The Innovation as Artistic Technique exhibition to open in the Hermitage as part of SPIEF

14 may 2018 года
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A new Innovation as Artistic Technique exhibition is opening in the Hermitage, aimed at those who want to get a better understanding of innovation technologies and their interactions with contemporary art.

The exhibition is part of the 20/21 Hermitage project within the cultural programme of the Saint Petersburg International Economic Forum (SPIEF). The exhibition will run from 25 May to 3 June in the Manege Upper Gallery of the Small Hermitage.

Visitors will be able to see projects of artists working with technological art, SciArt, artificial intelligence, generative art and other contemporary practices.

For example, Kevin Abosch creates his artworks using his own blood and blockchain-based crypto-tokens. Dmitry Kavarga has constructed an artwork capable of turning conceptual texts to colour palettes. Misha Most will show a painting created by a drone on the basis of his drawing. Stain will present the audiovisual performance art projects devoted to the understanding of the discreteness concept. The installation of Art Group “Kuda Begut Sobaki” (Where Dogs Run) will make visitors feel anxiety and fear of the future.

Konstantin Novoselov is Nobel laureate who earned the Nobel Prize for discovery of graphene, a new form of carbon. He will participate as an artist and will show the scientific research process.

The exhibition will be the first time, collaborations of artists and science labs will be available for public viewing. The Russian Quantum Centre and Dmitry Gutov will present their joint project that will make visitors feel like ultracold atoms in a quantum simulator. And Pavel Pepperstein will show his work created in collaboration with the ChemRar High-Tech Centre.

In the past, the invention of oil paints opened a new page in the history of arts. Will the impact of innovative contemporary devices be as revolutionary?

“We are going to see successes and failures, high-speed manoeuvres and sharp turns. But the key message of the exhibition is that blockchain can be an artwork only if tokens are created with blood of an artist and graphene-based ink is an artistic instrument only in the hands of a master,” said Mikhail Piotrovsky, General Director of the State Hermitage in his commentary about interaction of innovation technology and art.

Sergey Gorkov, Vnesheconombank’s Chairman, believes that technology development has a life-changing impact. “Innovation has been changing economic models and the very principles of social interaction. Artists play a role of technological visionaries. They are ahead of their time, helping us to look behind the horizon and see a glimpse of the future. The future that will change us, our country and the whole world. Now, we are taking a new look at the role of traditional institutions. Take the State Hermitage Museum, a classical arts museum, brave enough to launch the 20/21 Hermitage project and open its doors for ultra contemporary art projects. Or Vnesheconombank, a development institution promoting the high potential technology agenda. This project is at the intersection of art and innovation, it makes us change the way we perceive the world.”

Victoria Kondrashova, RDI. Creative’s CEO: “Artists are always particularly sensitive to social and global changes. Their art is a reaction to such changes. They can “tame” innovations and “domesticate” technologies. To address the issues and challenges of our time, artists use innovative technological solutions as an instrument, technique, a source of moral introspection, creating the ground for communication with viewers. The exhibition will showcase the works of artists who use innovative language to investigate the relationship between artistic thinking, new materials and technological processes.”

Dmitry Ozerkov, Head of Contemporary Art at the State Hermitage and Director of the 20/21 Hermitage Project: “The title of the exhibition is based on Victor Shklovsky’s article “Art as Technique” published 100 years ago. The article defines the terms “technique”, “automatic perception” and “defamiliarization”, the key concepts of Russian formalism. In what way has the situation changed for the past 100 years and what are the concepts we need to take on board today? This is the question the exhibition is to pose.”

Coordinators: Dmitry Ozerkov and Victoria Kondrashova
Organizers: State Hermitage, RDI. Creative
Creative Partner: Vnesheconombank
with support of VEB Innovations Fund


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VEB and Islamic Development Bank Group to establish Partner Financing Fund

10 may 2018 года
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VEB and the Islamic Development Bank Group have agreed to establish the Partner Financing Fund. Vnesheconombank Chairman Sergey Gorkov announced the establishment of the Fund at the 10th International Economic Summit “Russia - Islamic World: KazanSummit 2018”.

The mutual fund will be based on the Islamic financing principles with its primary objectives being the promotion of investments in the Russian economy and financing of Russian high technology. VEB and IsDB Group’s maximum joint contribution to the Fund’s capital is to make USD100 million. Furthermore, the Fund plans to attract third-party investors for its first closing.

KazanSummit is the major venue for economic cooperation between the Russian Federation and the Islamic world. Speaking at the Plenary Session “Russia - Islamic World: Driver for the International Economy”, Sergey Gorkov pointed out that Vnesheconombank counts the Middle East and the Southeast Asia markets among its priority cooperation areas. He also said that along with such traditional instruments as project finance and export support, VEB actively promotes cooperation in innovative technology. Development of blockchain solutions in collaboration with Dubai may serve as a good example.

For Vnesheconombank, its cooperation with the OIC is a strategically important business line. The Bank’s portfolio of loans and guarantees to promote exports to the OIC countries amounts to USD2.8 billion. “No other Russian bank has such extensive cooperation with the region, and we intend to promote it by actively engaging in joint project finance,” Sergey Gorkov said.

In the near term, Vnesheconombank plans to open its representative office in Abu Dhabi, UAE and set up a Russian business desk to provide customers with access to sales and capital markets and opportunities for partnership with local players.

The Organisation of Islamic Cooperation (OIC) is the second biggest intergovernmental organization comprising the largest number of member states after the UN. Currently, it unites 57 countries on four continents with the population of some 1.5 billion people. Its mission is to protect the interests of the Muslim world in the spirit of promoting international peace and harmony. In 2005, Russia acquired the observer status within the OIC.


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