Supervisory Board on the development of venture capital industry in Tatarstan

Meeting of the Supervisory Board on the development of venture capital industry in Tatarstan Republik

The meeting was held in Kazan (Privolzhskii) Federal University, attended by the heads of leading international companies engaged in venture capital.

The tasks of the Supervisory Board formed to promote innovation and venture capital industry in the Republic of Tatarstan is to develop and review measures necessary for the development of venture business and innovative entrepreneurship in Tatarstan, to advice republican departments on the necessary actions for the development of innovative industry, to carry out expertise of venture projects.


According to Rustam Minnikhanov, the priority areas of innovation for Tatarstan are energy efficiency, high-tech products manufacturing, and nanotechnologies. In the development of innovation Tatarstan actively cooperates with federal authorities and relies on scientific and educational centers. The President of the Republic of Tatarstan announced that the republic has a developed innovation infrastructure in the form of industrial parks and investment funds.

The main challenge in this area, according to the words of Rustam Minnikhanov , is to increase the share of innovative products in the gross regional product of the republic from the current 18 percent at least twice.


In general, members of the Supervisory Board noted that in Tatarstan there are a number of conditions necessary for the development of innovative industry and that the right approach can yield positive results.