S. Y. Witte Institute for New Industrial Development (INID) was founded in St. Petersburg in 1997 and is legally registered as a non-commercial partnership. Registered office and place of business: 16 Bolshaya Monetnaya Str., 197101 St. Petersburg. Address of the Moscow branch: 22B Tverskaya Str., 125009 Moscow.

The Institute’s Director, Sergey Bodrunov is a Doctor of Economics, Professor, President of the Free Economic Society of Russia, President of the International Union of Economists, Executive Secretary of the Industrial Council of the Governor of St. Petersburg, the First Vice President of the Union of Industrialists and Entrepreneurs of St. Petersburg, author of over 650 scholarly publications, including 30 monographs on the development of Russian industry.

The Institute of New Industrial Development predominantly focuses on the study of issues related to Russia’s industrial development, the reindustrialization of its economy, technological modernization of core industries, technological and economic mechanisms and instruments of modernization, foresight on medium- and long-term institutional, economic and technological effects, etc. The Institute also devises industrial development concepts for Russian regions, regional clusters and technology transfer networks, as well as development concepts and strategies for major industrial complexes and leading Russian industrial companies; the Institute has completed many expert projects in this area.

The study of regional problems of industrial development holds a significant place in the Institute’s work. For example, the INID actively participated in the development of the following official documents for St. Petersburg: “St. Petersburg Government Action Plan on Economic Stabilization and Sustainable Social and Economic Development of St. Petersburg for 2009 (the so-called “St. Petersburg Anti-Crisis Plan”, adopted as St. Petersburg Government Decree on April 16, 2009); “The Concept of St. Petersburg Industrial Development till 2020”; the Concept of the Law on “The Industrial Policy of St. Petersburg”; “St. Petersburg Economic and Social Development Strategy till 2030” (approved by St. Petersburg Government Decree No. 355 of May 13, 2014), Program “Development of industry, innovation and agro-industrial complex in St. Petersburg” for 2015-2020” (St. Petersburg Government Decree dated June 23, 2014 No. 495), etc.

Since 2012, the INID has been working under the supervision of the Russian Academy of Sciences and is a part of the Social Sciences Division System of the RAS (SSD RAS Resolution No. 2 of 5/21/2012).

The INID is actively cooperating with Russia’s leading research and expert groups. Under partnership agreements, it is working with the Institute of Economics of the RAS, Institute of Market Problems of the RAS, Institute of Economics of the Ural Branch of the RAS, Institute of Regional Economic Problems of the RAS, St. Petersburg State University of Economics, St. Petersburg State University of Aerospace Instrumentation, National Aircraft Instrument Makers’ Association, Republican Scientific Research Institute of Intellectual Property, etc.

INID experts publish the results of their research in Russia’s leading journals and in the book format. The Institute also publishes the Economic Revival of Russia, the oldest Russian economics journal that celebrated its 100th anniversary last year. The Economic Revival of Russia is included in the Russian Science Citation Index and is on the list of journals recommended by the State Commission for Academic Degrees and Titles of the Russian Federation for the publication of research materials required for receiving advanced academic degrees and scientific journal Noonomy and Noosociety. Almanac of Scientific Works of the S.Y. Witte INID. Moreover, the INID initiates, organizes and participates in many scientific conferences and congresses dedicated to the industrial development of the economy, including the All-Russian Scientific Congress “Production. Science. Education”, Moscow International Congress of Political Economy, St. Petersburg International Economic Congress (SPEC), etc.