Rustam Minnikhanov and Andrey Fursenko open Kazan venture fair

VII Kazan venture fair has opened today in the Tatarstan capital. President of Tatarstan Rustam Minnikhanov and RF Minister of education and science Andrey Fursenko took part in solemn opening ceremony.

Vice RF Minister of economic development Oleg Fomichev, CEO of the Russian association of direct and venture investment Albina Nikkonen and other officials attended the ceremony.

Andrey Fursenko congratulated everyone on opening of the Kazan venture fair.

Vice RF Minister of economic development Oleg Fomichev also congratulated guests and participants of the event saying that the key to economic success of the country is in such interaction between business and power.

Being a big regional contract site for potential investors, the Kazan venture fair has been held every year since 2005 under the auspices of the republican president. The fair is organized by RT Investment venture fund and the Russian association of direct and venture investment.

Technology projects for Russian and European investors are presented at VII Kazan venture fair.

Traditionally among participants of the event are representatives of Russian and foreign venture funds, private investors, big corporations. 63 companies representing Russia, Lithuania (Vilnius), China (Beijing) take part in the current fair. Total cost of suggested projects makes 1,6 bln roubles. Average amount of required funding for one project is 25 mln dollars. Amount of investments in projects presented at last fair made 225 mln dollars.

The fair is traditionally rich in different events where participants can share their experience in the sphere of direct investment and venture capital, discuss common problems, and define efficient development strategies for their companies.