“There are modern enterprises in Russia’s Far East that have already made some serious progress in advanced high-tech industries. There are not very many of these companies around right now, and our aim is to help them take advantage of the new tools that are there to grow their business, as well as to make use of the support available from public development institutes to raise some extra capital for investing in promising projects. That is exactly why the Far East High Technology Fund has been set up, to achieve this specific aim.”

“The Fund invests in innovative projects which target and aim to address specific problems in the Russian Far East and drive the macroregion’s industrial development. With the support of the Fund, we are confident that cutting-edge technology will become the reliable backbone of business in areas including electricity generation, mobility and staff training. I hope our investment will make a substantial contribution to the transformation the Russian Far East is undergoing to become a technologically advanced and competitive macroregion.”

“The new Far East Fund for High Technology was announced at the Eastern Economic Forum in 2017. It has moved into the active phase of investment within just a short period of time, and has succeeded in creating projects which are currently in the pipeline. Thanks to the Fund, the list of venture support instruments available for high-tech projects in the Russian Far East will grow, including support for projects from the National Technology Initiative.”

“There is great potential in the Russian Far East for realizing breakthrough innovative projects. Russia’s Far East is home to many talented people and it is where many large enterprises do business, so the demand is there for high-tech products and services in agriculture, fishing, oil and gas, mining and other industries. State support for the introduction of effective innovative technology will help make the economy of the Russian Far East more competitive.”