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Economy minister wants to commercialize Russia's scientific potential

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ST. PETERSBURG, June 9 (RIA Novosti) - Russia's Economic Development Minister considers it necessary to commercialize the country's economic potential.

Speaking at the 2nd Russian-Chinese investment forum, German Gref said, "Russia's presence on the global market of science-intensive products is very insignificant yet, its share being 0.3% to 1%, according to different estimates." This means that it lags behinds the developed European countries and even developing Asian nations, he explained. At the same time, for the activity of inventors and innovation potential Russia is among the developed countries, he added.

This difference, in his opinion, shows that the infrastructure for commercializing Russia's big scientific potential was not created when it was necessary.

The main problem is to create a modern efficient innovative infrastructure now, Gref said. Russia is interested in attracting investment to facilities that can help to develop high-tech products, he noted. The sphere of this cooperation can be very broad, from medicine to the space industry, he added.

The minister emphasized that there was interest in such projects on the part of China and demand for them on the part of Russian scientific centers.

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