comes off to the head of microsoft's steve ballmer kicked off proceedings with a deal to join russia silicon valley called skolkovo the head of russia's nanotech corporation probably those high tech sector most high profile of the market not a technology kind of tell it to myself build another joint venture fund which will invest in question take me take rooms around this event feel good but with investors many from the original silicon valley in california speaking to russian in fences for him to come up with the next big thing and investors have been telling us that they see formal potential for a growth rate because the sector is so far out tops unlike the moment your economies like the united states someone who knows pretty well success is cool kind of off the massachusetts institute of technology and she joins us now know this kind of are so me how excited are you by the things that you see here but this is a really impressive display i have must say more so than i expected when i came here the scale of this exhibition is very impressive and the number of different regions around russia that a

comes off to the head of microsoft's steve ballmer kicked off proceedings with a deal to join russia silicon valley called skolkovo the head of russia's nanotech corporation probably those high tech sector most high profile of the market that of technology and of tele choice of building and all the noise venture funds which will invest in russian take the meeting rooms around the service event of field at the moment with the investors many from the original silicon valley california speaking to russian inventors for him to come up with the next big thing i do business have been telling us that they see for potential lawyer growth rates because the sector is so far out tops unlike the more mature economies like the united states one side who knows the secret of success is called kind of the massachusetts institute of technology and she joins us now no physical desires tell me how excited are you by the things that you see here this is a really impressive display i have must say more so than i expected when i came here the scale of this exhibition is very impressive and the number of different region

overseas millions of dollars to russia silicon valley help startups write that's what good although it's a more web site that's. former prime minister. has died at the age of seventy two he was the head of the country's government from ninety ninety two to ninety ninety eight some of the most turbulent years for the country following the collapse of the soviet union well after his work in the government he was appointed to russia's ambassador to neighboring ukraine a year ago he became a presidential aide his family said he was suffering from a serious illness but gave no further details yet and was born in the north korea in the energy sector becoming the soviet minister in the gas industry right here her two sons and four grandchildren. now to some world news in brief this hour. greece has suspended all mail deliveries abroad for forty eight hours after a series of possible it was sent to n.b.c. americans three of them were addressed to germany's chancellor merkel talian prime ministers rice and french president nicolas sarkozy some parts of athens have been closed off and security has

will be reduced to install was all all their benefits and several shows a dynamic girls when russia silicon valley creates a famous company like google or intel i believe that russia already have some come russia because young that see companies like us like micronesians. companies even named different industries which are us not invested like l b's which produce chips which is small glass companies and more importantly feel they can say google computers you are makes you know in this market at least. young that is right in said facilities outside of russia if you speak in the spot also ready. make him all the five six percent of sales in this country of vessels and also at the concert if you're speaking about the spouse guilt about an old us baskins of us really to understand the insulter you go through eighty percent toward revenue done by five six companies one who will cover number five all for company if you start margot cory butts here update from now but you can always find more stories on our website r.t. dot com slash business. the moment when the world has changed forever. thousands pass

reduced or at the school was all their benefits and several shows out there nama girls when russia silicon valley creates a famous company like google or intel i believe that russia already have some company russia because young that see companies like parallels like micronesians. companies even named different industries which are also not an investor like dell least of which produce chips which a small class company and more importantly feel they can say google computer is young it's young this marketplace. young because brandon says possibilities outside because they can evolve speil also ready. making only five six percent of sales in this country and wrestles and also i think on three if you're speaking about just past the everybody and all of us baskins of us we need to understand only in software industry eighty percent of all revenue done by five six companies and one who will care for number flyable for company it is time i don't know if. that's your business update for now what you can always find more stories on our website r.t. dot com slash business.

reduced or at the school visible all their benefits as they will shows a dynamic girls when russia silicon valley creates a famous company like google or intel i believe that russia already have some come russia because young the same companies like us like micronesians. companies even named different industries which are us not invested like dell release which produce chips which is small glass companies and more importantly feel taken so google computers young makes you know in this market at least. young that is right in said facilities outside of russia if you speak in the spirals already making only five six percent of sales in this country and the rest of them outside the country if you're speaking about just past the everybody in the open.

to russia silicon valley called skolkovo being built. memo story here because he says the whole project will become ports up in red tape and corruption now we're joined by the head of russian scientists a bit to stuff so far of bitches the government have to. bring scientists by the best scientists from abroad. because they do something for . minister of science indication africa's problems one program to provide temporary vision of scientists working abroad a force which success so many people clustering so many russians. the are scientific areas for them to russia to leave the group. to a few here as the program is to invite. for the more important project which has been budgeted about two million dollars to hear us and i believe to come back it does not and i haven't is a procedure it's take some time to people to re-install the relations with the scientific group to see how things are going on with them both the bars on the bench universities if they say to themselves well implanted these some of us with a light meter and so on so i

in plus microsoft promises millions of dollars to boost russia's silicon valley and help start ups with investment all that and more at our website that's our team talk. brazil's new president has promised to follow the path of a popular predecessor by making the fight against poverty one number one priority despite huge strides made in recent times many remain trapped by their circumstances and people struggling to find work in cities and coming up with their own ways to survive and feed their families who are in this to reports. a simple life this is lettuce tending your own garden. growing your own food it's a simple life worth fighting for even if you've built it illegally ses six times they've tried to kick us off and together with the church and with some politicians we've been able to are standing your ground because another life one you've worked to escape is always in sight not far from where you toil these are the favelas they are the slums in brazil it's the way the majority of the poor live in this country and where here are just a stone's throw away on a settlement this is

capability that they think of support capabilities all here tell us about your investment in russia silicon valley where looking toy is a fund that we will bring some outside money two hundred fifty million i'll probably measured here with another two hundred fifty million and we'll have about five hundred million to invest. in technologies that can either originate a find their way into commercialization here in russia how close is your phone to investing in russia we will be looking at something that is related to nano technology although in the united states we invest heavily with software and telecommunications with all the pros and cons of russian high tech the russians are very good at basic research they are not so aware of development and to try and direct the basic research towards a development commercialise project i think is going to be the challenge for russian scientists in washington journalists.

center hello that's right yes microsoft says it will conduct encourage research sulker russia's answer to silicon valley will have more details on that later in the program but first this hour hundreds of companies from all over the world are in moscow hoping to find out what russia has to offer in terms of nanotechnology an international forum is underway aiming to encourage more foreign investment in the sector our correspondent daniel bushell is following events at the us nanotech forum for. bush is going over guns blazing in his attempt to bring high tech to the country to transform the country from robots who was producer into an innovative one we've seen the high tech spots of silicon valley like google and intel of many more scope within the last month a russian official delegation that went to california to see how they do it of course the head of building you saw in silicon valley near moscow in a place called spoke about now we have this nano tech twenty ten pretty much the most high profile six or russian i think at the moment that a technology which involves breaking down materials into toit

moscow is being developed to bring out the country's innovation potential described as russia's answer to silicon valley where the quest to modernize is the topic of today's interview with a top see our guest with artie's nutz. that's the. mystery of the museum thank you for being with us today so why did the authorities decide to build a novation center from scratch rather than use takes base of science cities switch to moscow region alone has quite a number of good i often joke of skin for instance. little. firstly this innovation center isn't designed to be the same as a science city in soviet times science cities were built in our country as centers for scientific research the way i see it skolkovo is primarily a commercialization center the military industrial complex was the main consumer of products of sciences he's. everything is different its focus is on the junction between applied science and the commercial use of innovative technology products this is due to the fact that the market provides consumers for innovative products and development the consumer being primarily the population itself

now in other news microsoft says it will help russia develop its own silicon valley in skulker u.s. software giant will conduct research and encourage innovative research at business school heads of the skulker project effective excell but found a signed contract was not clear and intel. the majority of russians used their own money to buy medicines and nineteen percent of the short of cash for such drugs and you study by russian pulse and says around forty percent by medicine without doctors that fight. consumption in russia is eighty two dollars per capita that's right almost three times higher in great britain and roughly ten times higher in the west the russian authorities say they're considering setting up a drug prescription insurance system in the country no sooner than two thousand and thirteen. match up date for now we can always buy most henri's on our website r.t. dot com slash business. i was cell phones would be use.

now in other news microsoft says it will help russia develop its own silicon valley in skolkovo the u.s. software giant will conduct research and encourage innovative research at the business school head of the scope of a project victor plans to sign. with nokia and intel. next the majority of russians use their own money to buy medicines and ninety nine percent of them are short of cash for such drugs a new study by russian poll center says around forty percent by medicine without doctors and five percent consumption in russia was eighty two dollars per capita this race is almost three times higher in both person and roughly ten times higher in the u.s. the russian authorities say they're considering setting up a drug prescription insurance system in the country but no sooner than two thousand and thirteen. russia's internet advertising companies of a two hundred forty million dollars in the third quarter a survey by russia's association of communication agencies says they've almost overtaken outdoor and print a major advertisers in sales analysts predict that the internet may become r

capitalists who have visited russia recently and there have been two missions just this year one in me another one is in the cupboard and just a couple of years ago. silicon valley venture capitalists were not interested in russia at all they were you know they were not comfortable about russia they didn't know what was going on here even though everybody in the world knows about the high tech potential of russian science briefly could we actually see deals here today or is it too early for you for example well i don't think i can see deals today because it's a matter of you know it's a matter of long cross officials and something you normally have you know see companies you talk to them for a couple of months then you study the technology you go through the market analysis and said so i would expect you'll see right away on the spot but. i will have a lot of conversations here with but the show partners because we have a traditional venture capital for a super delegate because i am russian and i have a lot of connections here we are thinking about several different russian strategies for our fund it's not just investing it's also bringing technology expertise d

committee innovation project but it wants to see results before it commits to russia's state sponsored first of silicon valley that's according to the director for development and stretch it phillips he and the. bishops i was at and t. have research and development center in europe in mr johnson called in to have it in the center in the states and they have in china national knowledge the easy project in russia and the different you have to understand why they have to go to russia now and what is not clear to us but this is the theater in the states today what are the benefits to be in line russian city for that and that's the protestant the style the try to italy not some skull cause that's really all the destruction of television what are the benefits to the company swelling to the present. was all the business from joining the next stall for more business news. discover the treasures of russia with interest see its most valued and amazing gems . moscow parts of russia palaces and romantic channels of st petersburg golden jones and sacred spire the fairy tale of a russian winter every moment of your trip th

and microsoft will help russia to develop its own silicon valley in skolkovo up the u.s. software giant will conduct research and encourage in the fate of research at the business school head of the school of a project that it plans to sign contracts with nokia and intel. ok that's all the business news for now are join me next dollar for more and more stories on our website r.t. dot com slash business. discover the treasures of russia was introduced see its most valued amazing gems. moscow parts of russia palaces and romantic channels of st petersburg golden jolene's and sacred spires the fairy tale of the russian winter every moment of your trip to the thrill of england visitors to russia for over eighty years interest will ensure your visit to russia is one you'll never forget. you're watching our t.v. time now to have a look at our top stories for the south president dmitri medvedev visit to russia's karylle islands has sparked al qaida in japan which claims the territory as its own islands came under moscow's control of the end of the second world war now believed to

a microsoft will help russia to develop its own silicon valley in school about the u.s. software giant will conduct research and encourage innovative research at the business school head of the skolkovo project victor vets see better plans to sign contracts with nokia and intel have to vote saw a forty percent jump in sales for the first ten months of the year compared with two thousand and nine russia's largest comical sold around one hundred seventy thousand feet calls helped by the cash for clunkers program separately the company has recalled twelve thousand cars due to problems with the accelerator. well that's all we have time for knowledge join.

microsoft will help russia to develop its own silicon valley in school about the u.s. software giant will conduct research into cars in the future for search the business school head of the school called project plans to sign contracts with north korea and intel. and russian top lenders burbank is spinning the wheel of fortune itself it's set to take control of the various thought the federal entity monopolist service has approved its bit for seventy five percent of the company support la torre has won the tender to hold national lottery is in support of the olympic games in sochi the launcher is expected to raise about to billion dollars and lottery operator will keep about forty percent of the proceeds. after us saw a forty percent jump in sales for the first ten months of this year compared with two thousand and nine russia's largest comic us sold around one hundred seventy thousand vehicles helped by the cash for clunkers program separately the company has recalled twelve thousand cars to two problems with six of the rater. russians should work twelve hours a day t

microsoft will help russia to develop its own silicon valley in school come up the u.s. software giant will conduct research and encourage innovative research at the business school head office called a project that plans to sign contracts for thorough care and intel. and leading french defense contractor d.c. and will build vessels with russia's state owned ship building corporation d.c. and this is a specialist in naval carriers and will help to build both military and civilian ships. moving on russia could create a regional weak futures market with the chicago mercantile exchange the planned venture would add another global platform for trading in an exclusive interview with business r.t. deputy director of the commodities markets off the russian stock exchange said the path is almost clear. there are no obstacles regarding the legislation all the required measures have been adopted the technological process has also been set up and flying today on the basis of similar pressures middle contracts to make the decision to start treaty we need to gather a critical mass of

i have heard both two arguments one says but you cannot found silicon valley unavailable and russia has a history of making big decisions and building projects so it might happen it's not going to replace all of our great cities telegraph the spineless gulf sonthi the focus of great potential and many other cities and i think what russia is doing well in spoke of oil is set at tracting the largest foreign investors in it and that and i think this is this might be the fact that it's going to make it such as are you forcing your clients to invest in russia we are inviting our clients to work in russia in general definitely because we believe that there is a big opportunity for western funny very survival amount of natural resources where it's very strong fundamental science in chemistry physics various technologies and there is abundant capital to describe this development on the same way we see that reference and are stemmed the need for foreign partners for modernizing its industry and enveloping its innovation what you will see will she starts up investing abroad it's a simple reason i

i have heard both two arguments one says that you cannot found the silicone valley one of the other hand russia has a history of making big b.c. since i'm building projects so it might happen it's not going to replace all of our great cities telling about this one a false sun peter spoke has some great potential and many of us it is and i think what russia is doing will you spoke of war is attracting large sporting investors in it than that and i think this is so might be the fact that it's going to make it successful for your voice and your plans to invest in russia we have advice in our clients to work in russia into nato it definitely because we see a very certain people but unity for western companies very survived amount of natural resources very very strong fundamental science in chemistry physics my various technologies and various abundant capital to strive for this development on the same b.b.c. but russians and just them but need for foreign partners for modernizing its industry and developing its you know which ones you want to see will she start ups investing up rule with certain si

the school innovation project but it wants to see results before it commits to russia states for such version of silicon valley that's according to the director for development and structured it from that seated us who had bianca behest i was at and t. research and development center in europe in this one sounds of it if you have it in the center in the states and they have in china national knowledge of using religion to russia and be different you have to understand why they have to go to russia and what is not clear to us what is it the d.p.p. into the states today what are the benefits to be in line russian city college and that's the protestant the stand the try to italy not some skull cause that's really all the destruction of television without the benefits to the company supposedly into the present. not all the business from our join me next stall for more. hungry for the full story we've got it first hand the biggest issues get a human voice face to face with the news makers. in some petersburg she's available in hotels for a story and a little ambassador renascence built a koto patroclus otoh a true

background to to roll share within the last recent weeks the google i didn't tell the silicon valley giants have been in russia to see state start ups with a view to possible investment and then a russian official delegation was off to california to see how it's done and now we're here for ross not to take twenty ten focusing on pretty much the most high profile sector in the russian high tech at the moment nano technology which involves breaking down materials into tiny not only to atoms and then rebuilding the reconstituting them to make stronger loyd to new materials we're seeing breakthroughs in areas like medicine and i.t. as a result as well state corporation holding most nano has invited top experts here from around the world companies like cisco siemens the world's top mobile phone maker nokia as well as the leading computer print mini fracture of killer pie called m we're joined now by the managing director of wrist nano alexander sure alexander told me could this forum lead to specific deals as a result last night you know of course held a lot of think issue here i always say that and i was see what

medium term now we have had a lot of talk about modernizing russia's economy and our attempts of efforts to build the so-called silicon valley are in scope for what is your opinion on this well this is probably the most difficult challenge diversification of the russian economy and. there's no magic bullet there and i think so clearly creating some of these high tech clusters you know may help especially in specific areas where they develop and so on so forth i would emphasize that it's really going to be an error a different kind of measures and policies that i think will have to be put in place in order to unlock that creative potential of russian businesses and entrepreneurs and sometimes the devil is in the detail it's for example innovation why is it that russia has so many very bright engineers and innovative and creative. grassroots. thinkers if you like and yet there is very. small number of patents in russia compared to many other countries i think some think. maybe holding back this innovative creative energy of russian business and it could be a combination of things you know could be intellectual property rights

microsoft promise is millions of dollars to boost production silicon valley and help startups where the investment. of time website party dot com. russia former prime minister the enemy again has died at the age of seventy two he was the head of the country's government from ninety ninety two to ninety ninety eight some of the most turbulent years for the country following the collapse of the soviet union after his work in the government he was appointed russia's ambassador to neighboring ukraine and here again he became a presidential aide his family say he was suffering from a serious illness but gave no further details here that he was born in your rules and made a career in the energy sector becoming the soviet minister of natural gas industry his wife died in to see her two sons for. without her knees in brief the south. breeze suspended all mail and packaging degrees of crude . oil for series of possible scent clothing this is americans three of them were dressed german chancellor angela merkel it early and pm soon about a skinny and french president nicolas sarkozy some parts of athens have been closed off and security has been

the latest proposal to inspire a russian version of silicon valley but business leaders doubt the economy can be modernized by decree one thing with russia should adopt as it is a back best practice and learn from our use the actions how to how to implement initiatives it's also important to develop infrastructure also develop trust between businesses and national promote development of joint interest for example for vs i'm a little bit more skeptical about government directly investing into particular technology i think they should be led by private sector but i think what government should do and what steve should do is promote equal rights and promote clear rules and the right climate for such investments to post. the new has agreed on an eighty five billion euro bailout package for ireland but that is still only a fraction of the money the bank in the banks and ireland's have lost and many doubt their sums enough to halt the crisis the head of london school of economics told business r.t. that the bailout package is credible but irish banks will have to give up their global ambitions. and the rest of the european union are now standi

russia's placed fourth in the world in terms of investment in nanotechnology but some investors have doubts about the government's attempt to create a local silicon valley heinz could next president of semi europe spoke to our correspondent daniel bushell i haven't fully understood the project and i must say that i cannot tell you exactly what is in their mind. but what i can tell you is i've been working with the russian technology for for thirty years and i have seen the history of russia in technology is excellent so there's a lot of stuff here a lot of parts a lot of brilliant people the problem is to translate that into products and applications to build up an industry that's the bottleneck under sink the russian government has understood they want to build up a strong industry so it's not technology's not signs forget about that in russia it's building as an industry you have a wonderful cluster in russia. so when the. effect of semiconductors technology. s.m.u. so small and medium enterprises pass an excellent university to me it has a lot of insecure woods so this is the class that actually for semiconductor manufacturing is a model they takes a

silicon valley is the world's largest innovation center today this means that it has accumulated the largest wealth of experience which is closely related to investments we're interested in international investments in russia's projects not merely for the phones themselves but primarily for the experience competence expertise vision of the market understanding of mechanisms and technology of business dealings that accompany investments. a venture investor always brings his experience along with his money when investing in a business and experience wise american funds are certainly the most experienced today. having visits skolkovo last spring some investors criticize the project citing a lack of scientific minds is russia planning on involving russian experts from the west. i don't believe that in the modern world it's actually ness. sorry to physically bring people back from the west from developed economies where they've undergone training in international universities and research centers rather establishing a fission to mutually beneficial cooperation with the most important of the modern world's doesn't really require someone's physical presence as long as they participate in a project in my opinion the