In Kazan passed joint meeting of board of the Nanotechnological Society of Russia (NTSR) and Tatarstan office of NTSR on a theme "The organization of financing of hi-tech projects: international and Russian experience"
Выпуск #5/2014S.Volab The priority of NTSR is the financing of high-tech projects
In Kazan passed joint meeting of board of the Nanotechnological Society of Russia (NTSR) and Tatarstan office of NTSR on a theme "The organization of financing of hi-tech projects: international and Russian experience"
The meeting was attended by representatives of more than 85 companies, universities, research and development institutes, financial and investment organizations from Tatarstan and Moscow, as well as foreign partners from Israel and Korea. Presentations were made by leading experts in the field of financing and development of high-tech investment projects. The initiator and moderator of the meeting was the vice-president of NTSR Boris Pavlov. Listed below are the main theses of the speakers. The main trend is the acceleration of the innovation process Boris Pavlov noted, that in order to accelerate the innovation process and enhance its impact on socio-economic life of the society, it is necessary to solve the problem of creation in Russia of an effective integrated management system of leading development of science in relation to other sectors of the economy, and also the dynamic implementation of the IDE – Innovation Design Engineering. This will allow to effectively implement innovations in the form of new or significantly improved process, a new or enhanced product, which would be demanded by the market and used in practice, either in a new approach to the implementation of social services. It is essentially important, that the success of basic research should always be accompanied by a proportional increase in applied science and creation of new highly efficient technologies and products.
Development of innovative design engineering will allow to define character and methods of practical activities of each of participants of creation of an innovative product, and also the principles and an order of their interaction in the process of development, design, implementation, promotion and introduction of innovations. This engineering will ensure compliance of qualities of an innovative product to requirements of the market on key criteria: cost, safety, energy consumption, environmental friendliness. In the framework of the NTSR with the participation of specialists of Gazprombank is developed and tested in practice SMFLP – System of Manage Full Lifecycle Project, part of which is the innovative engineering. The system includes training and covers all the main stages of development and implementation of high-tech projects: researches (research and ideas generation, based on achievements of fundamental science and modern technologies in the interests of the existing and projected needs); sampling and analysis of ideas, together with all stakeholders, including investors through a public-private partnership; technology development (R&D, development of the concept of innovation and its verification); development of marketing strategy (market research and selection of promising market segment for innovation); • preparation of feasibility study, based on the technical part of the innovative proposals, estimation of cost of all types of resources, number of employees, turnaround time and cost effectiveness of the project; development of design documentation; organization of production and sales. In conclusion, the speaker pointed out a number of additional areas of improvements in the financing of high-tech projects in Russia, which along with the above will create necessary conditions, "critical mass" for progress in the development of innovative economy of Russia: creation of conditions for dynamic growth in Russia of international institutions (funds) on the organization of financing of innovative projects based on public-private partnership, the issuance of infrastructure bonds, the allocation of state grants for research and technological support of projects; facilitating the creation in Russia of international engineering companies for research and design-technological support of the portfolio of innovation projects; organization of regional innovation clusters for joint modernization of existing facilities and development of new sectors of the economy in the form of special economic zones, areas of advanced development, innopolises, smart cities and innovative parks. Attracting investments and import substitution According to Ildar Mingaleev, the attracting of Russian and international investments for the implementation of innovative projects on modernization and technological development and the creation of new high-tech and competitive industries, as relevant as ever for the industry. It is confirmed, in particular, by resolutions of the Russian government on granting subsidies from the Federal budget, including those aimed at the implementation of new complex investment projects in priority areas of civil industry (decree of the RF government No.3 of 03.012014); at research and developments on the priorities of the civil industry in the framework of implementation of complex investment projects (decree of the RF government No.1312 of 30.12.2013); at the implementation of research and development work and testing of wheeled vehicles (decree of the RF government No.29 of 15.01.2014). In the conclusion the deputy minister supported the offer of the NTSR on giving to the meeting of the status of annual international scientific and practical conference. Shamil Ageev noted that the issue of attracting investments for the implementation of innovative projects on creation of new knowledge-intensive and highly competitive industries in Russia is extremely important. And first of all, in connection with the development of import substitution, as it is necessary to correct the bias in the procurement of equipment abroad to the detriment of the implementation of their own development. This problem is associated with a number of as yet unresolved issues, for example, with increasing of involvement of business in the commercialization of technological developments. Available experience of implementation has rather imitating character. The figures are still not in our favor: in Japan and Germany 35% of companies are "innovative active", in Belgium and France – 41-43%. Therefore, it is necessary to reflect at the state level, why do companies decide to save on innovations and R&D? According to the speaker, the event, held at the initiative of the NTSR, acquires a new significance for the formation of current strategies for financing of high-tech projects. Presented in the reports of foreign experience necessary to study and to learn from the best. This will give a positive effect in terms of the socio-economic development of the republic and the country and will form the innovation-oriented research-and-production base for successful implementation of research projects not only within the country but also in foreign markets. Successful innovative business in the field of instrument engineering Victor Bykov gave special attention to the necessity of interaction between public funds and private business for provisioning and financing of high-tech projects in the field of instrument engineering. As an example of such interaction was considered the experience of the company NT-MDT. In 1989 NT-MDT received its first grant from the state Committee on science and technology of the USSR on the topic "Molecular monoelectronic". The result was the development of the first Russian serial scanning tunneling microscope STM-10-MDT and a pilot batch of 10 devices. In 1992-1995 in framework of program of the international scientific-technical cooperation "Elbe" was received the first order from foreign partners. The volume of supply in four countries amounted to $400 thousand. In 1996 NT-MDT received interest-free investment loan in the amount of $1 million from the Ministry of economic development of Russia. As a result, in 1997 – 2003 were concluded 500 contracts in the amount of $17 million with customers from 32 countries. Investments in the amount of 3 million rubles from the Fund of support of small business in 2002 helped to create scientific-educational complex Nanoeducator and in 2004 - 2011 to implement about 500 projects totaling $15 million in 22 countries. In the framework of the "Megaproject" from the Ministry of industry and science were obtained budget investments in the amount of 300 million rubles in the creation of installations for nanolaboratory. Due to this in 2005 – 2011 were performed more than 1,500 contracts worth $152,4 million in 58 countries. At creation of complex installation of the fourth generation Spectrum, in which the combined probe microscope, optical microscope and Raman spectrometer, R&D was carried out with the support of Russian Foundation for Technological Development, provided interest-free loan of $90 million in 2013-2014. In June 2014 started of a new project to create an automated cluster system for high-performance electron-lithographic processes with funding of 790 million rubles from the Advanced Research Foundation. To the question: "What is missing in Russia for the development of high-tech business?" Victor Bykov replied as follows: "We need to create the exchange of domestic high-tech enterprises, such as NASDAQ – it will make the investment in such enterprises profitable. We also need to develop large businesses operating in the global markets". Promoting of innovations: the Israeli experience Oleg Figovsky noted, that in the world there were four main centers of scientific researches: the USA (31% of world spending on R&D), European Union (24%), China (14%) and Japan (11%). Russia's share is less than 2%. Experience of Israel, which take the second place after the USA on number of annually established startups, can be an example (3,500 companies, most of which are engaged in the development, improvement and introduction of high technologies). If we consider the number of start-UPS in relation to the total population, Israel ranks first in the world. After the USA and Canada, Israel has the largest number of companies in the NASDAQ. In Israel the state provides grant funding 25-30% of fundamental research, everything else is implemented in the framework of international projects. In the country has been actively working large global companies such as Microsoft and Intel. They acquire those startups that have been able to develop its technology to a successful pilot production According to the speaker, the easiest way to get money for a budding entrepreneur in Israel is to participate in the program of technological incubators. The state invests up to 85% of the necessary funds, the rest of the company should find independently. In this way excluded those, who know how to write business plans, but don't want to implement them. Also any start-up can get up to 50% of the funds in the department of the chief scientist of the Ministry of industry and trade. The annual budget of the department is $300-400 million and is formed by 2/3 due to state funding and 1/3 due to the receipt of royalties from successful projects. The department co-finances more than 500 companies in the year. For financing of consortiums of industrial companies and universities, engaged in technology development at the pre-competitive stage, Israel has the Magneton program, providing grants in the amount of 66% of the project cost. The Nofar program aimed at financing of developments, that not caused interest in business, but have commercial potential. To become a member of Nofar, you need to invest 10% of the initial capital, and 90% will provide the state. For individual innovators is intended Tnufa program, according to which it is possible to get a grant of 85% of necessary investments, but no more than 50 thousand dollars. In Israel actively working about 70 venture capital funds, 14 of which are international. In 2010, 391 Israeli high-tech company attracted 1,26 billion. According to the speaker, science itself cannot bring profit. State and business invest in science, and in exchange gain new knowledge, which are used in economics, public administration, education, culture. And the impact of science is measured in changes in various areas of life, in the pace of development of the country and not in money. Analyzing the situation in Russia, Mr. Figovsky noted, that the system of commercialization of innovation is clearly imperfect. For example, the state has practically eliminated from the financial aid inventors in obtaining patents. To remedy the situation, you need to create an effective system of commercialization of scientific and engineering knowledge based on the financial resources of the national and global banks, investment companies and private corporations, as well as on the available material resources. Initiatives of the Ministry of Industry and Trade About the state policy to support investment in R&D said Sergey Kleymenov. He noted that the worsening of political situation creates an additional challenge, forcing to work in conditions of tough competition. An immediate solution is required the problem of import substitution, especially in the field of high-tech solutions for the manufacturing industries and the military complex. However, we need to work as WTO members strictly in terms of the international market, so the state support is not aimed at the targeted financial assistance to individual companies or industries. It is aimed at the comprehensive provision of conditions for realization of the potential of Russian industry as an innovative, high-tech, competitive segment of the national economy. The basis for this work will be the draft of Federal law "On industrial policy in the Russian Federation", that is prepared by the Ministry and submitted to the Government of the Russian Federation . This law determines the incentives of innovation, defines the powers of state bodies and bodies of local self-government in the implementation of industrial policy. In the bill the following innovations are offered: the mechanism of returnable financing for access of subjects of the industry to long-term loans on competitive terms; tax benefits and preferences for new integrated projects on the production of industrial products; special investment contracts; grants for creation of industrial infrastructure or production development; creation of geoinformation systems (GIS) of the industrial enterprises. The application of the proposed instruments of industrial policy, on the one hand, will allow to achieve the objectives of the state programs of development of the industry and the decrees of the President of 07.05.2012 with the creation in Russia of a competitive, sustainable and balanced industry, on the other hand, fully complies with the requirements of the WTO. To the achievement of these objectives will promote close cooperation between government, business and academia. The Ministry is interested, primarily, in the fact that new developments and technology of research institutions reached investors and manufacturers. For this purpose is established a strategic investment advice, the first meeting of which was held on July 10. The main objectives of the new body will be to prepare proposals for the Federal government, aimed at improving the investment attractiveness of new industries, initiating new laws, overcoming the existing problems in the development of new industry clusters. It should be noted, that the Ministry of industry and trade developed instrument of state support, which stimulates the creation and development of engineering centers on the basis of private companies. Rules of granting subsidies from the Federal budget for compensation of the costs for the implementation of pilot projects in the field of engineering and industrial design was approved by decree of the RF government No.134 of 22.02.2014. Speaking about the government stimulation of R&D in Russia, the speaker noted: "According to the decree of the RF government No.1312 of 30.12.2013 we are ready to subsidize up to 100% of the value of your research and development. This will allow the companies to obtain funds on development". Priority will be determined by the list of critical technologies that meet the state program of industrial development and competitiveness of civil industries. In September it is planned to announce the contest, and the average cost of R&D's, that the Ministry is ready to subsidize, is about 200 million rubles. Mr. Kleimenov also said that the decree of the RF government of 03.01.2014 provides subsidizing of part of the interest rates when lending to new production, including reconstruction and purchase of equipment. In May, at the St.Petersburg international economic forum by the Ministry of industry and trade was signed an agreement with the regions, as well as with the six largest banks, aimed at simplification of borrowing. The draft law on industrial policy also provides nulling of Federal and regional tax rates on income and property. Effective industrial park Sergey Yushko shared experience of innovative projects in technopark Idea. He said, that for the implementation of innovative projects, in the technopark the infrastructure by total area 28680 m2 is created. In Technopark are registered 104 companies, which employ a total of 1,691 employees. The volume of goods, works and services in 2013 amounted 7015 billion rubles, Budgetary effect (personal income tax and unified social tax) for 2004-2013 – 1.3 billion rubles. 60% of residents are startups. In the Idea were established the centres of competence of the Ministry of defense, Ministry of health, KAMAZ, Tatneft, Gazprom and others. In 2013 was opened a Youth innovation creativity centre. The initiators of this project with a budget of 38 million rubles were the Association of innovative regions of Russia and Young innovative Russia. In 2013 by the board of directors of the industrial park were approved for implementation 25 startups, including 5 technological companies. The approved volume of investment – more than 500 million rubles. Investing in innovative oil and gas projects The features of investment in innovative oil and gas projects were introduced by Alexander Khavkin. He emphasized that for economically profitable sale of oil it is necessary not so much to open new fields, how many to provide the highest oil recovery factor (ORF) on already working platforms. This requires a thorough research on the intersection of all modern scientific knowledge, and the task of ensuring the country's oil and gas on the basis of a highly profitable energy-saving innovative technologies, should to be the national innovation project, like the nuclear project and space flight. Analysis of oilfields, opened in different periods in Russia, shows almost double deterioration of ORF – from 0,465 in the 1950's to 0,269 in 2000-2010. At the same time, the Russian Energy strategy to 2030 envisages the need of increase of ORF in the first phase (2013-2015) to 0.3-0,32, at the second stage (2020-2022) - up to 0,32-0,35, and by 2030 it is planned to reach 0,35-0,37. The speaker stressed that without investing in innovative projects, corresponding to the sixth technological cycle, which includes nanotechnology and eco-friendly technologies, these values of ORF impossible to achieve, and gave several examples of successful projects together with Lukoil and Tatneft. Kazan Smart City as a platform for high-tech cluster About the possibilities of organizing a high-tech cluster in the International investment technopolis Kazan Smart City said Jawdat Akhmanov. Kazan Smart City is a new innovative platform of the Republic of Tatarstan on the territory of 650 hectares for the development of international and Russian business, scientific, educational and business activities, which together with the special economic zone Innopolis is created under the concept of Big Kazan. The aim of the Kazan Smart City is the creation of conditions for attracting investment and enabling environment for the promotion and development of promising sectors of economy of the Republic of Tatarstan. One of the main objectives is the creation of several interrelated clusters: high-tech, medical, educational, service industry and tourism. The concept of high-tech cluster in technopolis provides the development of industries and services with high added value, corresponding to the international level, and ensuring of diversification of priority sectors of economy of Tatarstan, as well as the creation of a platform for training, research, engineering centres for the development of high-tech industries and number of other activities. Special economic zone of technical and innovative type Innopolis and Kazan Smart City will become the core of the cluster of high-tech manufacturing. Creation of more than 200 platforms under investment projects and more than 5 million m2 of the areas for investment in real estate is offered to investors. In addition to tax incentives for residents of Kazan Smart City, the residents of special economic zone Innopolis will receive a number of additional federal benefits for corporate and income taxes. The Tatarstan Investment Development Agency and Development Corporation of the Republic of Tatarstan provide support for projects and offer a package of services, including simplified application system for investors with the minimum time for approval and simplified interaction with government agencies. Projects of the Nanotechnology centre of the Republic of Tatarstan About activities of the Nanotechnology centre of the Republic of Tatarstan told Mikhail Bondar. The main priorities of the project activities of the centre focus in the following areas: oil production and refining, including such projects as the intensification of oil production by sonochemical processing, development and commercialization of a new generation of heterogeneous catalysts, establishment of a laboratory of ultrasonic technologies, design and manufacture of pilot mobile installation for integrated treatment of oil wells with a nano-reagent; • development of new composite materials and technologies, including the development of polyurethanes for producing of materials with improved consumer properties and the development of functional additives for polymeric materials together with foreign partners; • the development of pharmaceuticals and medicine, in particular, the project delivery system of drugs based on nanotechnology; • development of the energy efficient technologies. In conclusion, it was unanimously decided to hold the annual international scientific-practical conference "Financing of high-tech projects: international and Russian experience", as well as a number of other solutions to improve the efficiency of financing of innovative projects. ■