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One-third of entrepreneurs in Russia’s Arctic region need investors — expert

December 04, 2015, 18:52 UTC+3 ARKHANGELSK

The Arctic Business World community was created in the summer with the view to discussing the regional problems and initiatives

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© Artiom Geodakyan/TASS

ARKHANGELSK, December 4. /TASS/. About one-third of entrepreneurs who own businesses in Russia’s Arctic zone need investors. This is confirmed by the statistics of the Arctic Business World project, its senior manager Yekaterina Toropova has told TASS.

According to her, the Arctic Business World is the first attempt to create a crowdsourcing discussion platform in Russia for the development of the subarctic regions. "More than 100 proposals have been received during several months of the project’s existence, one-third of them - in the "Business Projects for the Arctic Region" section where local entrepreneurs offer their projects and look for investors," Toropova said.

The Arctic Business World community was created in the summer with the view to discussing the regional problems and initiatives. The initiator of the project was the Business Council at the State Commission for the Development of the Arctic Region led by Russian Deputy Prime Minister Dmitry Rogozin. During the first several months, more than 1,000 entrepreneurs, managers, experts and residents of the subarctic regions joined the Arctic Business World community. The community pays special attention to the development of the Northeast Passage and the growth of the tourism potential of the subarctic regions.

According to Business Council chairman Sergey Shishkarev, "research and expert consultations are not enough for understanding the real problems of businesses in the subarctic territories and finding the appropriate solutions." "We need open communication with people who form the Arctic business world," Shishkarev said. "Our task is to consider the best ideas and help implement them."

Most of the suggestions from the Arctic business world participants concern the construction and development of the territories, the use of new materials and technologies, information integration, the energy industry, including small modular reactors, and the development of fish farming. The basic principle of crowdsourcing is the involvement of the wide audience in solving socially significant problems with the help of information technologies. The authors of the best ideas and proposals will get an opportunity to take part in the work of the Business Council, whose next meeting will be held next year. The participants in the contest will be able to present them to potential investors and partners.

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