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During his speech at the St. Petersburg International Economic Forum, MIT professor Loren Graham pointed to the main reasons why, in his opinion, Russians are very good in inventing, but have not succeeded in innovation.

Professor Graham pictured the situation with Russian innovations as milk being wanted without a cow. By this metaphorical expression Graham summarized the lack of socio-economic background. Speaking of the main elements of this background, Loran Graham named the legal framework and the IP institute in Russia.

Over a period of several years Russian government has been investing a lot of efforts and money on innovations underpinning and implementing in Russia. The last changes and plans are also focused on IP Law and IP Regulation improvements.

Loren Graham is a noted American historian of science and one of the leading specialists in the History of Science in USSR and Russia in the 19th and 20th centuries.