Russia, Belarus and Kazakhstan set up interstate high-tech center

Russia, Belarus and Kazakhstan have announced plans to go ahead with their new Eurasian Economic Community high-tech center project.

Russian, Belarus and Kazakhstan will go ahead with their new Eurasian Economic Community (EurAsEC) high-tech center project, the EurAsEC official website announced. The three countries are the most active players in this currently five-member supranational organization that also includes Central Asia?s Tajikistan and Kyrgyzstan, all parts of the former Soviet Union. The EurAsEC Interstate Council first approved the high-tech center idea back in 2009. Russian Venture Company (RVC), Russia?s government-owned fund of funds for innovation, acts as a project operator on the Russian side. The new entity will bear the full name of ?EurAsEC Innovation Technology Center Venture Company, LLC.? The future company will pursue a multiple goal of ?creating an effective institution for innovation activity in EurAsEC, investing and buying stakes in legal entities that engage in commercialization of innovation, and developing consulting services for other organizations that focus on innovation.? For example, Belarus has already suggested that the new high-tech center fund five of its innovation projects in new materials, nanocarbon technologies, and powder metallurgy...