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Development of Small Innovative Companies in Zarechny to Serve the Russian Market
Pages 79-87

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From page 79...
... The company's founding goals included facilitating conversion of research potential, performing research studies, and putting their results into actual production. The founders of Uralconversion included a number of former Soviet scientific-research institutes and design bureaus from Moscow, Yekaterinburg, Chelyabinsk, Tomsk, Kazakhstan, and Ukraine that had previously been involved in working on problems connected with reactor material development, including the Sverdlovsk branch of NIKIET.
From page 80...
... Administration, a Yekaterinburg bank, and the Beloyarsk Atomic Power Plant. Uralconversion essentially worked on providing engineering support for several projects involving research and development for scientific products.
From page 81...
... Other results included the preparation and coordination with federal ministries and departments of plans for the federal targeted program entitled Creating a Regional Research and Production Complex Zarechny Technopolis, which is included in the recently adopted Program for the Development of the City of Zarechny as a Science City. To implement this program, targeted funds have been allocated from the oblast government budget, along with investment tax credit funds from the federal budget and money from nongovernmental sources.
From page 82...
... This is particularly true with regard to the Zarechny City Administration, which in practice assigns the fund responsibilities for a great number of issues regarding the management of development in the city. At present the situation is improving thanks to the economic upswing as well as the new demand for consulting services in the municipal management sphere, where socioeconomic and management innovations are vitally important, and in the newly invigorated sphere of scientific-technical innovations.
From page 83...
... TECHNOPARK The Technopark enterprise was created as a closed joint-stock company on the initiative of the Development Fund for the Support of Small Businesses Working with New Science-Intensive Technologies. In addition to the development fund, the founders of the enterprise included the Sverdlovsk Oblast government's Business Assistance Center and the experimental production branch of a scientific research and design institute ~ · .
From page 84...
... In essence, these actions were taken in strict accordance with generally recognized venture capital procedures. One example of a successful venture process is a project for creating an enterprise to manufacture test gas mixtures.
From page 85...
... Moreover, the conflicts caused the managers to reregister the enterprise, and, as a result, the production facilities have essentially changed ownership. EKORAD The Ekorad enterprise was created on the initiative of employees of the Sverdlovsk branch of NIKIET as a closed joint-stock company for the development and manufacture of standard samples used for checking analytical instruments and monitoring the environment.
From page 86...
... However, the specifics of this sphere superimpose particular conditions on organizational structures for the support of innovation and venture capital activity. It must be kept in mind that Russia completely lacks the innovation infrastructure that traditionally exists in the West.
From page 87...
... To increase the scale of these efforts, plans for financing the Project for Creation of a Regional Innovation Center are included in the draft Program for the Development of the City of Zarechny as a Science City. To make activities in this area more successful, the oblast needs to pass a law on innovation activity and establish a program for the development of innovation activity, including the creation of venture capital centers to provide an infrastructure for promoting innovations.


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