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Arctic region to foster investment in promising startups
Arctic region to foster investment in promising startups
Arctic.ru: Discover how Russia implements its development goals in the Arctic and the Far East
2025-09-03T11:22
2025-09-03T11:22
2026-03-13T09:24
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economy
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The Far East and Arctic Development Corporation has signed an agreement with the Yakutia Innovation Development Fund to create favorable conditions for venture investment. The program will support innovative projects and technology startups in Russia’s Arctic Zone and the Far East, the Ministry for the Development of the Russian Far East and Arctic reported.The initiative will apply an umbrella model, establishing a unified network of regional venture funds, accelerators and expert centers. This structure will simplify the process of identifying and evaluating promising projects for investors while offering comprehensive support from early-stage ideas to scaling up on the global market.“ One of the most pressing requests from investors concerns attracting external financing. The new program will help secure funding for priority sectors,” Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yury Trutnev said.According to the Ministry for the Development of the Russian Far East and Arctic, the agreement will create favorable conditions for attracting capital into priority sectors such as the creative economy, IT and digital technologies, biotechnology, the green economy, robotics, and artificial intelligence.
2025
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Arctic region to foster investment in promising startups
The Far East and Arctic Development Corporation has signed an agreement with the Yakutia Innovation Development Fund to create favorable conditions for venture investment. The program will support innovative projects and technology startups in Russia’s Arctic Zone and the Far East, the Ministry for the Development of the Russian Far East and Arctic reported.
The initiative will apply an umbrella model, establishing a unified network of regional venture funds, accelerators and expert centers. This structure will simplify the process of identifying and evaluating promising projects for investors while offering comprehensive support from early-stage ideas to scaling up on the global market.“ One of the most pressing requests from investors concerns attracting external financing. The new program will help secure funding for priority sectors,” Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yury Trutnev said.
According to the Ministry for the Development of the Russian Far East and Arctic, the agreement will create favorable conditions for attracting capital into priority sectors such as the creative economy, IT and digital technologies, biotechnology, the green economy, robotics, and artificial intelligence.
