Business angels and government to discuss early-stage innovation support

Ways of supporting Russian innovation projects at early stages will be a key topic for discussion at the 2nd Russian Business Angel Week later this fall.

Ways of supporting Russian innovation projects at early stages will be a key topic for discussion at the 2nd Russian Business Angel Week later this fall, Russian news agency RIA Novosti reported, citing a source behind the future event. Many experts believe the government should reconsider its priorities in innovation support and increasingly favor pre-seed and seed stage projects because the business angel community thinks this is a key prerequisite for the fostering of Russia?s high-tech sectors. ?During the Week, we will put together a long-term strategy for Russia?s early-stage VC investment market development and outline ways of smoothly integrating the Russian investment community into the pan-European one,? said Konstantin Fokin, the president of Russia?s National Association of Business Angels (NABA)...