Russia can become a leader in electronics - but not by copying it

Alexey Pavlyuchenko, Investment Manager of KAMA FLOW, in an interview with the yearbook ‘Live Electronics of Russia - 2025’ told why direct import substitution leads to stagnation, how private investments can transform the electronics market - and what solutions can make Russia a competitive player in the global technology arena.

 

Highlights from the interview:

- Invest in depth, not window dressing

The focus should be on working technologies, not pretty presentations. KAMA FLOW focuses on Russian technology companies, almost always choosing deeptech products - from AI and new materials to hardware and software systems. 

- Leadership is not in copying, but in creating

Russia already had a chance to become a leader in the new technological market when our scientists created the first computers, but the USSR decided to copy IBM 360, and that was a mistake. The real growth is in original solutions.

- The future lies in open architectures

Russia will not catch up with x86 and ARM, but it can make a qualitative leap with RISC-V - a new generation open and secure architecture.

- 7-10 years until the first results. 15-20 - before global competition

Ecosystem development is impossible without strategy and partnership. KAMA FLOW proposes to build a dialogue between private business, government and technology teams.

- Startups - drivers of progress

Corporations lose flexibility over time. Startups enter the market faster, adapt and take risks, which is why big players buy them.

- What is needed is not state support at all costs, but a smart system

Preferential financing and independent management funds instead of state monopolies - a recipe for a healthy investment climate.

 

📎 Read the full interview in our Telegram channel