Healthcare , Devices, and Diagnostics Consumer and Food Products Consumer and Food Products Biotech and Personalize d Medicine Biotech and Personalize d Medicine Energy, Renewable s and Cleantech Energy, Renewable s and Cleantech Space Technologies Nano and Materials Space Technologies Nano and Materials ICT, Digital and Creative Media ICT, Digital and Creative Media Russia Innovation Collaborative Russia Innovation Collaborative The Russia Innovation Collaborative has experience in and access to a wide variety of sectors:
- 16. Russia ¨C US: Practical Next Steps ? Create a series of public events to raise awareness of US innovation ecosystem model in Russia and vice versa ? Sponsor a series of trips for East Coast entrepreneurs to Russia ¨C Sept. 23-25 to Novosibirsk and ¨C Sept. 28-30 to S.-Petersburg ? Expand on existing relationship with Academpark by developing formal cooperation agreements with key innovation centers or institutions in Russia, i.e. Skolkovo Foundation, regional tech parks, industry associations. ? Bring a delegation of Russian Companies and Policy Makers to Boston in Spring 2011 for intensive innovation and entrepreneurial policy program.
- 17. Example Program
- 18. Example Program
- 19. The Russia Innovation Collaborative has the experience and desire to link Innovation Ecosystems in the US with the Emerging Innovation Ecosystems in Russia. In Conclusion: