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Roscongress Foundation and Innovation Promotion Fund Agree to Jointly Support Business Priority Innovation Projects

21 October 2019
Фонд Росконгресс и Фонд содействия инновациям договорились о совместной поддержке приоритетных для бизнеса инновационных проектов

The Roscongress Foundation and the Foundation for Assistance to Small Innovative Enterprises in Science and Technology (Innovation Promotion Fund) signed an agreement at the Open Innovations Forum in Moscow on 21 October 2019 on cooperation to develop a market of innovative high-tech commercial projects in the Russian Federation with a high level of liquidity on the global market, to promote the Business Priority innovation project quality standard, and to also attract financing and investment for innovative projects that have been granted the ‘Business Priority’ status.

«The Business Priority innovative projects are promising, high-tech companies with potential for international development. The Roscongress Foundation, as a socially oriented non-financial development institution, is ready to provide comprehensive support to such companies and projects, including as part of our largest business events, such as the St. Petersburg International Economic Forum, the Eastern Economic Forum, and the Russian Investment Forum. Our activities aim to create conditions and infrastructure for investors to have simple and transparent access to innovative and high-tech projects», Roscongress board member Yuri Cherches said.

Sergey Polyakov, the General Director of the Foundation for Assistance to Small Innovative Enterprises in Science and Technology, also noted the important role of supporting innovative companies for economic development. «The Business Priority project aims to create a national quality standard for high-tech innovative projects with high liquidity on the global market. Support for such projects is fully consistent with the goals of the government’s policy in the development of the scientific and technical sector».

The Roscongress Foundation is implementing the Business Priority project in accordance with the strategic goals announced by Russian President Vladimir Putin. According to Decree No. 204 of the President of the Russian Federation dated 7 May 2018, «accelerating the technological development of the Russian Federation and increasing the number of organizations that implement technological innovations to 50 percent of their total number» is one of the national development goals of the Russian Federation until 2024.

At present, two contests have been launched as part of the Roscongress Foundation’s Business Priority project. The contest ‘Top 10 Innovative Companies in the Energy Sector’ is being held jointly with the Russian Ministry of Energy and aims to identify the most popular and promising innovative solutions that can significantly change the energy sector both in Russia and around the world.

The contest ‘Top 10 Innovative Companies in Healthcare’ is being held jointly with the Russian Ministry of Health with the support of the Content Foundation for the Development of Expert and Analytical Activities and the Skolkovo Foundation. The contest will help to implement public health policy, enhance people’s quality of life, and improve infrastructure as a result of introducing innovative medical technologies, including early diagnosis and the remote monitoring of patients’ health. The final part of the competition and the award ceremony will take place at the Healthy Life Forum on 12 February 2020.