eeTimes
eeTimes
eeTimes eeTimes
Forgot password Register
Print - Send - -

Technology News

Russia to pour $25 billion into technology

August 21, 2008 | | 210102204
Russia plans to put 600 billion rubles (about $25 billion) into high-tech programs over a two-year period, according to an announcement by Prime Minister Vladimir Putin.
BERLIN — Russia plans to put 600 billion rubles (about $25 billion) into technology-based research programs over a two-year period, Prime Minister Vladimir Putin said, speaking at a science and education conference reported by the local media.

"We have never provided this sort of money for such purposes before," Putin was quoted as saying by Interfax.

The announcement, played on Russia's NTV and reported by the local press, appears to be a confirmation of an earlier promise Putin made during a speech to the Russian Academy of Sciences in May.

The money will go toward "various federal target programs in the field of high technology" from 2008-2010.

In addition, Putin announced the creation of two national research universities and said that a five-year program for fundamental research worth 250 billion rubles (about $10 billion) had been approved.

Putin is directing enormous sums of federal money into scientific research in order to enhance national security and spark commercial activity, RIA Novosti reports.

He criticized public sector science in Russia as inefficient and holding weak commercial potential. Research is also poorly integrated with the education system, which is aggravating a shortage of scientists, he said.

Researchers are living off federal projects and have little incentive to take on more challenging commercial product development.

"The successes of basic science do not provide the necessary dynamism and quality of applied research, and they in turn do not fully take into account the real needs of the economy," Putin said on NTV.

Related articles:

Russia struggling with high tech ambitions

Nanotech research quest brings Russians to U.S.

Russia lifts scientific research efforts









Please login to post your comment - click here
Related News
MOST POPULAR NEWS
Interview
Technical papers
READER OFFER

Cypress and Future Electronics jointly developed the low-cost PSoC 3 Development Board, a package  showcasing the ease-of-use of Cypress's new PSoC 3 architecture.

The Future Electronics PSoC 3 development board includes a on-board debug/programmer, a CapSense touch pad interface, tricolor red/green/blue LEDs, and a user USB interface. The board is powered though USB ports and two connectors are available for I/Os and expansion boards.

READER OFFER

This month, Cypress is giving away three such kits, worth USD249 each, for EETimes Europe's readers to win.

Poll
Among these, what types of sensors do you use most?

All material on this site Copyright © 2009 - 2010 European Business Press SA. All rights reserved.
This site contains articles under license from EETimes Group , a division of United Business Media LLC.