many scientists in russia say the country has a huge intellectual potential but a thirty of commercial use of innovations is still the case with the ship business but hesitate to invest big money into risky projects which may work but hopes are that skolkovo the new innovation center dubbed the russian silicon valley can bring change and investment my guest knows how to turn ideas into money. you inventions can bring a lot of money they're 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 we have j.v. to be all wrong is a venture plan 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 best is from the inside tell us about them today spotlight. hello sandra hi thank you for coming to the show and welcome welcome to spotlight well first of all the big news in russia these days. and again the two russian scientists physicists that that got the nobel prize in physics this year well first question is we call them russian but they're russian by and they were educated in russia but one of them holds a dutch passport and the other one is a british citizen then they work in manchester and they did their work in manchester so my impression is that the whole firsts in russia.

when the many journalists are trying to avoid like saying there they say russia should warn russian origin that if that nobel prize goes to russians well would you do that if you if you were still russian you are russian a 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 a noble prize winner do think this is right something something smells wrong for me in this situation. i believe in a new category of people like them global russian mans that hulett does not matter in a longer way people were born as important that what they do benefits their mankind and to me russians can live in moscow or san francisco or london or any 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 than most of 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 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 all and 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. i cannot imagine 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 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 i rode over 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 in need here and is in greater need or brawn so so these never so love game guys i mean i mean they're absolutely right that they went. 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 turk into constructing the silicon valley outside moscow it 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 that 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 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 and to build companies here in russia and if they want to have the place as a market place well that's great too and we're in a position to cope with that well. i heard. the floor under which these two russian scientists worked 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 and life's more plays and in a technology world it really does not matter where it was originated there were actually a look at the centers of excellence 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 for 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 we should have a potential of competing with the global browns on the world market and there i think it benefits russia and 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 see that russian corporate lore 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 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 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 and venture capital away see it is the last frontier which still is. the laws on which is just didn't exist to come monday 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 does it keep the other well out 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 on their 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 they'll make the vironment where 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 one foreign investors russia well 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 don't know what opium the law is a lawyer should do the same or less to 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 they say oh you started the animal tell it will the rules are. that trailer works says i was andrew johnson president of the global to acknowledge. symposiums spotlighted will be back shortly after a break stay with us. forty two thousand americans die each year from 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 a year part disease is even more devastating it kills over eight hundred seventy

thousand americans every year. wealthy british scientists on. the. market. can. 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. every month we give you the future we help you understand how to get there and want to bring the best in science and technology from across russia and around the world to join us for technology update on our g.

i would be so much brighter if you knew about sums from finance to pressure the. dot com.

welcome back to spotlight i'll get along with just a reminder that we're used to in the studio today is alexandra 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 with innovative country i deliver russia 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 in the various elements of the system. that is science center university.

to foster and to. 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 spotlight anyone who has the details hi there today i'll try to find out if people in this country believe in the future of russian technologies and whether this technology just a little bit of the international arena. i believe that russian technology 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 lately i think the innovation city school is the right step towards immigrants rushing to knowledge. absolutely because we have great scientists with great education and we're going to miss that 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 pod gets. like you which pressure to colleges in particular interest for investors you. so what else except oil and gas that americans are ready to invest in to enrich lawyers help and so that will work with early stage companies and all the funds usually

a different share by sector some funds in violence and medical device invests 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 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 really to undertake well you mentioned last night and 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 are also nano going to bring these guys back to the shot so so i have an impression there that this thing that this call combo of the of the russian silicon valley is becoming too pop don't you have this idea that that like we russians say 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 arcadian 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 russian 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 innovating and 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 on 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 be. paying taxes on this and in the state now spotlights there were reports that the in the variations in skolkovo the russian silicon valley is geared towards foreign investment. sis google when intel microsoft nokia and philips these group players 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 has been granted a special legal status project participants will be exempt from paying 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 been 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 us 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 deals in the nations when not top of the east it was the elijah sector

again which again the un's over the years worth of agreements habits die hard and russia might have to go a long way before it 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 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 skulking. well i would be able ask what usually in my view is an investor and. it's very clear and needs to return mining for the investors that you trust them with the money as we do do use a little money ok use move money for yourself which is ok do you predict that skolkovo will be not only be profitable for investors like yourself but will be profitable

for russia or 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's spending in spending if you do make it happen well that won't happen overnight but of course it's a great development for the country because as i have mentioned before preserve jobs. there's nothing wrong with having the best companies in 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 in lieu or making is already working. there a direction. from and on the laws of 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 the masters just say always stay out of our way and to believe that the government can play a very important role in the innovation process it 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. frost's project but obviously ultimately it will benefit the country and i'm from. ok thank you thank you very much for being with us on the show and just a reminder 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 alberto at ality t.v. dot are you and let's keep spotlight into that we will be back with more for stan comments on what's going on in and outside russia until then stay on r.t. and take. thank you if i see the president. almost seventy years of the red machine with show me people wanted to leave in the . u.k. to make changes.

but was it possible to change the country's regime so quickly. with. on a closer link fundamental changes in the state on people's minds on. well

again this is coming to you live from the russian capital a quick check of the headlines. russian explorers and find a floating chunk of ice suitable as a base for a new month of drifting ice station as part of a year long polling addition intended to support the country's territorial claims in the resource rich region. russian security forces killed two suspected masterminds of september's market blast and with think of cars in the republic of north a sense here this three others arrested after a shootout also as a save the hunt for those involved in the north caucuses atrocity which killed nineteen is a. us secretary of state hillary clinton this is the great present

first time to try to open up talks with the self declared independent breakaway republic of course about. those the headlines from naughty. she is saying you know about your diet and the food you eat every day and may be completely wrong so up next part two of our special report revealing but socially hazardous food which could actually be leading us to an attic rave. you're not born with a biochemist your psychology degree so every second of your existence from birth to graduation people make decisions for you what you do what you wear what you learn and most important what you eat. as you grow older your parents obsess over paying the bills keeping everyone fed is their main priority and here's the problem they come home from a long day of work and exhausted they fix you dinner what is it processed food.