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Russia’s first tech park to open in Kazan on Saturday

February 15, 2014, 10:22 UTC+3 KAZAN
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KAZAN, February 15, 8:06 /ITAR-TASS/. Rustam Minnikhanov, the president of Tatarstan, will open Russia’s first private tech park in Kazan on Saturday, the Ministry of Information and Communication of the Republic of Tatarstan, told Itar-Tass.

“Local entrepreneurs Vasily Zakiyev and Ramil Ibragimov built the Navigator Campus technological cluster with support from five foreign venture funds which have offices in Russia. The overall amount of investments is about $4 million.

The tech park’s residents will create about 40 start-up companies, employing 160 people, in the field of robotics and the production of household electric devices and 3D-printers.

Navigator Campus has an area of 1,200 square meters, and its owners have plans to increase the area fivefold. According to the republic’s Ministry of Information and Communication, investors have already pledged to invest $10 million in the construction of the park’s second stage.

A source at Tatarstan’s Investment Development Agency told Itar-Tass that the regional government had already helped opening five tech parks in Tatarstan.

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