Financial Institutions

DEBT FINANCING
Industrial Development Fund was established for modernization of the Russian industry, creating new industry sectors and supporting import substitution. The Fund was launched in 2014 on the initiative of the Ministry of Industry and Trade of the Russian Federation.

The Fund offers preferential conditions for co-financing projects aimed at the development of new high-tech products, modernization and creation of competitive production processes on the basis of the best available techniques.

For the implementation of industrial technology projects the Fund provides targeted loans of between 50 and 500 million rubles at the rate of 5% p.a. for up to 7 years on a competitive basis, attracting direct investments into the real sector of the economy.

In addition, the Fund is an operator of special investment contracts

www.idfrf.org
State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)" operates to enhance competitiveness of the Russian economy, diversify it and stimulate investment activity.

Vnesheconombank is not a commercial bank, its activity is governed by special Law № 82-FZ which came into force on June 4, 2007.

VEB does not compete with commercial credit institutions and participates only in those projects that cannot receive funding from private investors. Under the Memorandum on Financial Policies, Vnesheconombank is to extend credits, guarantees and sureties under projects a payback period of which exceed 5 years and a total value is more than 2 billion rubles.

At present, Vnesheconombank Group* has been set up, it is comprised of VEB's subsidiary institutions whose activities are designed to implement various provisions of the Law "On the Bank for Development".

www.veb.ru/en
Russian Bank for Small and Medium Enterprises Support (SME Bank) was established in 1999 as an institution to support key sectors of the Russian economy. In 2013 SME Bank was appointed as a coordinator of the state guarantee systems. The bank provides credits, microcredits, real estate leasing, factoring finance, equity participation

The Bank's strategic goals are development of the financing for non-trade SMEs, including innovative SMEs and promotion the development of new markets of SME financing. SMEs in 81 out of 85 regions of the Russian Federation receive financial support.

www.mspbank.ru/en
Federal Corporation for Small and Medium Entrepreneurship Development operates as a development institution in the sphere of small and medium entrepreneurship, and gives financial and guarantee support to small and medium-scale enterprises. The previous name of the Corporation is the Credit Guarantee Agency.

The Corporation aims at attracting investment from Russian, foreign and international organizations to support small and medium-scale entities and organizations and theirs sponsors. Besides, it suggests measures of SMEs development as well as improves legal regulation in this sphere.

www.corpmsp.ru
DIRECT INVESTMENT
The Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund with reserved capital of $10 billion under management. Working alongside the world's foremost investors, we make direct investments in leading, as well as promising, Russian companies.

RDIF was created in 2011 under the leadership of the President and Prime Minister of Russia to co-invest alongside top global investors, acting as a catalyst for direct investment in Russia.

RDIF has invested and committed for this purpose over 1 trillion rubles, of which RDIF alone invested over 100 billion and 900 billion came from co-investors, partners and banks.

RDIF also attracted over $30 billion of foreign capital into the Russian economy through long-term strategic partnerships.

www.rdif.ru
NON-FINANCIAL SUPPORT
Agency for Strategic Initiatives (ASI) enables people who care about the future of the country, to implement strategic projects in business, social sphere, human resources system and vocational education and training.

Together with leading business associations, ASI launched National rating of investment climate in Russian regions in pilot mode.

Regional Investment standard has already been implemented in two-thirds of the regions, and the rest is in the final stages of implementation. By now, ASI has made half of the work planned for the implementation of the National Business Initiative. The efforts to reduce administrative barriers have been noticed by the World Bank: Russia took the 62-th place in the ranking of Doing Business.

The participation of Russian regions in WorldSkills professional competitions has gained quite a different scale. Together with colleagues from the Skolkovo School of Management, ASI has created Atlas of the new professions which is constantly being updated.

There were none of these projects if there were no dedicated and persistent people who stand behind them. Each year, the engagement of such people around ASI is gaining, and that is our main achievement. To support these professionals, leaders, to help them implement their ideas and to turn their energy into the weal of the country - that is the main task!

www.asi.ru/eng
VENTURE FINANCING
Russian Venture Conpany (RVC) is the Russian government's fund of funds and the development institute of the Russian Federation, one of country's key tools to create and expand the national innovation system. The company has a wide range of programs to develop Russia's venture investment market establish educational and organizational services for market players, as well as increase the ability of Russian technology companies to compete in the global marketplace.

RVC's main objectives are to promote Russia's venture investment industry, and to take on the role as the project office for the National Technology Initiative (NTI).

www.rvc.ru/en
JSC RUSNANO supports state policy for the development of the nanoindustry by investing in high-tech projects and creating new industries inside Russia.

By focusing on the sector of the Russian direct investment market where private investment funds and companies are only marginally represented, RUSNANO procures access to financing for hi-tech companies which need investment for further growth.

RUSNANO Group provides all the development institutes with access to participation in the projects and to the results of its completed investment projects on the basis of mutual benefit and commercial effectiveness.


www.en.rusnano.com
GRANT FINANCING
The Grants and Experts Service of the Skolkovo Foundation is responsible for the awarding and revoking of Skolkovo participant status, as well as for awarding grants, including microgrants, by the Foundation to Skolkovo participants.

Currently, participants have access to both large grants of up to 30, 150 and 300 million roubles (depending on the stage of the project), minigrants of up to 5 million roubles and microgrants that are granted to facilitate small stand-alone objectives within a given project and are provided to the amount of up to 1.5 million roubles. The microgrant financing system was designed by the Grant and Experts Service and launched in August 2015 in order to expand the grant support available for Skolkovo participants' innovative startups

The competence of the Grant and Experts Service also includes conducting expert assessments of Skolkovo participants' projects. The pool of experts who carry out scientific, technical and business expert reviews of projects currently comprises 686 people, 30% of whom are international experts. Potential experts undergo thorough checks to ensure they have no affiliation with the project participants and their competitors, and their work is also evaluated by members of the Foundation's Grant Committee.

www.sk.ru
The Foundation for Assistance to Small Innovative Enterprises in Science and Technology currently implements the innovative development programmes which aim to create new and develop already existing high-tech companies, commercialize scientific and technological activities, attract investments into small innovative businesses and create new jobs. By implementing these objectives, the Foundation annually provides financial support to more than 1,500 small innovative enterprises. During the history of its operations, the Foundation received more than 55,000 applications for all announced programs, concluded more than 13,000 contracts for research and development, supported more than 12,000 young innovators and created more than 4,500 startups

Participation of small innovative companies in the Fund's programs allows to drive scientific ideas to sustainable business creation which becomes attractive for domestic and foreign investors. Innovative projects of enterprises are assessed by the independent expertise on their scientific and technological novelty, feasibility and market sales potential.

www.fasie.ru
INDUSTRIAL AREAS
Association of Industrial Parks (AIP) is a sectoral non-profit organization that brings together the leaders in the field of industrial infrastructure in Russia. The entire list of the Association members includes more than 125 entities, representing 89 industrial parks in 45 regions of the Russian Federation. The Association is the owner of the Standard of Industrial Park, on the basis of which certification of industrial parks in Russia is carried out.

www.indparks.ru/en
The Special Economic Zones (SEZ) of the Russian Federation are a large-scale federal project aimed to bring in investments and advanced scientific, manufacturing, and management technologies.

The zones provide companies with a unique opportunity to use the full range of Russia's investment opportunities while avoiding the typical concerns related to non-market business pressures and inefficient administration.

www.eng.russez.ru
The Association of Clusters and Technology Parks is a leading non-governmental business membership organization comprising the organizations of technological and industrial infrastructure. The mission of the Association is to work on improvements in terms of social-economic development and fulfillment of scientific-industrial potential of Russia. The Association provides a dialogue between the business community and the federal and regional authorities, the institutes of development.

Among its members are technology parks, clusters' enterprises, regional development corporations, cluster development centers, and nanotechnology centers, which are situated in all regions of the country.

The Association represents the interests of our members in Russia and abroad. International activity of the Association covers more than 10 countries across the globe at a governmental level, as well as at the level of intergovernmental commissions, associations, and the organizations of technological and industrial infrastructure. Every year the Association organizers business missions of regional business community representatives and local authorities to Germany, France, China, etc.

www.akitrf.ru/en