Business forum “Innostart 2024”, the main topic of which was innovations in the real sector of the economy, brought together entrepreneurs, experts, heads of government organizations, scientific and financial institutions of the country.
Welcoming the participants of the event, Deputy Chairman of the Management Board of the Development Bank Dzmitry Yarashevich noted that in the context of rapid changes and technological breakthroughs in the world, innovations became not only desirable, but vital for the successful development of enterprises, business and the country as a whole. At the same time, the success of innovative initiatives is largely related to the availability of financial resources for their implementation.
"As a national development institution, we always try to respond as flexibly and quickly as possible to the emerging needs of real sector organizations that contribute to solving priority tasks for the economy. For example, in order to expand business access to resources for innovation, just last week the Development Bank decided to launch two new products to finance projects with the commercialization of the results of scientific and technical activities," Dzmitry Yarashevich said.
The speakers of the forum spoke about the financing of innovative projects, attraction of investments, support to innovative startups and mechanisms for stimulating innovation.
Alesya Yakimush, Head of the Client Management Department of the Development Bank, spoke in details about the terms of the new two loan products: the first for organizations implementing investment projects, and the second for representatives of small and medium-sized businesses.
"These two new loan products will allow borrowers to carry out research, development and technological work, to acquire or implement ready-made results of scientific and technical activities. At the same time, SMEs have the opportunity to finance investments in operating capital," Alesya Yakimush explained the goals of financing and noted that the conditions were comfortable for two categories of borrowers.
For organizations implementing investment projects, funds in the amount from 7 to 20 million rubles are available at 0.5 of the refinancing rate of the National Bank for a period from 7 to 15 years. Representatives of SMEs can receive up to 7 million rubles at 0.5 of the refinancing rate of the National Bank, increased by 1.5% with a loan term at the expense of the resources of the Development Bank - up to 7 years. For each of the products, it is possible to provide a deferral of principal repayment: for the first - taking into account the assessment of the business plan, for the second - up to 24 months.
"I am sure that the new banking products will not only support businesses and government organizations in introducing domestic scientific developments into their production processes, but will also encourage them to implement such initiatives in order to make our country more technologically independent," Alesya Yakimush drew attention to the importance of the new products of the Development Bank and called on business representatives to actively use the available financial support tools.
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