russian software developing industry and software exports

Chapter 4.
Overview of Business Environment
for Software Development in Russia
Jurvetson (DFJ) to attract investments in the amount
of USD 500 mln for its innovation fund with the
planned total volume of USD 1 bn.
Moscow Interbank Currency Exchange with the
support of RUSNANO is planning to open a targeted
exchange sector for investment and innovation that
would enable venture investors to opt out from
projects through public offering.
It can be expected, that the inflow of foreign
venture investment in Russia will increase. The
poll conducted by Deloitte&Touche showed that
American venture capitalists more often speak of
opportunities to invest in such countries as China,
India, Vietnam, Brazil and Israel. The option of
attracting to Russia bigger volumes of venture
investment is also recognized by the directors of the
Finnish company Technopolis that plans to establish
in Russia incubators for high-tech companies and
find investment in different countries to finance new
companies.
80%
70%
60%
50%
40%
30%
20%
10%
0%
Financial support of start-ups
67% 65%
Poor
30% 29%
2008
3%
Satisfactory
2009
6%
Good
The biggest share of companies critical of this
support is registered in Moscow. The effectiveness
of state support for the entry of IT companies in
the global market remains low. There is no direct
dependence of evaluations on the turnover and
export share. St. Petersburg has the best indicators,
but nevertheless more than a half of respondents
gave a «poor» mark to the way the support is being
provided.
In the past 2 years the level of satisfaction was
higher, the bigger the company. This year we received
higher evaluations from small companies, which may
be explained by the implementation of the Support
Program for Innovation in St. Petersburg owing to
which small companies got a limited but still good
opportunity to get co-financing for patenting abroad
and participation in international events.
80%
70%
60%
50%
40%
30%
20%
10%
0%
State support of international marketing activity
75%
Poor
25%
2008
0%
59%
Satisfactory
36%
2009
5%
Good
Financial support of start-ups by companies' location
80%
State support of international marketing activity
by companies' location
80%
70%
60%
50%
79%
65%
59%
70%
60%
50%
40%
67%
47%
47%
62%
40%
30%
20%
10%
0%
21%
0%
Moscow
29%
6%
St. Petersburg
32%
10%
Others
30%
20%
10%
0%
33%
31%
0% 7% 8%
Moscow
St. Petersburg
Others
Poor
Satisfactory
Good
Poor
Satisfactory
Good
STATE SUPPORT OF
INTERNATIONAL MARKETING
ACTIVITY
In the last 2 years the number of companies
unsatisfied with the state support of international
marketing activity is gradually decreasing, despite this
figure reaching around 60% of respondents.
SITUATION IN THE FIELD
OF INTELLECTUAL PROPERTY
RIGHTS PROTECTION
A more rigor legislation against distributors and
users of unauthorized software allows vendors to
boost their sales owing to the exclusion of pirates
from the market. The level of piracy in Russia has
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