Funding for small and medium size businesses

«Investment and Venture Fund of the Republic of Tatarstan» initiates the funding program for small and medium size companies with the aim of providing financial help to innovative, high technology and energy efficient projects in the field of process economics and high technologies.

Project requirements:

innovative project needs to own a patent and a copyright certificate;

innovative nature of a product;
 
projects which concern new and improving old production are asked to submit a report on increasing sales volume and a plan of project realization by increasing workforce productivity, cost cutting per single product, increasing revenues, increasing environmental concern and import replacement;

Energy efficient projects need to submit a report on indexes that define a project as energy efficient;

Loan agreement is valid for 7 years.
 
Loan size is 150 mln rubles.

Applicants’ own budget is no less than 15 % off project’s overall price.
 
Any type of loan support is allowed on condition that it costs no less than 75 % off the overall loan agreement cost.

Loan agreement interest rate is up to 12,5 % per annum.

In case there is little loan support, the Fund is ready to consider applicants for charter capital.

General requirements:

A company can be considered a small or a medium-sized business if it meets the following requirements stated in law “On small and medium sized enterprises in Russian Federation” (dated 24.07.2007 № 209-ФЗ):

Employees number for the preceding year:

micro enterprises – up to 15 employees;

small enterprises – up to 100 employees;

medium-sized enterprises – up to 250 employees.

Total VAT-exclusive turnover:

micro enterprises – up to 6o mln rubles;

small enterprises – up to 400 mln rubles;

medium-sized enterprises – up to 1 billion rubles.

Additional information:

Participatory interest of the Russian Federation, its constituent entities, non-residents, municipal corporations, religion and social organizations,
charity and other organizations, one or more big companies need to make up no more than 25 %.
 
Such organizations as credit and insurance companies, including nonbank credit companies, investment funds, non-state pension funds, traders and pawnshops are not eligible for funding. It is also subject to gaming industry companies and to companies developing excisable goods, as well as extraction of minerals (excluding well-known minerals), non-residents of Russia.
 
For more information of funding please refer to NPO “Investment and venture fund of the Republic of Tatarstan” in Kazan, Peterburgskaya street 50.