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"Business on ideas", an article for "SB. Belarus Segodnya"

Aug 10, 2017

Science turns into business at the Polytechnic technological park of BNTU. This platform was created specifically to ensure that ideas and technologies born at the departments and laboratories grew to the production, commercialization and scaling. A number of enterprises and well-known brands have already been created here: from Polymedtech, which medical products are used by our cardiosurgeons and orthopedists and traumatologists in everyday practice to the machine embroidery center Fainy.by. The other day the structure of the technological park has been replenished with an international innovation center, which was opened by many distinguished guests, including Alexander Shumilin, Chairman of the State Committee on Science and Technology. Such interest for the topic is not accidental. ... » more
New business incubator Polytechnic opened in Minsk

Aug 4, 2017

ONT To transform your idea into a prototype is the main opportunity that such parks give to the younger generation. Here, to realize your idea, you can find money (such sites unite start-ups and business investors), and in a broad sense to reach the international level. The new innovation park is only a step within the large-scale Belarusian-Chinese project. Alexander Shumilin, Chairman of the State Committee on Science and Technology of Belarus: ‘Last year we agreed with the Ministry of Science and Technology of China on establishing a business incubator based on Velikiy Kamenh. Now we can see how these start-ups and ideas will be born in Polytechnic Technological Park and continue to be incubated in the Belarusian-Chinese business incubator within Velikiy Kamenh.’ Then the productions will be created because of the most successful projects. Moreover, not only in Belarus, but also abroad. ... » more
From ideas to real projects: international center of Polytechnic Technology Park of BNTU opened in Minsk

Aug 3, 2017

STV The place where the ideas are incarnated in real projects. The International Center of Polytechnic Technological Park of BNTU was opened in Minsk, 24 Hours News on STV informs. This is a site, where startups, business, scientists and investors jointly work on the creation of the newest processes and the equipment for various sectors of the economy. The innovative projects for Velikiy Kamenh will be developed there. Alexander Shumilin, the Chairman of the State Committee on Science and Technology of the Republic of Belarus: The ideas and startups that will further undergo a business incubating at the Belarusian-Chinese Incubator within Velikiy Kamenh will appear in Polytechnic Technology Park. I suppose that in case of success of the proposal of the project, large productions will be implemented, scaled and created, both in Belarus and all over the world. The numbers are evidence of the efficiency of technology parks. ... » more
Belarus develops new model for financing innovative start-ups in business and production

Jul 18, 2017

To invest in a risky project and to get a super profit. The Committee on Science and Technology, together with UN experts, is developing a model for the financing innovative start-ups in business and production. According to experts, the innovative development is associated with the risk, including the loss of the invested money. However, these are the projects that can bring a profit several times greater than the spent means. The creation of a mechanism to finance such undertakings is one of the recommendations of the United Nations Economic Commission for Europe. Alexander Shumilin, Chairman of the State Committee on Science and Technology of Belarus: ‘We do not have the so-called right to risk. We must necessarily turn all the state money into the result. It is clear that success in all breakthrough developments cannot be guaranteed. We are given recommendations to start financing such developments. ... » more