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Russia has created a number of federal and regional development institutions. While focussed on a variety of market segments, industries and business models, they all share a common goal of financial support to upgrading the national economy and entering high-tech markets. Achieving this goal hinges on both structuring the support framework and making businesses aware of available resources.
Each development institution works hard to provide financial and other assistance to industry leaders and smaller but promising market players.
Originally many of the existing development institutions were established to address highly specific issues typical of certain segments, industries or businesses.
Yet, according to the 2016 data collected by the Russian Union of Industrialists and Entrepreneurs, three out of four Russian businesses never used government-sponsored support schemes. Moreover, 25% to 50% never heard of them, and another 30% to 40% are only vaguely aware of their existence.