Government is Set to Support Innovation in St. Petersburg

Regional government of St. Petersburg is making plans to outrun other Russian regions on the way of supporting the innovation in the high technology area. And the recent seminar at the Committee of the Economic Development proved this trend to be a serious intention.

The Committee, chaired by the vice-governor Mikhail Oseevsky, presented the updated policy on the development of innovation in the high-tech branch in the city. The meeting’s discussion brought together more than 60 representatives of technology enterprises and government officials.

Discussion was focused on preparing the roadmap for further development of the St. Petersburg high tech sector that is estimated to be the most advanced in the country. Concentrating 20% of the 300’000 Russian IT professionals and accounting for the 10% of the overall science potential of the country, the city is already a recognized technology hub.

The five million city of St. Petersburg accounts forthe major share of the human capital in the country: 8% of Russian students and 15% of graduates and post-graduates in Russia. This makes us believe that with the sensible government support the innovations will flourish in the city.

 

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