MIT Professor Scott Stern: "The cold creates benefits for the economy of Yakutia"

  • 06 December 2018
  • 89

MIT Professor Scott Stern: "The cold creates benefits for the economy of Yakutia"

The cold climate of Yakutia creates a competitive advantage in the development of the economy for the republic, it is necessary to promote the developments of Yakut scientists for commercialization and the creation of innovative solutions based on cold. Such an opinion was expressed by MIT professor Scott Stern, who visited the laboratories of the Arctic Innovation Center at North-Eastern Federal University.

“Frost and cold with the correct approach and commercialization can be used for business purposes, the development of IT-sphere. These issues were discussed during the scientist’s visit to Yakutia. Climate change poses new challenges and requires innovative solutions for the sustainable development of the Arctic territories. I believe that the cooperation, which we agreed with the MIT professor, should bring concrete results for the republic”, said Dmitry Popov, AIC director.

According to Dmitry Popov, the MIT professor is interested in promoting laboratories in the innovation services market in the United States. “Professor Stern is studying bridging the gap between academic research and the practice of innovation and entrepreneurship. He will represent the developments of the university in the American and foreign markets in general”, he noted.

A marathon of IT project developers (Hackathon) “Hack-the-ICE” was held under the leadership of the professor in “Yakutia” Technopark. Partners of the Hackathon will be the Arctic Innovation Center of M.K. Ammosov NEFU, JSC “Corporation for Development of the Republic of Sakha” (Yakutia), JSCB “Almazergienbank” JSC, AEB IT Co., JSC “Regional Leasing Company of the Republic of Sakha (Yakutia), GC “Sinet”.


Scott Stern is a professor at the Massachusetts Institute of Technology (MIT) School of Management. He explores how innovation and entrepreneurship differ from more traditional economic activities, and the consequences of these differences for strategy and policy. His research in the economics of innovation and entrepreneurship focuses on entrepreneurial strategy, innovation-driven entrepreneurial ecosystems, and innovation policy and management. He holds a BA in economics from New York University and a Ph.D. in economics from Stanford University. Link to the official website.

Author: Dmitry IVANOV, NEFU Newsroom

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