The Far Eastern High-Tech Fund to Invest up to 350 Million Roubles in Pilot Innovative Projects
As part of the Eastern Economic Forum (EEF), which takes place in Vladivostok, the Far Eastern High Technology Fund (FAHTF), created by FRDV, RUSNANO, and RVC, has concluded some agreements with companies developing promising innovative solutions million roubles.
In particular, the FAHTF will support companies that have developed unique hydrogen fuel cells for drones and robotized equipment, an intelligent modular industrial safety system, a VR training platform, an autonomous power supply system that allows converting gas from main gas pipelines into heat and electricity.
“The Fund invests in innovative projects that allow overcoming the specific problems of the Far East and stimulating the industrial development of the macro-region. We are confident that with the support of the Fund, promising technologies will become reliable business support in the issues of energy supply, mobility, and training of personnel. I hope that our investments will make a significant contribution to the transformation of the Russian Far East into a technologically advanced, competitive macro-region,” said Anatoly Chubais, the Chairman of the Management Board of RUSNANO.
“In the Far East, there are enormous opportunities for the implementation of breakthrough innovative projects. Many talented people live here, and many large enterprises demand high-tech products and services in agriculture, fishing, oil and gas, mining and other industries. State support for the implementation of effective innovations will increase the competitiveness of the Far Eastern economy,” said Alexey Chekunkov, General Director of the Far East Development Fund.
“The Far Eastern High-Tech Fund was announced at the EEF a year ago. Over a short period, the fund has moved to an active stage of investment and now successfully forms a pipeline project. It is important to underline that the priority of the investment strategy of the fund is projects that correspond to the NTI markets. We are talking about uncrewed vehicles, neurotechnologies, personalized medicine, new production technologies, and intellectual energy. This is the fifth fund in the RVC portfolio already, whose mandate is focused on NTI. Thus, we expect to expand the range of tools for venture support for projects of the National Technology Initiative,” said Alexander Povalko General Director of RVC.
“The authors of the first innovative developments supported by the Foundation offer non-standard and effective solutions to local problems faced by industrial enterprises working in the Far East. It is important that the initiators themselves were able to move from idea to the stage of practical implementation of innovations. We see our mission in the further promotion and development of promising projects both through providing financial leverage and through active assistance in expanding the sales market of products and services involving large businesses and state-owned companies that have production facilities in the Far East,” commented on the first transactions the General Director of the Far Eastern Technofund Ruslan Sarkisov.
Some large Russian industrial enterprises have already shown their interest in FAHTF projects. In particular, within the framework of the EEF, the Far Eastern High Technology Fund has signed a number of cooperation agreements aimed at promoting and practical implementation of promising innovative developments with the Government of the Sakha Republic (Yakutia), as well as large industrial companies implementing projects in the mining industry.
The Far Eastern High-Tech Fund was created with the participation of the FRDV, RUSNANO, and RVC in pursuance of the instructions of the President of Russia V. V. Putin on the development in the Far East of high-tech industries and innovation. The total amount of the fund at the first stage will be 4.9 billion roubles of which 1.7 billion roubles will be invested by the Development Fund of the Far East and RUSNANO, 1.5 billion roubles will be invested by RVC.