The R&D Program is an effective tool of the innovative activity management system for achieving strategic goals of the Company and addressing challenges set out in the Innovative Development Program.
The main goal of the R&D Program is to provide the competitive advantages to the Company and to achieve scientific and technological leadership in the industry through development and implementation of R&D results (innovative solutions), including advanced technologies.
The effective management of the R&D Program is ensured by the following means:
- forecasting of the areas in development of science and technologies for the benefit of the Company;
- expert selection of R&D projects for financing;
- monitoring of R&D projects implementation using target points on the indicators, and preparation of the reports on R&D Program implementation;
- annual update of the R&D Program (based on rolling planning method).
The implementation of the R&D Program will allow to develop the science and technological potential of electric power industry within the framework of appropriate technology platforms and innovative clusters, to enlarge the number of innovative companies ensuring thereby a transition to the innovation-based development of the power industry.