In the first half of 2024, the Investment and Venture Fund of the Republic of Tatarstan doubled the amount of approved loans to industrial enterprises.

Since 2016, IVF RT has been authorized as the regional industrial development fund in the Republic of Tatarstan. Together with the Federal Industrial Development Fund (FRP), IVF provides soft loan co-financing to projects aimed at import substitution and the production of competitive civilian products.

In the first half of the year, 4 projects worth 707 million rubles were approved for financing, including 70.7 million rubles from IVF RT funds. The financing of projects was also supported by the Ministry of Industry and Trade of the Republic of Tatarstan.

Two projects worth 307 million rubles have already been financed. These are companies producing cardan shafts for trucks and buses, and manufacturing automotive components for brake systems and suspension. The amount of co-financing from IVF RT amounted to 30.7 million rubles.

In 2023, 4 projects worth 358 million rubles were financed under joint IVF RT and FRP programs, including the production of floor SPC coverings (stone-polymer laminate). As part of the project, the company purchased technological equipment and organized the production of modern SPC laminate with improved strength and water resistance characteristics.

Another project financed in 2023 was an import-substituting production and plant for manufacturing rechargeable batteries. The new batteries are produced using EFB technology and provide higher reliability and performance compared to standard lead-acid batteries. IVF RT's investments will allow the annual production of up to 80,000 units of modern rechargeable batteries that are not inferior to imported counterparts.

Over the entire period of IVF RT's activity as a regional industrial development fund, 15 investment projects in the industrial sector have been financed with a total investment budget of 2.2 billion rubles. Financing from the Federal Industrial Development Fund amounted to more than 1 billion rubles. The Investment and Venture Fund of the Republic of Tatarstan allocated 268.3 million rubles.

Funding was received by manufacturers of components for automobiles and household appliances, manufacturers of electrical equipment, medical products, footwear, concrete products, floor coverings, and biological plant protection products.

Investment funds come from several sources, including from the applicants themselves for project financing, the Federal Industrial Development Fund, and the Investment and Venture Fund of the Republic of Tatarstan.

June 7, 2024

IVF RT and the Moscow Innovation Cluster Fund Sign Agreement at SPIEF-2024

At the St. Petersburg International Economic Forum – 2024, the parties signed an agreement on creating favorable conditions for attracting investments into technology projects, forming joint tools for interaction with technology projects to develop Russia's technological sovereignty, and creating favorable conditions for the development of technology companies and breakthrough technologies. The signing was attended by Damir Galiev, Director of the Investment and Venture Fund of the Republic of Tatarstan, and Alexey Parabuchev, General Director of the Moscow Innovation Cluster Fund.

The parties intend to facilitate the creation of favorable conditions for attracting investments into technology projects, assess the investment attractiveness of technology projects, and conduct investment sessions based on the results of the project attractiveness assessment.

In addition, the companies agreed to participate in each other's expert activities in the field of innovative development and exchange experience in implementing support programs aimed at developing innovative and investment activities.

The Investment and Venture Fund of the Republic of Tatarstan was established by the Government of the Republic of Tatarstan on November 17, 2004, with the aim of developing innovation activities in the Republic of Tatarstan. The total investment portfolio of the fund in current innovation and investment projects is 7.4 billion rubles. Today, the fund's total portfolio includes more than 368 projects.

[The "Moscow Innovation Cluster" Fund contributes to creating conditions for the implementation of priority directions of scientific and technological development in the capital – the development and implementation of innovative technologies, ensuring scientific, technical, and industrial cooperation, and effective interaction of all participants in the Moscow innovation ecosystem. The cluster includes more than 39,000 organizations from Moscow and 84 regions of Russia.]