Venture Infrastructure in Russia: A Look to the Future

In 2019, I had the opportunity to speak at iz.ru (Izvestia) on the topic of “Venture Infrastructure in Russia.” At this event, I shared my observations about the state and prospects of venture capital development in our country.

Early Stage and Great Prospects

I noted that the Russian venture sector is in its early stages of development. In today’s world, we have a unique opportunity to unlock the potential of innovative ideas and startups. However, a key factor in achieving success will be our ability to avoid pitfalls related to the economic and political situation in Russia.

Growth Rates of Venture Capital

According to recent data, the growth rate of venture capital in Russia stands at an impressive 30% per year. This indicates a strong interest in new ideas and startups that have the potential to disrupt the market.

Emergence of Infrastructure Players

In recent years, we have seen a rise in the number of startups and various infrastructure players, such as accelerators, venture funds, business angels, and incubators. This ecosystem is beginning to take shape and positively impacts the development of venture capital.

The Role of Government and Its Consequences

Nevertheless, I emphasized the significant role of the government in this field. Excessive interference and bureaucratic hurdles may hinder the sector’s growth and development in the future. It is crucial to find a balance that allows entrepreneurs and investors to retain their initiative.

Searching for Teams in Technical Universities

During my personal experience, I visited five technical universities in Russia to find talented teams for startup creation. This experience was disheartening, as I encountered many theorists and only a few enthusiasts willing to bring their ideas to fruition. This highlights the need for more active engagement of youth in practical activities and entrepreneurship.

In conclusion, the future of venture infrastructure in Russia appears promising but requires a careful approach to creating conditions for its growth and development.