Government Subsidies for Businesses
To raise awareness of support available to innovative companies, the Government of Moscow has a introduced a range of online services.
Residents of Moscow's technology parks are eligible for subsidies worth up to 200 million rubles to cover interest payments on equipment acquisition loans and up to 100 million rubles to cover lease payments, equipment acquisition costs (up to 15%, but not more than 10 million rubles), loan interest payments (up to 10 million rubles, but not more than the key interest rate of Russia's central bank), and equipment lease costs (up to 15%, but not more than 10 million rubles).
Moscow's small and medium-sized research and manufacturing companies can receive subsidies to partially cover their participation at exhibitions and trade shows (50% of the total costs incurred and verified, but not more than 350 thousand rubles for domestic events, and not more 700 thousand rubles for events abroad).
Moscow Venture Investment Development Fund The fund provides preferential loans to seed and pre-seed projects that have secured initial private funding from approved investors.
The goal of this initiative is to support existing and encourage new investors to finance Moscow-based startups at early stages.
Moscow Entrepreneurship and Manufacturing Fund The fund supports local manufacturers as well as small and medium-sized entrepreneurs participating in state procurement contracts. Loan can be provided to legal entities (LLCs, JSCs regardless the state's participation); manufacturing enterprises registered as taxpayers in Moscow (with at least 50% of revenues coming from primary business activities as verified by the Social Insurance Fund); management companies of local technology parks and industrial areas.
Moscow Small Business Credit Assistance Fund
The fund provides collateral for the obligations of small and medium-sized businesses to creditors. It promotes the development of small and medium-sized businesses by improving the availability of borrowed financial resources. The fund reduces the risks of lending to SME borrowers and provides borrowers with guarantees to creditors.