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Today, within the framework of the new federal project “Platform of University Technological Entrepreneurship”, the acceptance of applications from students for a grant of 1 million rubles for the implementation of start-ups starts.

The organizers of the competition are the Ministry of Education and Science together with the Innovation Promotion Fund, the VEB.RF group.

“According to world statistics, every fourth startup, that is, a quarter of all startups, is born at universities. In Russia, this figure is only 3%. The main goal of state support for student startups within the framework of the new federal project “University Technological Entrepreneurship Platform” is to stimulate the development of youth entrepreneurship, make universities a place to launch and further promote business ideas. This year, 1,000 students will be able to receive grants. The size of each will be 1 million rubles. In the future, we will expand the number of grant recipients. In 2023, we plan to support 1.5 thousand students, and in 2024 – about 2 thousand university students. The government of the country will allocate 4.5 billion rubles for these purposes until 2024,” Dmitry Chernyshenko said.

The Deputy Prime Minister recalled that within the framework of the federal project “University Technological Entrepreneurship Platform” in 2022, 15 pilot university start-up studios and 20 entrepreneurial “boiling points” will be created. In total, 5.2 billion rubles will be allocated from the federal budget for the implementation of the federal project this year, more than 2 billion are planned to be attracted from extrabudgetary sources.

“Today, more than half of the students have a desire to realize themselves in their own business. Our task is to enable ambitious guys to reveal their entrepreneurial potential, create conditions for working on the first start-ups and attracting investments. In addition to grants, start-up entrepreneurs will also be able to receive support in the form of an annual academic leave, which they can spend on developing a business idea. At the same time, the project can be implemented both alone and in a team. Therefore, within the framework of the University Technological Entrepreneurship Platform project, in 2022 it is planned to allocate 1.1 billion rubles from the budget and 375 million rubles of extra-budgetary funds for acceleration programs to support student entrepreneurial teams. 50 million rubles from the budget and the same amount of extra-budgetary funds will be spent on entrepreneurial “boiling points” in universities,” said Minister of Science and Higher Education Valery Falkov.

The head of the department added that an important tool for the development of youth entrepreneurship is the Startup as a Diploma program, in which students can defend their own real business project or idea as a final qualifying work.

“The formation and stimulation of student activity in the creation of technology teams and start-ups should become one of the drivers for the development of an innovative economy – a generator of ideas that can potentially be supported by technology partners and investors. I am sure that companies capable of solving serious technological problems can grow out of such student teams and startups, including within the framework of strategic initiatives for the socio-economic development of the country, including such projects as “Unmanned Logistics Corridors”, “Air Cargo Delivery”, “ Personal Medical Assistants” and others,” said Leonid Osipov, Chief Executive Officer of VEB.RF for Technological Development and Innovation.

The first wave of applications for the Student Startup competition will last until April 11, 2022. The selection of projects will be held in seven thematic areas: digital technologies, medicine and health-saving technologies, chemical technologies and new materials, new devices and intelligent production technologies, biotechnology, resource-saving energy and creative industries.

Students enrolled in bachelor’s, specialist’s, master’s and postgraduate programs who are ready to develop a new product, product, technology or service with commercialization potential based on their own scientific and technical and scientific and technological research can take part in the competition.

A university student who receives a grant will have to register a legal entity, develop a business plan and a startup website.

More information can be found on the competition website:

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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