eking to make changes to the society was a need to. believe. but it wasn't possible to change the country's regime so quickly. and with no. monopoles only fundamental changes in the state on people's minds on r.g.p. . hello again a welcome to spotlight the m.t.v. 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 a theft of commercial use of innovations is still not the case with a ship businessman hesitate to invest big money into risky projects which may not

work out but it helps the skulk about the new innovation center dubbed 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 inexpensive way 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.o. laura is a venture tang focused on russia it promotes innovative ideas and helps entropy know those who want to start a business in science heavy spheres alexandra is a part of the global innovation partnerships the silicone valley delegation to russia knows the problem not to mention investments from the inside and will tell us about the. today spotlight.

hello zonal 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 spirit 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 say there they say russian war and russian origin that that nobel prize goes to russians well would you do that if

he if you were still russian you are russian virus into say so do you like the idea of being proud for somebody who who dumped his own country went to work abroad and became unable to his will did you think this is right something something smells wrong for me the situation. i believe in a new category of people like them global russian man's that does not matter in a longer way people born at import that what they do benefits their mankind and to me 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 and the world well i mean when i was glad when i listened to close the medvedev says address of a couple days ago when he when he gave the best teacher award he said it's pretty.

that these guys actually made their discoveries abroad 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 the russian is pretty much a state of mind it has nothing to do with the place where a person lives and when he said 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 how a poet can leave the country and i have a lot of friends who are long they live in the u. ours but their poetry is in russian. 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 them abroad but these times rove are now i think a very is a new stage when you are absolutely right saying that if something if something is not you can provide is not needed here is in greater need abroad so

so these never sell of. 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 today 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 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 where all if we make an investment in

a company and that means we become partners with an entrepreneur and it's all about the job creation it means the smaller businesses will be created and yes it's a local business or one will 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 entrepreneurs build companies here in russia and if they want have the goal places a market place 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 will work in manchester is 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 and the products of all those big companies are pretty much from the world so my dream is that there will be businesses in russia which will be oriented as for the domestic market that is well with the 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 markets was doing my homework getting ready for the soon to be are really. lot of people who say that russian corporate law is not very helpful for venture business for example. they say they're limited partners and i'm quoting from 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 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 or trading 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 the 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 zippy. 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 is so far is not allowing for a robust structure of the way the western and us to is are operating under in the west so well that's changing slowly i know you will continue to write laws and

introduce them and just maybe that's what's called will do they'll make the vironment where on the investor would want to work there and they won't have to go offshore so there are laws in any country including russia that are written for foreigners for foreign investors like russia wants foreign investors russia welcomes foreign investors on the highest level do you have a feeling that foreign investors can influence the law making process of the rich oh i am a widow piñon law is a lawyer and should be the same or must it can last as all foreign investors it cost to be predictable. as long as the rules are defined an investor knows where they're getting into yes that is crucial what is not attractive one you get in the game and those ai you start and then will tell you what the rules are all the that

trailer works says i was andrew johnson president of the global technology. symposiums spotlighted will be back shortly after a break so stay with us there are no. forty two thousand americans die each year car accidents only a thousand. seven hundred thousand people. and thirty two thousand will kill themselves cancer in all its forms kills five hundred sixty thousand of us here part is easy the more devastating they kills over eight hundred seventy thousand americans every year. wealthy british scientists on. time to.

market why not. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines kinds a report. welcome back to the spotlight i'll get along with 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 in the bates and country. i've been lou russia has everything to be a technology power yeah because 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 centers university. to foster and. they have this option of doing something with. 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 spotlights anyone who has the details are there today i'll try to find out if people in this country believe in the future of russian technologies and whether this technology is a little better than the international arena. i believe that russia technologists can be competitive however it will take some time because we like the process of organization you have to do your trips but yes directly account today's government initiatives in the innovation sector should certainly bring results. yes but it won't happen soon because we lack innovation good idea that there's been a large brain drain like honestly i think the innovation city school is the right step towards immigrant future rushing to acknowledge it. because we have great

scientists with great education was really interested yes but only when the conditions for development inside the country change i think our government should pay better attention to and applied science out i've got me three he's got a question for our guests. thank you which pressure college isn't particularly interesting for industries you. so what else except oil and gas that americans are ready to invest into in rush hour 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 in the us and medical device or telecommunications or. semiconductors we particularly believe in the 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 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 and there are enough investments in russia which actually quite interesting and. i definitely. may be less of the companies we see in silicon valley. space exploration you know everything around it but that's to global it's not for a small fund really to undertake well you mentioned gross nano we started by these two never show laverne again they were two scientists that were awarded the nobel prize in physics the 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 so i have an impression there that this thing that this whole convo of the of the russian 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 arcade 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 volt in all that innovative business at the highest level i mentioned the president that really is obsessed about integrating yeah 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 and california budget needs help. 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 in this state now spoke lloyd there were reports that

the in the visions skull kobo the russian silicon valley is geared towards foreign investment. sis google when intel microsoft nokia and philips these group of 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 s. 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 and money was been granted a special legal status project participants will be exempt from pain valid 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 promoting the spread project in almost all of his foreign visits including one to the original silicon valley in the u.s. most recently he mentioned school 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 deals in the patients were not top of the waste it was the elijah sector again which again the dollars worth of agreements 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 physics but america's only way the best in business is

still are the best so i want to ask you do you smell profit for yourself or for american for foreign companies skullcap. while on the table as usual in market with an investor. return for the investor. is that you trust them in the money as we do do you some 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 it like roots of your we just saw the russian billionaire who who who is today who is spending and spending to do make it happen well i've long been over the age but of course it's a great development for the country because as i've mentioned before it's jobs.

it's nothing wrong with having the best companies of the world share their knowledge and expertise about how to build companies and maybe they would bring some technologies with them as well you told us about the laws that need change the new sort 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 london in 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 some of us just say always stay out of our way than to believe that the government can play a very important role in the innovation process because 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 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. on the show and just to remind that my guest in the studio today was alexandra johnson president of the global technology some fancy and that's it for now 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 at al gore at r t t v dot are you and let's keep spotlight into that 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. multis

available in this type. of peat the how it closer to the church in twenty hotels hotel world show his the groom photo the show would. be hotel kuvasz photo photo slim hotel resort evergreens the old hotel twenty grand victoria soto's glory a prince photo springs resort and spa tied to a hotel while she plans on post a photo. of the evergreen close a hotel in thailand tyee london. ambassador type the hotel full points and would print certainly the. entire windsor hotel in touch your group the photos a good goal how would international house flood to change every.

just said oh you. got to get stuck. to the challenges facing russian scientists living and working in the arctic it's tough but move towards a rich country staking a claim. afghanistan's lost generation of teenagers forced by one poverty to choose from work of education as they become there is only one moment's. america's columbus day holiday is clogged with protests in the so-called discovery was looking more political inquest into crimes against its indigenous people. and in the business bits and we had to walk five very aware had some big gaffe in the outline better plans but i suspect that for the next twenty or. more employees.

on air and online twenty four hours a day this is r.t. now it's one of the planet's most inhospitable places but the arctic is still a major draw especially for those looking to tap its treasures russia is among five nations declaring their rights over the region which is thought to contain a quarter of the world's oil and natural gas reserves and the latest in a series of trips to study area russian scientists will spend the year drifting on an ice floe ati's joined their epic expedition. have to run aggressive march through the arctic the resi ice breaker slows down to a crawl explorers are on a delicate mission to find a suitable eyes filled for the arctic.