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Kabardino-Balkaria starts innovative business projects

Six projects have very strong innovative components, other four answer the requirements

NALCHIK, September 26 (Itar-Tass) —— Organisation of innovative business projects and further organisation of small businesses on their basis is a major long way, and we shall lobby such projects during distribution of grants to support small businesses and youth entrepreneurship, Kabardino-Balkaria’s Head of the Centre for support of entrepreneurship Albert Kulchukov told a regional conference called Youth’s Innovative Enrepreneurship on Monday.

“It is important to analyse and realise what innovations are worth supporting, and what young entrepreneurs are worth being trained for the economy of the republic and entire country,” he said.

At the conference ten young entrepreneurs from Kabardino-Balkaria reported they are ready to participate in the Stimulating of Youth innovative entrepreneurship in Russia programme, which is being implemented with the use of the presidential grant, to register firms, including the so-called small innovative enterprises on the basis of universities, and to implement their innovative business projects.

Kilchukov told Itar-Tass that late past year the republic joined four pilot regions, where the project is implemented. The republic chose 45 young businessmen, students and post-graduates aged under 30, who have an inclination for entrepreneurship. For several months they studied theory. Certificates were given to 30, and 15 of them had a chance to participate in two months’ training at the republic’s enterprises. Having gained experience in business management, they drafted their business plans to organise own businesses.

“Six projects have very strong innovative components, other four answer the requirements; the topics of the projects vary from industrial design, IT technologies, effective housing to gene engineering and agricultural hybrids,” Kilchukov said.

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