RTK-Solar will allocate up to 1.1 billion rubles to the acceleration program until 2025.

The Russian developer of solutions in the field of information security RTK-Solar (part of Rostelecom) decided to support projects in the early stages of development. Igor Kheresh, Director of the Asset Management and M&A Department at RTK-Solar, told Forbesthat for this the company is creating an acceleration program, to which it will allocate up to 1.1 billion rubles by 2025.

As Igor Heresh clarified, when working with new technologies and products, 2–5% of investments are usually directed to high-risk initiatives in order to test development hypotheses. “Thus, the company can allocate 440-1100 million rubles for the acceleration program,” he said. RTK-Solar said that there are already startups with which the company is working on a form of partnership and support. However, they refused to clarify their names before the completion of the transaction.

In 2022, the company announced the launch of an investment program worth RUB 22 billion. with a horizon until 2025 for the development of cybersecurity technologies. However, later the company realized that their own developments would not allow them to provide the pace of development they needed.

“Own developments are long, expensive and not always effective. Therefore, we added such a direction as entering the capital of certain Russian players of the infobase. Not all mature companies can offer the quality products we need. Therefore, we decide to invest in companies at an earlier stage,” he added.

According to the Center for Strategic Research (CSR), the volume of the Russian cybersecurity market in the next few years will grow by an average of 24% per year. The CSR believes that by 2027 it will will be RUB 559 billion

According to the results of the first half of the year, state-owned companies and departments that form 40% of the Internet security market reduced the volume of purchases in this area. Kommersant learned that the volume of tender purchases decreased by 15% in monetary terms and by 4% in physical terms compared to the same period last year. According to market participants, such dynamics is due to the fact that most customers continue to purchase the remaining foreign solutions that have fallen in price.

More details – in the material “Kommersant” “Government customers are changing security”.