people wanted to leave in the past. looking to make changes to society was immediate. i don't believe. but was it possible to change the country's regime so quickly. and with no. monopoles only fundamental changes in the state run people's minds on r.g.p. . hello again a welcome to. the show on our take i am al green arvind today my guest in the studio is alexandra johnson many scientists in russia say the country has a huge intellectual potential but effective commercial use of innovations is still

not the case with the ship business but hesitate to invest big money into risky projects which may not work out but it helps the skulk about the new innovation center and the russian silicon valley can bring change and investments my guest knows how to turn ideas into money. you inventions can bring a lot of money that actively applied innovative products but there's a long and expensive wait from your idea to an actual device you can use venture funds or special organizations that invest money into risky enterprises based in silicon valley j v t b a laura is a venture upon focused on russia it promotes innovative ideas and helps those who want to start a business in science heavy spheres alexandra is a part of the global innovation partnerships the silicon valley delegation to.

russia. knows the problem which best it's from the inside tell us about them today spotlight. hello then or hi thank you for coming to the show and welcome welcome to the spotlight well first of all the the big news in russia these days are another sell of the game the two russian scientist physicist that that got the nobel prize in physics this year well first of all my question is we call them russians but they're russian by birth they were educated in russia but one of them holds a dutch passport another one is a british citizen then they work in manchester and they did their work in manchester so my impression is that the whole forests in russia when the many journalists are trying to avoid like saying there they say russian

war russian origin that that nobel prize goes to russians well would you do that if he if you were still russian you are russian version to say so do you like the idea of being proud for somebody who who dumped his own country went to work abroad and became an adult was when did you think this is right something something smells wrong for me in this situation. all i believe in a new category and i call people like them gold gold rush and man's hulett does not matter in a longer way people were born as important that what they do benefits their mankind and to me the russians can live in moscow or san francisco or london when you place in the world russians are not gypsies they do have their own country and the world well i mean when i was glad when they listened to the

divs address well a couple days ago when he when he gave the best teacher award he said it's pretty. that these guys actually made the discovery's braun that he would prefer russian scientists to get the possibly not only to get the training but also to do the research here in this country. global russians isn't is a good word but but i think not for russians for the globe but not for us. i would disagree with because to me in russian is pretty much a state of mind it has nothing to do with the place where a person lives and when you say that russians and gypsies for sure but i would say would have to think of the roots. of russian would always stay in russian because of this deep connection to culture and everything they've been raised with the way

they've received the world but their job and whatever they do in their career is say the market for their product is in europe or that whatever or the creator is in demand in the you hours because the market is still there while that's that's what this happening i don't i don't but if you are a writer or you know i cannot imagine a poet can leave the country and i have a lot of friends who are and want to live in the u. ours but their poetry is in russian. that that i would draw a line there well actually we did have a situation when the when authors poets and writers russian lived abroad had to live and abroad but thanks god these times i rode over now i think there is a new stage when you are absolutely right saying that if something if something is not you can provide is not in need here and is in greater need abroad so

so these never so love. guys i mean i mean they're absolutely right that the when. to place manchester where where they were given a chance to go ahead with their. research but is what you are doing for russia to doing i mean investments into high tech into constructing the silicon valley outside moscow is this. for a large extent to to to to meet people study to me not to to bring americans here but at least to to to to keep russians work here in this condition i would say the venture capital is an industry where is the creating jobs for the country because this is a business somewhere and one cannot just make a place money and forget about it that's what makes it different from private

equity or banking so and then check out what all if we make an investment in a company and it means we become partners with an entrepreneur. it's all about the job creation and means of the smaller businesses will be created in yes it's a local business i want to say we're in the business of creating jobs and helping people come from when a dear to something which can be sold or our share with the world it's a very domestic business so in that sense yes i would like to local and to printers build companies here in russia and if they want to have the place as a marketplace well that's great too and we're in a position to help with that well. i heard. the floor and which these two russian scientists were it's the nobel prize winners were work in manchester's called the russian floor because like all the professors there

are russians what you just call global russians is i so global russians are really good for for england for my. just for america but. are you sure that foreign investors like yourself are ready to develop new technologies here in russia and those deprived from more and more global russians are all as. before and their world is becoming a much smaller place and in a technology world it really does not matter where it was originated there were actually a look at the sounders of axons silicon valley is not the only center anymore and now what it was created in silicon valley is being used in russia and asia the products of all those big company is pretty much from the world so my dream is that there will be businesses in our star which will be oriented as for the domestic

market that is well we should have a potential of competing with the global brands on the world market and there i think it benefits russia the. it's time. together the global market doesn't resonate was doing my whole were getting ready for the soon to be your i read. a lot of people who say that russian corporate law is not thoroughly helpful for venture business for example. they say they're limited partners but i'm quoting the papers can pull out of our fund at any time and all investment decisions must go through several levels committees and so one is it really so but is it going to change is the change. necessary for people like q two to two to really unfold their business here that is a very important question because the infrastructure does matter in this business

and. well if you look at the banking sector fifteen years ago it probably didn't exist in russia. or their law firms trade in major branches of international law firms and the reason i'm saying that that now you can see a very sophisticated banking system in russia the venture capital and the way see it is the last frontier which still is on. the laws on which is just didn't exist to come one day the needs for that particular structure and what you quoted it yeah it's right it's for this it's a mutual fund system which is adopted in russia as a people. there were a lot of limitations it imposes on an investor. it's hard to even the fund wants to set up shop in russia the legislation so far is not allowing for a robust structure of the way the western and us to is operating on there in the

west now but that's changing slowly i know people will continue to write laws and introduce them and just maybe that's what's called will do and they'll make the vironment where the investor would want to work there and they want to go offshore so there are certain laws in any country including russia that are written for foreigners for foreign investors like russia wants foreign investors russia well foreign investors on the highest level do you have a feeling that foreign investors can influence the law making process and rich oh i am what opinion the law is a lawyer and should do the same for domestic investors or foreign investors it costs to be predictable. as long as the rules are defined and investor knows what they're getting into yes that is crucial water is not attractive one you get in the

game and those ai you start and then will tell it will the rules are. not trailer works says i was andrew johnson president of the global to acknowledge. symposiums spotlighted will be back shortly after a break so stay with us there are no. wealthy british style sun. spot on. the. market why not. come to. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines kaiser reports on.

line. would be so much brighter if you knew all about sun from funds to crash in these. stocks on t.v. dot com. welcome back to the spotlight i'll get on in just a reminder that my guest in the studio today is alexander johnson president of the global technology symposium. speaking of russia speaking of investment in russia does russia have any

comparative advantage in terms of innovations except except the the the obsession of the our young president with integrating the country. i has everything to be. technology power yeah. i think what is now happening that. venture capital is an very important element but one element of the innovation ecosystem and what needs to happen the various elements of that system. that is science center university. to foster and to printers so that. they have this option of doing something with their great ears and then investors need to be able to me. but when it comes to. deep science which was developed many decades ago i am

a firm believer exists. so here is what our global russian thinks about innovations in russia now let's see what the mystic russians think about the competitiveness of their technologies spotlight's. has the details hi there today i'll try to find out if people in this country believe in the future of russian technologies whether this technology is going to be a bit of a little national arena. i believe that rushing to acknowledge it can be competitive however it will take some time because we like the process of organization it's true yes directly accountable today's government initiatives in the innovation sector should certainly bring results. yes but it won't happen soon because innovation good idea that there's been a large brain drain lately i think the innovation cities called was the right step

towards immigrants rushing to college. because we had great scientists great education movement interested yes but only when the conditions for development inside the country change i think our government should pay better attention to an applied science out i've got me that he's got a question for our guests. like you which pressure colleges in particular interest for investors. so what else except oil and gas that americans are ready to invest into in russia was help and so that will work with early stage companies and all venture funds usually different by sector some funds in violence and medical device invests and medical device or telecommunications or. semiconductors we particularly believe in material science in russia and that is why are there on this institute of development it's called the nano which helps

identify those scientists who might have a commercial applications i would see material science is one of the areas where we definitely should look alternative energy as the rest of the world is worried about there are enough investments in russia which are actually quite interesting and. i definitely. maybe less of the companies we see in silicon valley or space exploration you know everything around it but that's too global it's not for a small fund real it to undertake well you mentioned ross lerner we started by these two never show laverne game they were two scientists that were awarded the nobel prize in physics the two russians work in manchester the next day after the announcement of the in their nobel prize nominations the journalists in russia started talking about is our us now no going to bring these guys back to the

shot so i have an impression that this thing that this call convo leave the russians silicon valley is becoming too pop don't you have this idea that that like we russians so you know too much power goes into the whistle though or am i mistaken. i think the more the better route because that's what it will take for the country which for many years is dependent on natural resources i think it will to power of the russian ancient company and it's called core and other sectors and centers and i would really encourage us to think about the regions because what you're describing and small of a kid in moscow but i happen to believe that there are scientific centers in the russian far east and say bierria in st petersburg. i would say there's not enough i

would say should be more russia in russia the government is greatly in the vote in all that innovative business at the highest level to mention the president that really is obsessed about integrating this country california with the original silicon valley is located. gov shorts no really patronize ing innovation the high tech business in the valley order where he deals with mostly sewage systems and funding. all governor schwarzenegger has a lot of his plate california budget means. the economy is quite challenging shall we say but california also has one of the most innovative states in the country arguably in the world and i imagine the governor schwartz and they're very pleased to have companies like cisco and h. be. paying taxes on this and in the state spotlight there were reports that

the in the visions in skolkovo the russian silicon valley is geared towards foreign investment. sis google when intel microsoft nokia and philips these group players it will be mentioned as potential investors into russia's school innovation center despite details being. and far between it's already known that cisco systems last pledged a billion u.s. dollar investment and intel is already engaged in a joint project with the moscow school of management ways that skolkovo its the innovation design lab which will eventually be used by young scientists for their own start up projects to attract even more foreign experience in money has been granted a special legal status project participants will be exempt from pain very income and property taxes for a decade but for the next three years you don't have to be it's going to get the

tax breaks project members will be able to work outside the technology park until two thousand and fourteen while the innovation center campuses being built president medvedev has been promoted in his bed project in almost all of his foreign visits including one to the original silicon valley in the u.s. most recently he mentioned to china's president hu jintao at the world expo engine high it's reportedly caught the eye of chinese businesses which is showing enthusiasm about join in but when it came to sign a deals in the nations when not top of the east it was the elijah sector again which again the dollars worth of agreements old habits die hard and russia might have to go a long way before its economy shifts towards innovation. how there may be may be the russians as they're proving every once in a while are the best in the physics but americans anyway the best in business still

are the best so i want to ask you do you smell profit for yourself or for american for foreign companies in skolkovo. while on the table ask what usually market with an investor. return for the investor. so you trust in the money as we do do use a little money ok you smell money for yourself which is ok do you predict the skolkovo will be not only be profitable for investors like yourself but will be profitable for russia will start making money for those who are who are who are paying to to to build a leg look to your we just saw the russian billionaire who who who is today who is spending in spending if you do make it happen well i've long been over an age but

of course it's a great development for the country because as i've mentioned before it preserve jobs. is nothing wrong with having the best companies of the world share their knowledge and expertise about how to build companies and maybe that would bring some technologies with them as well you told us about the laws that need change the new set of rules then the government is creating for skolkovo they are better are they do you think. this innovation in it lou or making is already working. there a direction. from and on the laws which it's quite noticeable already and there's of course is a long way to go but people always argue of the role of the government and someone masters just say always stay out of our way all out than to believe that the government can play a very important role in the innovation process it was our infrastructure and that is something only government really can take care of and of us one in the basic

research i am a firm believer that the basic research should stages that if everybody will just be thinking about how to commercialize every idea or well it will not be good either so yes it will be a long term process project but. ultimately it will benefit for the country that i'm with. ok thank you thank you very much for being with. on the show and just a reminder that my guest in the studio today was alexandra johnson president of the global technology sometimes and that's it for an hour from all of us here if you want to have your say on spotlight or if you have someone in mind to you think i should into the next time please drop me a line that al gore at r t t v dot are you and let's keep spotlight interact we will be back with more from stan comments on what's going on in and outside russia up until then stay on r.t.

and take a. thank you if i see my president. and

discover which museum. would you want. to become free. to give you.

cause he's told stories california's governor arnold schwarzenegger hate small school invited by the russian president to bring silicon valley brainpower to hold the country's high tech ambitions. five policies a win states in kyrgyzstan holman's up to sunday's election but with no clear winner of the country's political direction remains unclear. and all the children all fit for adoption in the u. os all for talk to the american old a new study finds that blocking friends have a nest chance of finding a new family than white babies. up next is that all the shows from our washington studio.

welcome the ilona show where you get the real headlines with none of the mercy me live out of washington d.c. now as many celebrate columbus day by sitting at home or going shopping we're going to take a look back to columbus is real legacy over the years he's been portrayed as an explorer but some are arguing that it's more like an exploiter party correspondent john hafiz will have that story next we're going to take an in-depth look at the tea party today we'll ask if they're suffering from an identity crisis and if we can really consider them a grassroots movement anymore we'll look into where the tea party gets its funding and the founder of the web site battle cam dot com made a deal months ago he said that if anybody went streaking in front of the u.s. president in public while promoting the web page that he would give them a million dollar prize well somebody finally took a battle cam dot com on the offer but will he actually get the money we're going to speak with the billionaire and founder of the website the david.