Government fund of funds
Development institute of the Russian Federation

Press about RVC

Russian Universities Agree on Joint Promotion of Start-ups

23.07.2019
Source: Interfax

Some Russian universities decided to join a consortium to support and promote projects in the field of personal medicine and healthcare, distributed energy and other areas of the national technological initiative (NTI), the press service of Tomsk State University (TSU) said on Tuesday.

"The consortium was joined by the technological accelerator SIA Expanse Capital, Skoltech and 12 universities, including TSU, ITMO, UrFU, NSTU, BelSU, and others. The initiators of creating a network accelerator were Tomsk State University and several other universities interested in venture capital investment practices. We discussed this idea with the head of the Russian Ministry of Education and Science Mikhail Kotyukov. He supported the idea of such a network interaction," Konstantin Belyakov, an adviser to the administration of TSU, is quoted in the message.

It is noted that the creation of a financial support tool will allow universities to increase the number of successful technology start-ups and help their promotion in the Russian and international markets.

The agreement signed by universities involves the formation of joint teams for the implementation of technological projects, providing expert support to project teams, promoting their activities in the regions of Russia and other countries, building effective communication with authorities, corporations, and other interested parties for the development of technological entrepreneurship based on universities and etc.

"Converting knowledge into products and technologies is one of the primary tasks of modern universities. With the change of technological patterns, universities are becoming the driving force behind economic development. To successfully commercialise the results of scientific research, some universities have already begun independent work on financing promising start-ups," notes Belyakov.

The press service recalls that TSU in 2017 became the first Russian university to create its venture capital fund, depositing funds together with Russian Venture Company (RVC). Today, TSU Venture Fund accepts applications for the investment of not only university but also regional projects. ITMO, UrFU, and some other universities have their own investment support experience.

TSU was opened in 1888. The university took seventh place in the National University Rankings of 2019, prepared by the international information group Interfax, maintaining its last year position.



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