Bortnik Fund to receive 19B RUR from the state budget

Bortnik Fund to receive 19B RUR from the state budgetState financing of the Fund for Small Innovative Enterprises in Science and technology (Bortnik Fund) will total 19B RUR in 2013-2015, according to the forecast of socio-economic development of the Russian Federation for 2013 and the planning period of 2014-2015, which was published on Wednesday at the Ministry of Economic Development website.

It is planned that the fund will receive 5B RUR in 2013, 6B RUR in 2014 and 8B RUR in 2015.

The Fund will be the basis of the innovative lift, providing development institutions with projects, the forecast says.

The Foundation for Small Innovative Enterprises in science and technology is a non-profit organization of the Russian Federation which provides financial, informational, and other assistance to small businesses that implement innovative projects.





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