Central regions | Finance, business | Technology & innovation

Universities to get new funds to boost global competitiveness

21 Feb '17
Russia’s leading universities may expect to receive about $172m this year as federal support of efforts aimed at “increasing their competitiveness among international scientific and educational centers,” the Russian Government website announced. Prime Minister Dmitry Medvedev has signed a decree endorsing the move.

The subsidy is coming from the 2017 federal budget for 21 Russian universities as part of a broader 2013-2020 competitiveness boost program.

The universities have been divided in three categories. Category 1 universities will each receive about $14m; category 2 universities are each getting $8m; and category 3 universities may expect to receive $2.4m each. The highest subsidies will be allocated for the Kazan Federal University, the Novosibirsk State University, St. Petersburg’s ITMO University, and also a number of the leading Moscow-based universities including MIPT (Phystech), MEPhI, MISiS—all technology focused—and the Higher School of Economics.

The program aims to bring at least five Russian universities into the world’s Top-100 of global universities by 2020.

The national universities have already received $480+m under this federal program since 2013, the Russian Government emphasized in its press release.
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