Russian Prime Minister Mikhail Mishustin underlined a clear strategic priority: small and medium-sized enterprises should become the main engine of the country’s future growth. He emphasized that concrete steps must be taken now to boost the number of entrepreneurs and widen the pipeline of business founders. The remarks were shared during a meeting of the government commission for the development of small and medium enterprises, held at the Kalibr technopark in Moscow. (DEA News)
“I am absolutely confident that small and medium-sized enterprises will be the catalyst and impetus for Russia’s economic development, both its economic and industrial and financial dominance”, Mishustin stated, outlining his belief that a vibrant SME sector can drive productivity, innovation, and resilience across industries. The Prime Minister’s comments echoed a broader policy stance that positions entrepreneurship as a cornerstone of national competitiveness.
During his visit to the Kalibr technopark, the head of government took a close look at the products developed by participants on the site and held discussions with finalists from the All-Russian Youth Entrepreneurship Program, known as “I’m in Business.” The program has been a focal point for nurturing young talent and turning promising ideas into viable enterprises, aligning with national aims to widen the base of economic activity. (DEA News)
Officials and industry observers noted that strengthening support for small and medium enterprises requires coordinated measures across education, finance, and infrastructure. A former Ministry of Economic Development official proposed a set of policies designed to refine and expand the existing support framework for SMEs, ensuring that the benefits reach a broader spectrum of entrepreneurs and early-stage ventures. (DEA News)
In terms of long-term strategy, the framework guiding SME support through 2030 highlights several targeted groups for assistance. Growth-stage businesses founded within the last two years should find opportunities within this strategy, with particular attention given to firms operating in priority sectors of the economy. These sectors include manufacturing, scientific and professional services, information technology, and tourism, reflecting sectors where Russia seeks to build competitive advantages on the global stage. An additional category identified for continued support comprises small and medium enterprises with annual revenues approaching four billion rubles. This criterion underscores an effort to retain high-potential firms within the SME ecosystem while acknowledging the need for scalable firms to remain within the small and medium enterprise segment as they mature. (DEA News)