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MIL OSI Translation. Region: Russian Federation –

Source: Ministry of Economic Development (Russia) – An important disclaimer is located at the bottom of this article.

The program of preferential lending to high-tech, innovative small and medium-sized businesses at 3% per annum within the framework of the federal project “Takeoff – from startup to IPO” has been extended to small technology companies (STC). At the same time, the maximum amount of borrowed funds has been increased to 1 billion rubles. This is the first implemented financial support measure for this category of business. For high-tech small and medium-sized enterprises, the amount remains the same – up to 500 million rubles.

On behalf of First Deputy Chairman of the Government of the Russian Federation Andrei Belousov, the corresponding changes were prepared by the Ministry of Economic Development of Russia together with the SME Corporation. MTCs that meet the program conditions can already apply for a loan on preferential terms through the SME.RF digital platform. The application review period is up to 1.5 months. Lending is provided by SME Bank. More information about the requirements for applicants for MTK status can be found in the instructions on the website of the Russian Ministry of Economic Development.

“The expansion of support measures for small technology companies meets the task of ensuring the country’s technological sovereignty and the course towards import substitution outlined by the President. For small companies producing high-tech products, preferential loans from the state in the amount of up to 1 billion rubles will allow them to more actively implement projects and reach a new level of development and production. Based on this support measure, such companies will have the opportunity to become national leaders in their industries. Applications for participation in this preferential lending program are accepted electronically via special service on the SME.RF Digital Platform,” commented Russian Minister of Economic Development Maxim Reshetnikov.

At the same time, MTC does not need to undergo an examination and provide documents to confirm innovativeness. At the moment, 1,700 companies have already been assigned MTC status based on the results of an examination or automatically based on the Unified Register of final recipients of state support for innovation activities.

“To receive this measure of state support, companies are required to comply with a number of criteria. In addition to compliance with priority industries, they must belong to the ITC or pass the examination of innovative development institutions, have annual revenue of 100 million rubles and its average annual increase of at least 10%. Entrepreneurs must own the rights to the results of intellectual activity. Also, under this program, loans will continue to be provided to innovative SMEs,” noted Alexander Isaevich, General Director of the SME Corporation.

A preferential lending program within the framework of the federal project “Takeoff – from startup to IPO” was launched in April 2022 as part of the national project “Small and Medium Enterprises”. The national project was initiated by Russian President Vladimir Putin. It is supervised by First Deputy Chairman of the Government of the Russian Federation Andrey Belousov.

Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

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

MIL OSI News (multilanguage service)