Ten percent of all transnational corporations would enter the Russian market in the next three or four years, Gref said.
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Russia To Invest In High Tech Businesses
The Russian government plans to put up $500 million into a venture capital fund
The Russian government plans to put up $500 million into a venture capital fund that will invest in innovative projects, the country?s Economy Minister German Gref said yesterday.
?We will allocate up to half a billion dollars for this purpose next year,? Gref said, quoted by RIA Novosti.
Gref said the fund would encourage venture investment, and added that a strategy was being drafted to foster the development of venture infrastructure in 2006-2008.
Ten percent of all transnational corporations would enter the Russian market in the next three or four years, Gref said.
Ten percent of all transnational corporations would enter the Russian market in the next three or four years, Gref said.
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