This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Start-up Discussion Brings U.S. And Russian Businesses Closer

WASHINGTON, Feb. 13, 2013 /PRNewswire-USNewswire/ -- A group of young Russian start-up companies gathered in Moscow yesterday at the Skolkovo Foundation — a Russian scientific and technological center for the development and commercialization of advanced technologies — to receive advice and tips from leading U.S. entrepreneurs on how to successfully launch a start-up company. The event, hosted by the U.S.-Russia Business Council (USRBC) in cooperation with the Russian Federation's Trade Representative in the United States, represented an opportunity to share best practices on a commercial level at a time when bilateral political ties are strained.

(Logo: http://photos.prnewswire.com/prnh/20120713/MM40069LOGO-b)

Through Telepresence technology provided by USRBC member Cisco, the videoconference connected Washington, DC; Boulder, CO, and Moscow in real time.  Startup DC Chairman Evan Burfield and Brad Feld, the managing director of Foundry Group who has successfully launched 126 startups, provided the meeting participants guidance regarding the U.S. experience in establishing, incubating, and commercializing projects.

The event was organized under the framework of the Innovation Working Group of the U.S.-Russia Bilateral Presidential Commission, and was supported by the U.S. Department of State and the Russian Ministry of Economic Development. RIA Novosti Chief Editor Samir Shakhbaz moderated the discussion.  Oleg Fomichev, Russian Deputy Minister of Economic Development, and Lorraine Hariton, Special Representative for Commercial and Business Affairs at the U.S. Department of State, delivered welcoming remarks.  

"Entrepreneurial ecosystems are popping up all over the world, and Russia is not an exception.   While the country's legacy still presents many challenges for startup development, it is an interesting and promising time for entrepreneurship in Russia, with countless opportunities for startup communities," said Brad Feld. Evan Burfield added, " Russia has a tremendous legacy of innovation in science and technology. Today, entrepreneurs in Moscow or Novosibirsk have access to the same technologies and distribution networks as entrepreneurs in Silicon Valley, Mumbai, or Tel Aviv.  What's critical is for Russia to work to create an environment where risk-taking and challenging the status quo is rewarded."

USRBC Executive Vice President Randi Levinas noted, "Today's session, which highlighted Russia's potential and permitted savvy, skilled Russians to tap U.S. expertise, can be a driver for economic growth in both countries. The U.S.-Russia Business Council is pleased to be able to contribute to this productive discussion and to enable our businesses to continue to identify bilateral commercial opportunities."

According to Rinat Dosmukhamedov, Trade Representative to the United States, "This video conference is the first step towards exchanging experience and establishing constructive dialogue between the U.S. and Russia, all with the help of new online technologies.  Events like this one serve to promote improved cooperation and inspire innovative solutions."

The U.S.-Russia Business Council invites you to view this dynamic exchange in its entirety using the following link: http://www.youtube.com/watch?v=kI8WWaUXyeY)

The U.S.-Russia Business Council, a member-based trade association of U.S. and Russian companies, offers a platform for the open exchange of ideas on U.S.- Russia commercial issues.  Learn more at www.usrbc.org .

SOURCE U.S.-Russia Business Council

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,162.99 +121.45 0.67%
S&P 500 2,123.48 +19.28 0.92%
NASDAQ 5,106.5930 +73.8420 1.47%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs