“The state is very interested in the thriving youth entrepreneurship in Russia, and this is one of the focuses of the country’s economic development,” he said.
Among the support measures, Vaino cited subsidies issued by the Ministry of Economic Development to individual entrepreneurs under the age of 25 for certain promising projects.
“The amount varies from 100,000 rubles to 500,000 rubles, and for those working in the Arctic, the amount reaches 1 million rubles,” said the official interlocutor.
Another example is the Youth Entrepreneurial Initiative Foundation, which works in conjunction with the Constructorium platform and “does not issue grants, but investments in the scale of up to 50 million rubles,” he added.
Vaino also emphasized that both large companies and banks cooperate with promising young entrepreneurs. “They are supported by large companies such as Tinkoff, Rosatom, Rusuhydro, Sibur and Severstal, all of whom are actively developing youth entrepreneurship within and outside their organizations,” he said. I concluded.
