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Sergei Sobyanin: Moscow has allocated more than 800 million rubles for the development of import substitution industries KXan 36 Daily News

Date: June 9, 2023 Time: 14:55:05

“Despite the sanctions, we have not only preserved Moscow’s economic potential, but are also making serious progress in implementing the strategic tasks of import substitution and ensuring Russia’s technological sovereignty,” Moscow Mayor Sergei said. Sobyanin. work is the grant grant program for the creation or expansion 15 high-tech companies were selected from areas such as medicine, the pharmaceutical industry, information technology, electrical engineering, mechanical engineering, the pulp and paper industry and production of building materials.

The grant is paid to companies over three years, from 2022 to 2024. These funds will help technology companies accelerate development and localize production, the mayor’s office said. In addition, a quarter of the amount (or about 201.78 million rubles) is received by companies in advance. The remaining funds are paid annually, based on actual costs and the project schedule.

With these funds, they can offset half of their costs for the purchase of real estate or for connecting to engineering networks. Among the items of expense that can be offset by a grant are the purchase of rights to the results of intellectual activity, the purchase of equipment or software. In addition, a quarter of the amount allocated to employee salaries can be offset from grant funds.

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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