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The Role of Foreign Partners as Investors and Customers in the Development of Small Innovative Companies
Pages 209-215

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From page 209...
... The technical concept used by the company differs from conventional techniques used to manufacture titanium alloy parts. Based on hot pressing and vacuum thermal treatment, it considerably reduces costly raw material expenses and provides finished products with the required technical parameters.
From page 210...
... and work on developing software for microprocessors for Intel, among others. The main activities of OCC are the following: · research on the development and improvement of physical and mathematical models to describe various physical processes · research on the development and improvement of numerical methods · creation of applied programs and software packages for the mathematical modeling of various processes Initially, collaboration with the foreign partner was pursued along two main lines: 1.
From page 211...
... enterprise was created in 1995. Oil and gas enterprises and mining companies currently use three main techniques for increasing their extraction output, that is, pumping liquid into the productive underground layers to squeeze out material to be extracted, creating artificial seismic effects, and perforating drill holes with explosive or electromechanical devices.
From page 212...
... are far more favorable for successfully joining different types of metals, thus substantially reducing the high temperature effect on the materials that is characteristic of the majority of melt welding methods. Bimetallic articles are remarkable for the following characteristics: · the high strength of the weld over the entire contact surface (not less than that of the metals welded together)
From page 213...
... Several points on successes and difficulties in working with foreign partners should be mentioned. Success depends upon such factors as · strong foreign customer · not much funding required to develop a prototype · pre-assembled staff with a good amount of scientific-technical work already complete factors: Difficulties and subsequent slow growth are caused by the following · major expenses for marketing and seeking real partners, especially in the Western market · lack of funding for relatively expensive intellectual property protection in the Western market · obligatory certification in compliance with Western standards · unfair competition Let us analyze the successes and difficulties encountered by the aforementioned companies in their work with foreign partners (see Table 1~.
From page 214...
... 214 5~o be c .
From page 215...
... Today we have sufficient practical experience working with foreign investors and customers that we are in a position to create new firms. However, in our view, this process also requires the support of international funds and foundations for the closed administrative-territorial zones.


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