Another thing is that the company attracts money at a different stage after us - then it is logical
Posted: Mon Jan 20, 2025 5:17 am
In addition, we cooperate with other development institutions and always clarify whether the company has received money from them. Not long ago, one company came, it turned out that they had already been financed by RUSNANO, then another company, in which the Seed Investment Fund invested.
That's why we have a double check: an internal singapore mobile phone numbers database project review and a check on other development institutes. Although, apart from us, only Skolkovo issues grants, all the others are included as a share in the capital.
— Do you invest in CIS projects?
No, we are a state fund, we operate with federal budget money, so we can only finance Russian citizens and companies registered in the Russian Federation. But we have many international programs that we implement together with foreign partners.
The scheme of work is as follows: we announce the acceptance of applications, then assemble a joint jury of our and foreign colleagues. If a decision is made to support the project, the foreign company receives funding from foreign funds, and the Russian company receives funding from Russian funds. The money does not cross the border.
— How do you feel about the fact that there is less funding at early stages?
We have a lot of good ideas — in the CMITs, at Startup Village, even among schoolchildren. We lack seed funding of 5-10 million rubles. We even see from our own experience that we have 5 times more applications than we issue grants. At the same time, we do absolutely no PR, we do not promote the program. If we invested in advertising, there would be even more applications.
— How can this problem be solved strategically?
Firstly, it is necessary to find an opportunity in the budget, because grants are a budget in any case. There are not many other options, investors are unlikely to go for this. Although the development of the business angels institute could also significantly increase the volume of investments at the early stages, but here we also need to think about protecting investors legislatively. Now the introduction of a bill on tax breaks for investing in business and for exiting a project is being discussed.
That's why we have a double check: an internal singapore mobile phone numbers database project review and a check on other development institutes. Although, apart from us, only Skolkovo issues grants, all the others are included as a share in the capital.
— Do you invest in CIS projects?
No, we are a state fund, we operate with federal budget money, so we can only finance Russian citizens and companies registered in the Russian Federation. But we have many international programs that we implement together with foreign partners.
The scheme of work is as follows: we announce the acceptance of applications, then assemble a joint jury of our and foreign colleagues. If a decision is made to support the project, the foreign company receives funding from foreign funds, and the Russian company receives funding from Russian funds. The money does not cross the border.
— How do you feel about the fact that there is less funding at early stages?
We have a lot of good ideas — in the CMITs, at Startup Village, even among schoolchildren. We lack seed funding of 5-10 million rubles. We even see from our own experience that we have 5 times more applications than we issue grants. At the same time, we do absolutely no PR, we do not promote the program. If we invested in advertising, there would be even more applications.
— How can this problem be solved strategically?
Firstly, it is necessary to find an opportunity in the budget, because grants are a budget in any case. There are not many other options, investors are unlikely to go for this. Although the development of the business angels institute could also significantly increase the volume of investments at the early stages, but here we also need to think about protecting investors legislatively. Now the introduction of a bill on tax breaks for investing in business and for exiting a project is being discussed.