TLDR:
Valery Falkov and Rustam Minnikhanov discussed the need to shift focus on supporting mature startup projects at RVF 2024 in Kazan. The domestic venture industry should provide support for mature scientific research and development. The participants also discussed the importance of attracting venture capital to move towards real production and import substitution.
Article Summary:
At the XVIII Russian Venture Forum, Valery Falkov and Rustam Minnikhanov discussed the importance of supporting mature startup projects in the venture capital market. The federal project “University Technology Entrepreneurship Platform” previously focused on early-stage startups, but now there is a need to provide support for more mature scientific research and development. With the aim of involving venture capital from Russian funds, the discussion also highlighted the importance of tools to attract investments into technology entrepreneurship.
Valery Falkov emphasized the importance of an evolutionary approach to support the existing ecosystem of technological entrepreneurship. The federal project has created an ecosystem that includes training, acceleration programs, and grant competitions, allowing students to develop their innovative ideas. Additionally, the discussion touched upon the need for an alliance with investors from the Islamic world and BRICS to advance in the venture business.
The participants also highlighted the importance of attracting venture capital to shift focus from beginner ideas to real production and import substitution. They discussed the need for new investment tools and independent private funds to revitalize the Russian venture capital market. Despite challenges, the participants agreed that in the new reality, investors are interested in mature projects that will bring real benefits.
