Central regions | Finance, business | Technology & innovation

Government tech giant teams up with partners to back start-ups

9 Jul '19
Rostec, the national umbrella for Russian large- and middle-scale technology companies, has set up a special fund, Industria 4.0, to invest in industrial tech, robotics, artificial intelligence, digital twins, and new materials, the Russian business daily Vedomosti reported, citing a spokesperson for Rostec.

Part of the new $78m fund is expected to come from external investors (corporations, the national development institutions or financial organizations). By the end of this year the government-owned firm wants its fund to have at least $47m.

Industria 4.0 will invest in companies that already have off-the-shelf proprietary technology and have launched first sales. The investees will be expected to introduce their technologies to production processes at Rostec assets, thus stepping up commercialization. The size of an investment will depend on how developed a potential investee is, but no company will receive more than $4.7m. Support will come as a convertible loan or as purchase of an up to 49% stake in a company. At this stage, Rostec wants to invest in 10-15 companies.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: fund (781) / start ups (38) / Rostec (31) / Industria 4.0 (0) /

Latest News: Central regions
22 May '20 | Technology & innovation
22 May '20 | Technology & innovation
22 May '20 | Technology & innovation
 

Feature stories

21 May '20
Russian and Italian researchers have developed a...
5 Apr '20
To extend the service life of medical fabric masks—an...
26 Feb '20
A Russian developer has come up with its own...
Search (News archive - 21984)

World of the Future, World of AI

Luc Jones: A Guide to Doing Business in Russia and the CIS Countries
Why Russians Don't Smile
Advertising
Venture_Russia_2019_eng
Advertising
NATT
Advertising
Marchmont News

Latest News

22 May '20
The Russian Cabinet is mulling over possible...
20 May '20
Sberbank, Visa and a Russian retail partner are about...
19 May '20
A beta-version of Russia’s first banking app to help...

Most read stories from last week

22 May '20
SensoMed, a resident of the Skolkovo Foundation's...
22 May '20
The Russian Cabinet is mulling over possible...