Tatarstan Government and Russian Venture Company signed Agreement on cooperation in innovation activity

On December, 9, at the meeting of Board of Trustees of Tatarstan Investment and Venture Fund, Tatarstan Prime Minister Ildar Khalikov and CEO of Russian Venture Company Igor Agamirzyan signed an agreement on cooperation in innovation activity and "road map" in the field of development of venture capital investments between Tatarstan Government and Russian Venture Company.

The President of Tatarstan Academy of Sciences Myakzyum Salakhov made a report on results of the tenth regional contest "Fifty Best Innovative Ideas for the Republic of Tatarstan." In particular, he said that in 2014, 1612 applications to take part in the contest have been received from 13 Russian regions. Ten 10 winners were selected in each of eight nominations. Moreover, some of the projects submitted for the contest, won awards and scholarships from partners of the contest.

The Director of Tatarstan Venture Investment Fund Ainur Aideldinov reported on mechanisms to support innovative companies in their early stages. His proposal to provide financial support to promising innovative companies to enable them to promote their projects after the research and experimental development stage was approved by the Board.

Igor Agamirzyan told about key factors of success and development of the venture capital industry in Russia.

The Executive Director of the Russian Venture Capital Association Albina Nikkonen briefed on the work of venture investment funds in the Russian market in 2014.