Alexey Ivanchenko Tells French Start-ups About VEB.RF’s Innovation Business Support
On Tuesday, VEB.RF Deputy Chairman Alexey Ivanchenko addressed a meeting of Trianon Startups, a French-Russian initiative to support prominent young businesspeople from both countries. The initiative was launched last year as part of the Dialogue de Trianon, aimed at cementing civil society relationships between Russia and France. The delegates from the 30 most promising French start-ups gathered to learn about support for this kind of business in Russia and about whether they could take advantage of such support.
Alexey Ivanchenko told the meeting about VEB.RF’s innovation activities and the development institution’s role in the Russian ecosystem of start-ups. “We help start-ups at one of the most important and difficult stages, where the project has already made the first prototype, has received orders and needs to reach a new target: mass production,” he said. He also told the audience about the investment mechanism for the “upward mobility” of small and medium-sized non-commodity businesses, whereby they can receive support in entering foreign markets and increasing the share of export revenue.
Along with Alexey Ivanchenko, the speakers were representatives of other public and private business support institutions, such as Alexey Voronin, Vice President, Russian Direct Investment Fund; Anton Moskalenko, Head of International Relations, Agency for Strategic Initiatives; Alexey Steblev, Partner, RDI Digital Russia; and Alexandra Filatova, Head of International Development, GenerationS.
During the meeting, Alexey Ivanchenko came up with a proposal to move towards creating an integrated start-up support platform enabling large companies to place orders, and start-ups to offer their solutions. “It would be some kind of matrix of Russian large companies’ demand for innovative and digital solutions that can improve workforce productivity and create competitive advantage,” he proposed. The idea received support from the French entrepreneurs.
The French participants asked about the localisation requirements for foreign products in the Russian market, the relationship between the start-up industry and the government, the registration of French businesses, and much more. Alexey Ivanchenko noted that Russia’s infrastructure of innovation business support was primarily aimed at developing the domestic IT industry, but close and mutually beneficial cooperation with foreign companies could be one of the most effective ways to achieve this goal.
For information:
The Dialogue de Trianon is a civil society forum initiated by Russian President Vladimir Putin and French President Emmanuel Macron in 2017. It is named after the Grand Trianon, a French château where the heads of state agreed on the initiative. The Dialogue de Trianon is co-chaired by Anatoly Torkunov, Rector, Moscow State Institute of International Relations, and Pierre Morel, Former French Ambassador to Russia; the Secretaries General are Alexander Orlov, Former Russian Ambassador in Paris, and Nicolas Chibaeff, a French diplomat.
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