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Venture Fund will be created for the Far East - EastRussia | Far East

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Venture fund will be created for the Far East

Venture fund will be created for the Far East
Photo: pixabay.com

The creation of a special venture fund in the Far East was proposed by Russian President Vladimir Putin. In his opinion, this will help the development of startups and businesses.

As Vladimir Putin noted, speaking at the plenary meeting of the Fifth Eastern Forum, now startups led by young people are the driving force behind technological development. In order to increase their number and turn projects into medium and large companies, it is necessary to create a special fund.

“We need a regulatory environment and effective financial instruments. In this regard, I propose creating a special venture fund in the Far East, ”said Vladimir Putin,

The government of Russia should propose concrete solutions on this issue. According to the president, there are already sources of funding for the fund.