IPChain Association: “Russia is in the top five in terms of investments in technology, science and culture”

Russia ranks fifth in the world in terms of investment in technology development, scientific research and culture. This was told by Andrey Krichevsky, president of the IPChain Association, following a business breakfast as part of the second day of the Global IP Exchange forum in Berlin.

“Russia is one of the five world leaders in terms of investment in technology development, scientific research and culture,” Krichevsky said.

However, according to him, every year in the country only 35-40 thousand patents are registered and not more than 4.5 thousand transactions are carried out with them. “This gives reason to think that the market for intangible assets in Russia is so small that any discussion around the importance of intellectual property is nothing more than hype,” said the source.

At the same time, according to Krichevsky, today there is an active development of the network market, as digital and social networks are integrated into the life of each individual. In his opinion, this allows us to talk about the presence of two markets for intangible assets: the outdated “analog” and the modern “digital”.

“While the “analog”market is showing fading, the digital market, on the contrary, is booming and expanding rapidly. This happens not only in Russia, but also in all countries with which representatives we interact”, added Krichevsky.

According to the interlocutor of the agency, the reason for the rapid development of the digital intellectual property market is the fact that a large number of people, creators of intellectual property are involved in the digital environment, and, in addition, the digital environment stimulates the unification and collaboration of authors around the world.

“It is the digital market for intangible assets that has the development potential, and its participants need new methods for assessing intellectual property to replace obsolete ones,” Krichevsky concluded.