Dialogue between Business and Development Institutions: Dedication, Trust, and Effectiveness

Dialogue between Business and Development Institutions: Dedication, Trust, and Effectiveness

1 June, 16:45–18:00
RUSSIAN ECONOMIC AGENDA
Panel Session
Pavilion G, Conference Hall G3

Development institutions are government bodies which accumulate financial resources and use them to develop promising sectors of the economy, introduce innovation, and realize important social and infrastructure projects. With their help, many countries have succeeded in modernizing their economies and stimulating growth. However, surveys and studies reveal a lack of awareness and a paucity of trust among Russian businesses with respect to engaging with the support measures that development institutions offer. How successfully are Russian development institutions functioning at the present time? Have they succeeded in creating an effective operating model whereby development institutions complement each other’s work across the country? Could creating an open communications platform for collaboration between development institutions and business increase the effectiveness of support programmes? What role should major institutions play in creating a communications environment of this kind?

Moderator:
Andrey Sokolov, Deputy Chief Executive Officer TASS Russia

Panellists
Aleksey Ivanchenko, Deputy Chairman of the Management Board Member of the Management Board State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank
Alexander Braverman, Member of the Board of Directors Chief Executive Officer Chairman of the Management Board SME Corporation
Dmitriy Pankin, Chairman of the Management Board Eurasian Development Bank (EDB)
Hans-Paul Buerkner, Chairman The Boston Consulting Group
Ivan Fedotov, Director Association of Innovative Regions of Russia (AIRR)
Svetlana Chupsheva, Chief Executive Officer Agency for Strategic Initiatives

Front row participants:
Boris Titov, Presidential Commissioner of the Russian Federation for the Protection of Entrepreneurs’ Rights
Kirill Kaem, Vice-President Executive Director of ВIO Cluster Skolkovo Foundation
Marina Bludyan, Vice President All-Russian Non-Governmental Organization of Small and Medium-Sized Businesses Opora Russia
Pavel Shinsky, General Director French-Russian Chamber of Commerce and Industry
Roman Petrutsa, Acting Director Industrial Development Fund

Broadcast

Key moments

Today, the trust in and quality of services provided by regional development corporations are significantly higher than five years ago.
Svetlana Chupsheva
Chief Executive Officer, Agency for Strategic Initiatives
It is very important for development institutions to do truly systemic work and for entrepreneurs’ confidence in development institutions to grow.
Svetlana Chupsheva
Chief Executive Officer, Agency for Strategic Initiatives
We have to reduce the number of development institutions and we have to make them easier.
Hans-Paul Buerkner
Chairman, The Boston Consulting Group
One of the key elements is also really asking the SMEs what has been their experience: good and not so good, and to learn from it.
Hans-Paul Buerkner
Chairman, The Boston Consulting Group
We should change the passive approach to searching for projects.
Aleksey Ivanchenko
Deputy Chairman of the Management Board, Member of the Management Board, State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank
We should change: we should communicate both with entrepreneurs and with law enforcement.
Ivan Fedotov
Director, Association of Innovative Regions of Russia (AIRR)
Had we not established and developed development institutions, we would have been in a wholly different economic situation today.
Ivan Fedotov
Director, Association of Innovative Regions of Russia (AIRR)
Openness will make the authorities’ attention visible, showing that we [entrepreneurs] are needed, that we are cared for, and we are in equal circumstances.
Marina Bludyan
Vice President, All-Russian Non-Governmental Organization of Small and Medium-Sized Businesses Opora Russia