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Putin orders to create most comfortable conditions for investments in hi-tech startups

Earlier President Putin stressed the need to improve legal protection of intellectual property

© Alexei Nikolsky/Russian Presidential Press and Information Office/TASS

MOSCOW, February 20. /TASS/. Russian President Vladimir Putin has instructed the government to create the most comfortable conditions for investment in high-tech start-ups.

"Now is the time for bold initiatives, for creating businesses and industries, promoting new products and services, and the wave of technological development allows us to grow and conquer markets very quickly," Putin said in his State of the Nation address to the Federal Assembly.

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"We already have examples of successful companies, innovative companies, so that there would be much more, in particular in such areas as artificial intelligence and big data processing, the Internet of things, robotics," he added.

"I am instructing the government to create the most comfortable conditions for private investment in technology start-ups, to target them at support and development, and I am asking the lawmakers to quickly adopt priority laws to create the legal environment of the new digital economy, which will make it possible to enter into civil transactions and raise financing using digital technologies, develop e-commerce and services. All our legislation needs to be tuned to a new technological reality," the President stressed.

Earlier Putin stressed the need to improve the legal protection of intellectual property and to create attractive conditions for registration of patents in Russia.

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