Central regions | Finance, business | Technology & innovation

Russian Government releases funding for new national defense R&D funder

16 Jan '13
Russian Prime Minister Dmitry Medvedev has decreed a first $5m subsidy for the new Advanced Research Foundation, first announced in early October 2012, scientific and technology portal Detali Mira reports.

The Advanced Research Foundation, to start its operation in earnest later this year, is touted as a Russian response to the success of the U.S. Defense Advanced Research Projects Agency (DARPA). DARPA has been funding technology projects with tangible defense significance. The agencys most famous investments include ARPANET, which later evolved into the Internet; fighting robots, including BigDog; self-learning systems; micro-drones; smart clothes; etc.

Ironically, DARPA was set up in 1958 to address and bridge the United States technology gap in the wake of the 1957 launch of the worlds first satellite by the Soviet Union. Today, DARPAs annual budget exceeds $3bn.
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