This week’s edition of innovation update features Russia and how its government is pushing for technology innovation to get out of the boom-and-bust cycles of the economy.
New York Times Business reports:
The government will order ministries and state companies to use more of their procurement budgets to buy products that qualify as “innovative†and that are made in Russia.
State procurement orders total about $133 billion, he said, and 15 percent now go to Russian technology companies.
Government orders will “support everybody who wants to work in this sphere, everybody who wants to work for the future,†Mr. Kudrin said.
