More startups will be established in Russia in the near future, and the number of funds and business angels providing financial resources for their growth will also increase. about this report First Deputy Chairman of the Board of Directors of Sberbank Alexander Vedyakhin told RIA Novosti.
One of Sber’s top managers reported that at the final of the Sber500 international accelerator for technology startups in November, teams from the Russian Federation, Armenia, Turkey, Israel and China received investment offers worth 1 billion rubles.
He reminded that 7 of the 10 largest companies in the world today, such as Apple, Amazon and Tesla, were startups just a generation ago.
According to Alexander Vedyakhin, the Russian market has tremendous growth potential.
The first deputy chairman of the board of directors of Sber believes that if the enterprise system in Russia is developed to the level of countries such as Brazil, this will mean a 30-fold increase in the volume of enterprise investments.
Vedyakhin called the emergence of new funds a positive trend. He emphasized that six new venture funds have emerged in Russia in the first half of 2024.
He also pointed out the development of the IPO market and stated that 15 IPOs are expected to be launched in 2024. More than 90 companies are interested in going public in the next few years, Vedyakhin said.
In addition, the senior manager of Sberbank said that bank interest rates will not be high forever, as inflation decreases, rates will decrease, and the initiative can provide investors with 20-30% or even 40% income in the long term. .
Vedyakhin noted the important stabilizing function of the state at all stages of the economic cycle. He explained that in projects with deep breakthrough technologies, called DeepTech projects, investors, as a rule, are not ready to participate in the early stages. Therefore, government grants run the risk of pursuing projects that are potentially in the public interest.
Vedyakhin also said that on average, one in every three startups in the world has integrated artificial intelligence technologies in one way or another.
Speaking about investors in the Global South, he noted that they are showing interest in Russia.
“We consider investors from the Global South to participate in the capital of subsidiaries of Russian startups if they enter these markets,” Vedyakhin said.
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Source: Gazeta
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