Government fund of funds
Development institute of the Russian Federation

Press about RVC

Trio of Russian start-ups get financial boost for innovation
On March 20, the IV International Forum "NDExpo-2017" — "High Technologies for Sustainable Development" was opened in the World Trade Center.
In February, the Russian government issued Order No. 255-r, according to which in 2017 almost 8.5 billion rubles will be allocated to support projects implemented under the National Technology Initiative (STI).
The research, conducted by the Russian Association of Venture Investment (RAVI), revealed that the capital of independent VC funds (Venture Capital) in 2016 amounted to $ 3.381 billion whereas the capital of corporate VC funds reached $ 413 million.

The Council for Economic Modernization and Innovation Development under the President of Russia approved the National Technological Initiative (NTI) development plan at a meeting on Tuesday, this is what Vedomosti found out from a representative of the Agency for Strategic Initiatives (ASI, supervised by NTI) and a representative of the vice-premier Arkady Dvorkovich, deputy chairman of the presidium of this council.

In the next three years, the National Technological Initiative will receive 28 billion rubles from the budget, of which 5 billion were transferred from the last-year budget.


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