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Vnesheconombank and the Industry Development Fund agree to cooperate

28 october 2015 года
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In the course of the Moscow International Innovative Development Forum “Open Innovations” Vnesheconombank and Federal State Autonomous Institution the Russian Technological Development Fund (the Industry Development Fund) signed an agreement on cooperation.

On behalf of Vnesheconombank the agreement was signed by Chairman Vladimir Dmitriev and on behalf of the Industry Developent Fund – by Director Alexei Komissarov.


The parties intend to cooperate in implementing investment projects aimed at encouraging modernization and creating new production facilities on the basis of the best available technologies as well as at stimulating manufacturing of industrial competitive products ensuring import substitution and export potential.

As part of implementing the agreement, the Bank and the Fund are to jointly inform production facilities about the current state support measures.

In order to improve the government policy aimed at providing support for activities in the industrial sector, the parties agreed to prepare proposals for updating existing and developing new state support measures and instruments.

Autonomous Institution Russian Technological Development Fund (the Industry Development Fund) was set up for upgrading Russian industry, organizing new production facilities and ensuring import substitution. The Fund was established in 2014 at the initiative of the Russian Industry and Trade Ministry by way of transforming the Russian Technological Development Fund. The Fund offers preferential terms of co-financing projects aimed at developing new high-tech products, technical retooling and creating competitive production facilities on the basis of the best available technologies.

Vnesheconombank’s activity is designed to overcome infrastructure economic growth restrictions, upgrade and develop non-raw material economy, high-tech industries, encourage innovations and exports of high-tech products, implement projects in special economic zones as well as projects on environmental protection and on providing support for small and medium-sized enterprises.


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