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Regular version of the site

HSE Partners with Russian Venture Company to Develop and Promote TechUp 2015

The Higher School of Economics has gone into partnership with RVC to develop and promote TechUp2015 — a national rating for fast-developing tech companies. RVC is a government fund of funds and a development institute of the Russian Federation, one of Russia's key tools in building its own national innovation system. Since 2015, it  has been defined as a project office for implementation of the National Technology Initiative (NTI) - the long-term strategy of the country's technological development, aimed at formation of new global markets by 2035.

The purpose of the annual rating is to expose and promote up-and-coming, fast-growing companies which are introducing new technology and products on the Russian and global markets (you can read about the requirements the companies must fulfil to be included in the ratings here). The ratings give an idea of how successful the company is, its strategic plans, barriers, hindering more dynamic development and the the results of using government support. All this information is essential to improving government programmes intended to stimulate tech business and develop more efficiency to improve the competitive levels of Russian companies and in particular, increase exports of their goods and services onto foreign markets.

As part of the TechUp project, HSE aims to develop communications with companies in the rating, to assist them working with government bodies, development institutions, financial structures and the expert community to discuss the key issues and opportunities for technology development. One way of promoting the highest ranking companies will be to involve them in master classes and other educational events, organised especially for HSE students. Bringing fast-developing tech companies into dialogue with various professional communities will help cultivate the entrepreneurial climate in Russia, diversify the economy and increase the attraction for investors on the internal market.


Dan Medovnikov, Director of the HSE Institute of Innovation Management

The idea behind any national innovation system is to give rise to outstanding tech companies. It’s difficult to build one from zero, we need success stories to show us how it can be done, and preferably not just from other places - innovation needs to be country and even regional specific. Leaders in TechUp are good examples of national innovation winners - if we learn how to replicate the conditions they grew out of, we can help them to grow faster and improve their quality, and the chances for great tech companies to emerge in Russia will increase dramatically.  

Source: TechUp

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