Roman Shaykhutdinov: The State should take active part in venture investments

On 10 April in the zero day of the Russian Venture Forum moderated by the Director of the Association of Innovative regions of Russia Aleksandr Smekalin and with participation of 1000 people, including experts, investors, representatives of startups and venture funds, large corporations and development institutions, Tatarstan Deputy Prime Minister Roman Shaykhutdinov took part in a plenary discussion “The role of regional clusters and economic zones in shaping a venture deals flow”, where its participants discussed factors influencing the venture investments market, the role of key market players in stimulating the investments activity and the most efficient measures of state support in this sphere.

Speaking in the discussion, Roman Shaykhutdinov emphasized the importance of raising the attractiveness of the Russian venture market which remains not that big so far and is concentrated around three key groups, namely state companies, private companies and venture funds. According to him, these three segments should be those getting this support and even though there is an innovational ecosystem in Russia, which formally is in keeping with the level of other famous countries, a professional tuning is necessary for raising profitability of venture investments.

He stated that there is a positive tendency in the republic in supporting technological entrepreneurs as here are conditions facilitating the development of business.  There are numerous platforms such as the Idea Technical Park, the high end technical park IT-Park and the Innopolis to support startups and young teams have an access to the market and an opportunity to demonstrate their technologies and ideas. Thus Tatarstan not just offers “fish” in the form of ready solutions but gives a fishing rod – tools and possibilities for achieving success, Roman Shaykhutdinov said.