Press about RVC

Far Eastern Technological Fund Invests about 500 Mln Roubles in Promising Projects

Source: TASS

The Far East Development Fund (FEDF) has invested about 500 million roubles in innovative projects over a year and a half. Vice President of the FEDF Kirill Kamenev announced this on Thursday during the Open Innovations Start-up Tour, which takes place in Vladivostok on January 23–24.

The FEDF invests in intelligent software and the industrial Internet of Things, alternative energy and energy storage, robotics, biotechnology, IT, and cloud solutions for business. The average investment of the Fund is 100–150 million roubles. There are five billion roubles under management.

“Over the course of a year and a half of work, the FEDF has invested about 500 million roubles in promising projects,” Kamenev said during the session “Region as a Reference Point for the Transition to a Digital Economy”.

Monetary funds were provided to project initiators in such areas as industrial safety software, cloud telephony, multimedia, high-tech energy storage systems, and robotics.

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