Tatarstan: supporting innovative start-ups

Tatarstan: A unique republic, A unique investment opportunity

Tatarstan: A unique republic, A unique investment opportunity

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Tatarstan: supporting innovative start-ups

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The state non-profit organization “Investment-Venture Fund of the Republic of Tatarstan” was established in compliance with the Regulation No 428 of the Tatarstan Cabinet of Ministers dated 17 November 2004, within the framework of the Republican Program for Development of Innovation Activities in the Republic of Tatarstan 2004–2010.

The mission of the Investment-Venture Fund is the improvement of the innovation potential in the Republic of Tatarstan, the development of science-based industries and implementation of new sophisticated technologies, formation of new approaches in developing the investment climate in the Republic, creation of favourable conditions for increasing the number of the venture capital enterprises, and for supporting SMEs.

The most important investment projects:

  • Construction of the oil-extracting factory with an annual processing capacity of 300,000 tons of oil

  • Testing and launching the light multi-purpose helicopter AKTAI

  • Establishment of a rabbit-breeding farm

  • Production of the modular complete transforming stations 2BKTP

  • Reconstruction and modernization of the plant JSC Tatkhimpharmpreparaty

  • Setting up a plastic waste-processing facility

In 2005 the Foundation for Assistance and Development of Venture Investments in Small-size Scientific and Technological Enterprises was established in the Republic of Tatarstan. The value of the fund, including funds from private investors, amounts to $32 million.

In 2007 Tatarstan won the tender organized by the Russian ministry of economic development and trade. As a result, the IT-Fund was formed for venture financing development of science-intensive technologies in the Republic of Tatarstan. $3 million from the Russian Federal budget and the same amount from the Tatarstan budget were assigned for setting up the fund. The IT-Fund assets will be used for the organization of a closed unit investment fund property complex “Regional Venture Fund of Investments into the Republic of Tatarstan Small Enterprises in the Information Technologies Sphere,” with investments totaling $12 million.

The most important venture projects:

  • Solvent-processing technology of natural bitumen

  • Organization of alkaline accumulators production

  • Flying Wing of Vertical Takeoff and Landing

  • A hardware-software complex for geological survey of hydrocarbons based on the method of point electromagnetic sounding

  • Creation of a social inclusion system for people with hearing impairment

  • Production of a super-plasticizing agent AROS-F for cement concrete