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Industrial development fund
Industrial development fund was founded for the Russian Federation industry modernization, new productions organization as well as the import substitution provision. The fund was created in 2014 at the Russian Federation Industry and Trade Ministry’s initiative by transforming the Russian Foundation for Technological Development.
The Foundation provides preferential co-financing projects terms which goal is new high-tech products and technical re-equipment development as well as competitive industries creation based on the best technologies available.
The foundation provides targeted loans at a rate of 1%, 3% and 5% per annum for up to 7 years in the amount of 5 to 750 million ruble while stimulating an direct investment inflow in the real economy sector in order to implement new industrial projects.