The regular meeting of the Supervisory Board of the “Investment and Venture Fund of the Republic of Tatarstan”, Non-profit organization, was held today in the House of Government of the Republic of Tatarstan.
The meeting was held by Alexey Pesoshin, the Prime Minister of the Republic of Tatarstan.
The members of the Supervisory Board considered a number of issues related to the activities of the Investment Venture Fund of the Republic of Tatarstan (IVF RT).
During the meeting, the issue of financing the innovative project “Globally innovative machines for dry ice granulation and cryogenic blasting” (IRBISTECH LLC) was presented.
The company got into the Fund’s sphere of interest in 2015 when it became the winner of the “Idea-1000” support program for innovative projects and received targeted funding for research and development in the amount of 1 million rubles under the START-1 program.
The result of the spent financing was a working prototype of a device for granulating and cleaning with dry ice, drastically reducing energy costs for work and cost of ownership, which has no world analogues, and which is a competitive advantage sufficient to occupy a firm position in the markets both in Russia and abroad. A new investment tranche will help the company speed up the project.
During the meeting, a new wording of the IVF RT regulations was approved, which regulate the work within the scope of the “Development Projects” and “Components” programs of the Industrial Development Fund